Carl E. Painter, chairman of BICC Cables Corporation, elected director of London-based BICC plc; Chairman and CEO of one of the largest wire and cable companies in North America named to board of directors of parent company.WEST NYACK, N.Y.--(BUSINESS WIRE)--Jan. 16, 1995--BICC Cables Corp., one of North America's largest manufacturers of electrical wire and cable, today announced that its chairman and chief executive officer, Carl E. Painter, has been elected a director of its parent company, BICC BICC Bearer Independent Call Control BICC Business Intelligence Competency Center (SAS Consulting) BICC Beijing International Convention Center BICC Biomedical Information Communication Center plc (London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. : BICC), an international cables and construction group. Painter, 48, will begin serving on the board of directors immediately and is its only North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. representative. BICC Group Chairman, Sir Robin Biggam, commenting on the appointment, said, "Carl Painter has been responsible for a number of major operating improvements in our North American cables business over the 18-month period he has been chairman of BICC Cables Corporation. His appointment to the board recognizes the importance which the BICC Group attaches to its North American cables business." Painter has nearly 20 years of experience in the electrical industry, including senior management positions in manufacturing, marketing and general management. From 1987 to 1992, he was executive vice president of BICC Cables unit of BICC Cables with nearly $300 million in sales. In 1992, Painter led the acquisition of the Electrical Division of Reynolds Metals Company and its subsequent integration with Cablec Utility Cable Company. Painter is one of the founders of the company, which was formed in 1984 with the management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. of the $50 million electrical power cable business of Phelps-Dodge Cable & Wire Company. Through acquisition and internal growth, BICC Cables Corp. has become one of North America's largest manufacturers of electrical wire and cable with annual sales of over $700 million. BICC Cables Corp. is comprised of Cablec Utility Cable Company (West Nyack), Cablec Continental Cables Company (York, Pa.), Brand-Rex Company (Willimantic, Conn.) and Phillips Cables Ltd. (Toronto, Ont.). Currently, the company operates 17 manufacturing facilities and employs more than 3,400 people throughout North America. Painter received a bachelor's degree in electrical engineering from Lehigh University in 1968 and an 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 Harvard Graduate School of Business in 1975. He served four years as a Flight Officer in the U.S. Navy. He has been active in numerous industry activities and currently serves as a director of the National Electrical Manufacturers Association's (NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) ) Wire and Cable Division. BICC Cables Corp., the North American cables business of London-based BICC Group, is a leading manufacturer of power, control, instrumentation, telephone, data, and electronic cables for the utility, industrial, transit, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and , mining, construction and telecommunications markets. BICC Group employs 40,000 people in 31 countries. CONTACT: Coltrin & Associates, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Troy McCombs, 212/221-1616 |
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