Badger Meter Increases Dividend: Announces Election of Three Officers to New Positions.Business Editors MILWAUKEE--(BUSINESS WIRE)--Feb. 9, 2001 Badger Meter, Inc. (AMEX AMEX See: American Stock Exchange : BMI BMI body mass index. BMI abbr. body mass index Body mass index (BMI) A measurement that has replaced weight as the preferred determinant of obesity. ) today announced a 16 percent increase in its quarterly common stock dividend to 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. from 21.5 cents per share. The increased dividend is payable March 15, 2001 to shareholders of record February 28, 2001. The new annual dividend rate for the common stock is $1.00 per share. "This is our ninth consecutive year of increased dividend payments. The increase reflects our confidence in the long-term growth potential of Badger Meter," said James L. Forbes, chairman, president and chief executive officer. The company also announced the election of three officers to new positions. Robert D. Belan, 60, has been elected executive vice president-operations, Richard A. Meeusen, 46, has been elected executive vice president-administration and Richard E. Johnson, 46, has joined the company as vice president-finance, treasurer and chief financial officer. Belan will direct all operating areas of the company including manufacturing, sales, marketing and engineering. Belan, who joined Badger Meter in 1989 as vice president-operations, has over 30 years of experience in the water products business in various engineering, manufacturing and senior management positions. He received a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in business management from St. Vincent College, Latrobe, Pennsylvania. He is a member of the American Water Works Association American Water Works Association (AWWA) is an international nonprofit professional organization dedicated to the improvement of drinking water quality and supply. It was founded in 1881 and, as of 2007, there are approximately 60,000 AWWA members world-wide. , the American Management Association and the Association for Manufacturing Excellence. Meeusen will be responsible for the company's financial, legal, systems and human resources functions. He joined Badger Meter in 1995 as vice president-finance, chief financial officer and treasurer. His experience includes 12 years with Arthur Andersen & Co. in Milwaukee. Meeusen, a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , received a bachelor's degree in accounting from the University of Wisconsin-Whitewater The University of Wisconsin–Whitewater (also known as UW-Whitewater) is part of the University of Wisconsin System, located in Whitewater, Wisconsin. It became Wisconsin's second public college on April 21, 1868 when it opened its doors to 39 students taught by nine in 1976 and a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Kellogg Graduate School of Management at Northwestern University in 1995. He is a member of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. and the Wisconsin Institute of Certified Public Accountants. Johnson has served in the utility business for the last 15 years, holding executive positions with Wisconsin Southern Gas Co., Wisconsin Natural Gas Company and Wisconsin Electric Power Company. His experience also includes nine years with Arthur Andersen & Co. in the firm's Milwaukee office. A certified public accountant, Johnson received a BBA degree from the University of Wisconsin-Milwaukee in 1976 and a MBA degree from Marquette University in 1993. He is a member of the American Institute of Certified Public Accountants and the Wisconsin Institute of Certified Public Accountants. Badger Meter is a leading marketer and manufacturer of products using flow measurement and control technology serving utility and industrial markets worldwide. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion