Brown & Sharpe Announces Election of New Director and Departure of Executive Vice President.NORTH KINGSTOWN North Kingstown (kĭng`stən, kĭngz`toun'), town (1990 pop. 23,786), Washington co., S central R.I., on Narragansett Bay; inc. as Kings Towne 1674, divided into North Kingstown and South Kingstown 1723. , R.I.--(BUSINESS WIRE)--Dec. 16, 1999-- Brown & Sharpe Manufacturing Company (NYSE NYSE See: New York Stock Exchange :BNS Noun 1. BNS - a bachelor's degree in naval science Bachelor of Naval Science bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies ) today announced that Richard M. Donnelly was elected a Director of the Company by the Board of Directors at a regular meeting held on December 10, 1999. Mr. Donnelly, who is 56 years old, is a retired executive of General Motors Corporation, who held various positions during his 38-year career with General Motors in general management, manufacturing and vehicle development, and international business strategy development and last served as President of General Motors, Europe until his retirement in 1999. Currently Mr. Donnelly is a principal of Donnelly Associates, a business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a he established in 1999, specializing in developing and assisting in execution of strategies for manufacturing, restructuring, and globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of manufacturing businesses. He also serves as a Director of Detroit Diesel Corporation and Powerway, an internet based "business-to-business" process company. With the election of Mr. Donnelly, Brown & Sharpe's Board is increased in size from nine to ten members. Brown & Sharpe also announced that Charles A. Junkunc, Executive Vice President - Strategic Development for the Company, will be leaving the Company on December 31, 1999 to pursue other personal and business ventures. Mr. Junkunc, who joined the Company in April of 1992 as Vice President and Chief Financial Officer and assumed his present position in December of 1998, led the Company through a period of transition from a machine tool business to a metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. company. Frank T. Curtin, Brown & Sharpe's Chairman, President, and Chief Executive Officer, said, "We are extremely pleased to have Richard Donnelly join our Board as he brings many years of global manufacturing and business experience in the industrial manufacturing sector of the world economy, in which our global metrology business participates. We greatly appreciate Chuck Junkunc's many valuable contributions to the Company during his tenure, most notably leading the acquisition of DEA DEA - Data Encryption Algorithm S.p.A. in 1994 and the Company's secondary stock offering in 1996, and wish him well in the pursuit of his new endeavors." |
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