BBN board elects Conrades chairman; Shareholders make BBN Corporation official name.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 7, 1995--The BBN (BBN Technologies, Cambridge, MA, www.bbn.com) A consulting firm that participated in the development of some of the most extensive networks in the world, including ARPANET, which evolved into the Internet. It was founded in 1948 as a consulting service in acoustics by Dr. (NYSE NYSE See: New York Stock Exchange :BBN) Board of Directors has elected George H. Conrades to the additional post of Chairman, succeeding Stephen R. Levy, who officially retired from BBN on Monday, Nov. 6. Mr. Conrades will continue as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company. Mr. Levy announced his retirement as a BBN employee and as Chairman on September 29, 1995. He will remain on the BBN Board as chairman emeritus, and on the boards of BBN's three subsidiaries, BBN Planet Corporation, BBN Domain Corporation and BBN Hark hark intr.v. harked, hark·ing, harks To listen attentively. Idiom: hark back To return to a previous point, as in a narrative. Systems Corporation. "At yesterday's meeting, BBN's Board of Directors approved my recommendation that George Conrades succeed me as Chairman. George has been with the Company for nearly two years now and all of the members of the board share my admiration and pride in what he has accomplished in that time as President and CEO," Mr. Levy said. "George's considerable energy and skills are helping the Company to achieve its full potential for growth, profitability, and increased shareholder value." Mr. Conrades has been president and chief executive officer of BBN since January 1994. At BBN, Mr. Conrades has focused the company's investments and partnerships with other companies on Internet-related solutions for business customers. BBN is concentrating primarily on Internet-related opportunities such as access services and security; collaborative technologies such as video, speech recognition and intelligent agents; and on networked applications. In its fiscal year 1995, BBN sold its ATM subsidiary, LightStream Corporation, making possible the company's emphasis on advanced software and services offerings for business use of the Internet. Mr. Conrades is a former senior vice president of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . During his 30 years with IBM, Mr. Conrades ran many key businesses, including U.S. operations, where he oversaw the creation of a wholly-owned subsidiary, Integrated Systems Solutions Corporation (ISSC ISSC International Ship Security Certificate ISSC Interstate Shellfish Sanitation Conference ISSC International Social Sciences Council ISSC Integrated Systems Solutions Corporation ISSC Information Systems Steering Committee ISSC Information Systems Sub-Committee ). ISSC provides information systems outsourcing, consulting and systems integration services. In addition, Mr. Conrades established IBM's Asia/Pacific Group, with headquarters in Tokyo. He also served as general manager for IBM's AS/400 and Personal Systems divisions. A graduate of Ohio Wesleyan University “OWU” redirects here. For other uses, see OWU (disambiguation). This article concerns Ohio Wesleyan University in Delaware, Ohio; a number of other colleges and universities have names that include Wesleyan. in 1961 with a B.A. degree in physics and mathematics, he received his M.B.A. from the University of Chicago in 1971. He is a former chairman of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Ohio Wesleyan, and a member of the board of directors of BBN, Westinghouse and several start-up companies. Company Name Change At the BBN Annual Meeting on Monday, shareholders voted to approve BBN management's proposal to change the Company's name from Bolt Beranek and Newman Inc. to BBN Corporation, effective immediately. "The new name is intended to help simplify BBN's branding efforts in the market place," Mr. Conrades said. "At the same time, it recalls our heritage of innovation in technologies that have made us what we are today." BBN Corporation was founded in 1948 by Richard H. Bolt, Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. L. Beranek and the late Robert B. Newman to develop architectural acoustics Architectural acoustics The science of sound as it pertains to buildings. There are three major branches of architectural acoustics. (1) Room acoustics involves the design of the interior of buildings to project properly diffused sound at appropriate levels . Their work was instrumental in the development of BBN's focus on human-computer interaction and applied mathematics, including the use of computers and the development of software to solve complex problems. BBN today pioneers technology to help people work and learn together. Headquartered in Cambridge, Mass., BBN posted revenues of approximately $215 million in its fiscal year ended June 30, 1995. CONTACT: BBN, Cambridge Peter Thonis, 617/873-3512 Internet: pthonis@bbn.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion