Bellcore names Rodney Everhart CFO and Senior VP; Grogan to retire.

MORRISTOWN, N.J.--(BUSINESS WIRE)--Rodney L. Everhart, former top executive of LEXIS-NEXIS, has been named Senior Vice President and Chief Financial Officer of Bellcore, a leading communications software and consulting company. The position will become effective Dec. 6.

"Rod brings remarkable depth and breadth of relevant business experience to Bellcore at a critical time in our development as a competitive business," said Bellcore President and CEO, Dr. George H. Heilmeier. "Rod has already faced many of the challenges we are dealing with today with proven results," Heilmeier added.

Everhart will replace Edward G. Grogan, who will retire from Bellcore the first quarter of 1996. Grogan joined Bellcore in 1990 from Bell Atlantic Network Services, Inc., where he had responsibilities for human resources and labor relations.

Everhart, 53, was president of the Dayton, Ohio firm Mead Data Central, Inc., a leading provider of legal, news, company and financial information for researchers in business and legal markets, from November 1992 to November 1994. In December 1994, Mead Data Central was divested from its parent, The Mead Corporation, and acquired by Reed Elsevier, plc. The acquisition was renamed LEXIS-NEXIS.

Everhart served as president and chief operating officer of LEXIS-NEXIS from December 1994 up to his departure in March 1995. Sales for Mead Data Central/LEXIS-NEXIS in 1992, 1993, and 1994 were $495 million, $551 million, and $623 million, respectively.

Everhart also held a variety of positions of increasing responsibility in finance, operations, and administration from the time he joined Mead Data Central in 1989 as vice president of Financial Resources and Administration.

During Everhart's leadership of Mead Data Central, he drove a major cost reduction effort to accelerate investment in technology, information content and marketing.

As LEXIS-NEXIS' president and chief operating officer, Everhart was responsible for all on-line services and subsidiaries, including Folio Corporation (data management and software publishing software), The Michie Company (print and CD-ROM publishers of state statues and secondary materials), LEXIS Document Services (filing and hardcopy retrieval service), and Jurisoft, Inc. (PC tools for legal market).

Prior to joining Mead Data Central, Everhart was vice president of Finance and Administration and CFO/Treasurer of Systems & Computer Technology Corporation in Malvern, Pa. Over a period of 19 years, he held a variety of financial management positions with General Electric Company.

Everhart has a Bachelor of Science degree in management from the University of Illinois and is a graduate of the General Electric Financial Management Program.

CONTACT: Bellcore, Livingston

Barbara McClurken

201/829-2164