Printer Friendly
The Free Library
19,585,944 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Brush Engineered Materials Completes Earlier Announced Leadership Transition; Richard J. Hipple Appointed President, Chief Executive Officer and Chairman with Retirement of Gordon D. Harnett.


CLEVELAND -- Brush Engineered Materials Brush Engineered Materials Inc. is a multinational company specializing in high performance engineered materials emphasizing the qualities of strength, reliability, miniaturization and weight savings, thermal dissipation, electrical conductivity and reflectivity.  Inc. (NYSE NYSE

See: New York Stock Exchange
:BW) announced today that its Board of Directors has appointed Richard (Dick) Hipple, age 53, as President, Chief Executive Officer and Chairman. Mr. Hipple, who has held the position of President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 since May 2005, succeeds Gordon D. Harnett, who has served as Chairman and Chief Executive Officer since January 1991 and President until May 2005. E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]On February 7, 2006, Brush Engineered Materials announced Mr. Harnett's intention to retire from the Company. As planned, Mr. Harnett stepped down as Chairman and Chief Executive Officer of the Company today at the conclusion of its Annual Meeting of Shareholders. He will officially retire from the Company on June 2, 2006. E[acute accent]At its Annual Meeting today, Brush Engineered Materials shareholders elected Mr. Hipple to the Company's Board of Directors, filling the Board seat vacated with the retirement of Mr. Harnett. All Board members except Mr. Hipple are from outside of the Company. E[acute accent]Commenting on the leadership change, John Sherwin, Jr., Lead Director, said, "The Board of Directors has great confidence in Dick Hipple's ability to continue and build on the tremendous progress made at the Company since Gordon Harnett assumed the helm. Today's election completes an orderly succession announced earlier this year and allows us to seamlessly transition to a new generation of leadership. We are excited about opportunities for the future under Dick's leadership and, at the same time, wish to express our appreciation to Gordon for his past contributions to Brush and extend our best wishes upon his retirement." E[acute accent]Mr. Hipple joined Brush Wellman Inc., the largest subsidiary of Brush Engineered Materials, in 2001 as Vice President, Alloy Strip Products. Later he was promoted to President of the Alloy Products group, the largest business unit within Brush Wellman. E[acute accent]Mr. Hipple remarked, "I am honored and excited to have been asked to carry the Company forward. Brush has a proud and accomplished history in the 75 years since its founding. Thanks in part to the legacy being left by Gordon Harnett, I have the opportunity to begin leading the Company at a time when it is experiencing strong growth in revenues and earnings. I also have the benefit of a very strong top management team and the dedication and enthusiasm of Brush employees worldwide. We are off to an impressive start in 2006, and we believe that our strategy of product innovation, geographic expansion, customer service, strategic acquisitions, and a continuous focus on cost and waste reduction will be a long-term winner for Brush Engineered materials." E[acute accent]Before joining the Company, Mr. Hipple served as President of LTV LTV

See: Loan-to-value ratio
 Steel Corporation. In his 26 years with this integrated steel producer, he advanced from a plant project engineer to positions of increased responsibility including strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , supply chain management, operations, sales and marketing, and executive management. E[acute accent]He is a graduate of Drexel University Drexel University, at Philadelphia, Pa.; coeducational; founded 1891 by Anthony J. Drexel, opened 1892, chartered 1894 as Drexel Institute of Art, Science, and Industry. It was renamed Drexel Institute of Technology in 1936 and gained university status in 1970.  with 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 engineering. E[acute accent]Brush Engineered Materials Inc. is headquartered in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation).
Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state.
. The Company, through its wholly-owned subsidiaries, supplies worldwide markets with beryllium beryllium (bərĭl`ēəm) [from beryl ], metallic chemical element; symbol Be; at. no. 4; at. wt. 9.01218; m.p. about 1,278°C;; b.p. 2,970°C; (estimated); sp. gr. 1.85 at 20°C;; valence +2.  products, alloy products, electronic products, precious metal products, and engineered material systems.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 2, 2006
Words:541
Previous Article:Q1 2006 The Timberland Company Earnings Conference Call - Research and Markets offers a transcript of 'The Timberland Company' Conference Call.
Next Article:Thomas Lamprecht Joins the Hacker Group as Vice President and Executive Creative Director.
Topics:



Related Articles
Directors of Federal Reserve Banks and Branches.
Jobs & People.
Management.
Directors of Federal Reserve Banks and Branches.
Directors of Federal Reserve Banks and Branches.
Industry. (Brass Tracks).
High-Tech Leaders Urge Congress to Finalize DTV Transition Now; Legislation to Free Spectrum for Wireless Broadband, Public Safety Endorsed by CEOs...
Brush Engineered Materials' Chairman and Chief Executive Officer Announces Intention to Retire in May 2006.
Electronic Clearing House (ECHO) Announces CEO Retirement and New Leadership Appointments.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles