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BORDEN ANNOUNCES EXECUTIVE PROMOTIONS.

COLUMBUS, Ohio, March 30, 1995--(BUSINESS WIRE)--Borden, Inc. today announced a series of corporate staff and operating sector promotions, including the election by its Board of Directors of five new corporate Vice Presidents:

Robert W. Allen, named Executive Vice President of Borden, Inc. while continuing as President, Dairy Products operating sector;

Thomas V. Barr, elected Vice President and Director of Taxes;

Robert D. Bradford Jr., who has joined the Company as Vice President, Health, Safety & Environment;

Nancy G. Brown, promoted to corporate Vice President and Deputy General Counsel, and also named General Counsel of both the Consumer Packaged Products and Dairy Products operating sectors; and

Nicholas R. Iammartino, elected Vice President, Public Affairs. Among the Company's ongoing corporate officers, Borden announced that:

Richard L. de Ney has been named Executive Vice President, Corporate Strategy and Development;

Randy D. Kautto has been elected Senior Vice President, Human Resources and Corporate Affairs; and

Allan L. Miller has been elected to the additional post of Secretary, while continuing as Senior Vice President and General Counsel and to head Borden's labor relations function.

In addition, Borden announced the promotions of: Lawrence L. Dieker to Vice President and General Counsel of the Worldwide Packaging and Industrial Products operating sector; and Craig G. Hammond to Senior Vice President, Operations and Technology of the Consumer Packaged Products operating sector.

All of these actions reflect records of achievement by each individual, the Company said, as well as additional responsibilities that most have taken on over the past six to twelve months, in large part related to the realignment last fall of Borden's corporate and operating sector structure.

Mr. Allen joined Borden in 1993 as President of Dairy Products and a Senior Group Vice President of the former North American Foods Division. He had previously been Chairman and Chief Executive Officer of BolsWessanen USA Dairies, which operates large regional dairies based in New York and Minnesota.

Mr. Barr had been Assistant General Controller and Director of Taxes since 1989. He joined Borden in 1981 as Director of Income and Franchise Taxes. He had spent the first 10 years of his professional career in public accounting, where he earned his CPA designation.

Mr. Bradford joined Borden in February 1995 from Olin Corporation, where he had been Corporate Director, Risk Management since 1988 and also Assistant to the President, Chairman and CEO of Olin. From 1978 to 1988, he had successively served Olin as Director of Planning, of Manufacturing, and of Environment, Health & Safety. He previously worked with Dow Chemical Company in a variety of manufacturing, technology and systems assignments. Mr. Bradford has also been elected a Vice President of BCP Management, Inc., the Borden subsidiary with operating responsibility for Borden Chemicals and Plastics Limited Partnership.

Ms. Brown had been an Assistant General Counsel of Borden, most recently serving the pasta, dairy, snacks and international foods business units. She joined the Company in 1976 and spent her first 13 years as counsel to the Packaging and Industrial Products businesses.

Mr. de Ney came to Borden in January 1995 as Executive Vice President, Administration. His new title reflects the focus of his responsibilities on corporate strategy and direction and on assisting business unit managers with strategy and planning. Mr. de Ney had previously been a Managing Director of Bear Stearns & Co. and a consultant with McKinsey & Company.

Mr. Dieker was previously an Assistant General Counsel of Borden, providing legal services to the Company's chemical businesses since joining in 1972. He has been responsible as well for environmental law since 1992. Mr. Dieker also has been elected Vice President and General Counsel of BCP Management, while continuing as Secretary.

Mr. Hammond, who joined Borden in January 1994 as Vice President, Operations of the former North American Foods Division, is currently responsible for science/technology and consumer affairs as well as manufacturing, procurement, logistics, technical services, quality assurance, strategic planning and human resources operations functions. He had previously been with Kraft General Foods and Miller Brewing from 1976 in a variety of manufacturing and quality assurance positions.

Mr. Iammartino joined Borden Public Affairs in 1986 as Director, Financial Communications, and has since served as Director of External Communications and of Public Affairs. He previously held corporate communications positions with Philip Morris, Inc. and Celanese Corporation.

Mr. Kautto now has responsibility for Public Affairs and for Social Responsibility and the Borden Foundation, in addition to Human Resources. He came to Borden in February 1994 from Philip Morris Companies Inc., where he had been Vice President, Employee Relations. After joining General Foods in 1973 in labor relations, he rose through a series of human resources positions including organizational development and personnel planning and development.

Mr. Miller has been with Borden since 1968, initially in labor relations. He advanced to Vice President of Employee Relations in 1977, and in 1985 was named Chief Administrative Officer with responsibility for the Law Department as well. He has also directed various other corporate functions including Consumer Affairs, Public Affairs, Social Responsibility, Safety and the Company's productivity program. He was named General Counsel in 1994.

Borden, Inc., with sales of $5.6 billion in 1994, is a worldwide producer of pasta, dairy and other packaged grocery products; consumer adhesives and wallcoverings; and adhesives, resins and plastic products for packaging and industrial uses. Headquartered in Columbus, Borden is privately held by Kohlberg Kravis Roberts & Co. following a merger completed March 14, 1995.

CONTACT: Lynn S. Anderson

614-225-7199

Nicholas R. Iammartino

614-225-4485
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Publication:Business Wire
Date:Mar 30, 1995
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