Carroll M. Martenson, Esterline Technologies' Retired Chairman Emeritus Succumbs to Cancer At 79.City Desks OBIT... BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 22, 2000 Martenson Built Management Teams at Esterline and Predecessor Companies Esterline Technologies (NYSE NYSE See: New York Stock Exchange :ESL) announced today the passing of its retired Chairman Emeritus Carroll M. "Marty" Martenson. Martenson, 79, died August 17 of cancer. Robert W. Cremin, Esterline's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "... Marty played a large role in the development of the management team that now leads our company. He set the tone for many of our successes over the last two-and-a-half decades and we'll miss him as a business associate and a friend." In 1971 Martenson took the reins of then ailing Heath Tecna Corporation, a Kent, Wash., based aerospace component manufacturer. With prudent pruning of the company's operations and the appointment of a lean management team, Martenson rebuilt the company (renamed Criton) to be one of 1980's top performing companies on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . In 1987, Martenson's team took responsibility for Esterline and subsequently acquired six Criton aerospace operations, creating the foundation for today's Esterline. Always active in the aerospace community, Martenson was a founding director of the Museum of Flight, Seattle, and a former Governor of the Aerospace Industries Association. Martenson was a past director of Airborne Freight, Precision Castparts, and Washington Mutual. He also was President of the Greater Seattle Chamber of Commerce The Greater Seattle Chamber of Commerce is a private, membership-based organization that promotes economic prosperity in the metro region of Seattle, Washington, and provides businesses with tools to grow. in 1981 and a former Trustee of the University of Puget Sound The University of Puget Sound (often called UPS or just Puget Sound) is a private liberal arts college located in the North End of Tacoma, Washington, in the United States. . Prior to joining Heath Tecna, Martenson was president of Hydraulic Research (later H-R Textron) from 1955 to 1967. From 1967 to 1969 he was president of Textron's Dalmo-Victor operation then was promoted to Group Vice President at Textron. Martenson was a Sloan Fellow in business management at the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, (M.I.T) and received his bachelor's and master's degrees in aeronautical engineering from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. . Headquartered in Bellevue, Wash., with manufacturing operations in eight U.S. states, Europe and the U.K., Esterline Technologies is a leading manufacturer of components and subsystems for the aerospace/defense industry and of automated manufacturing equipment for electronics and other markets. |
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