Clorox Names Gerald Johnston CEO.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Photo Editors/Business Editors NOTE: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.061903/bb3 OAKLAND, Calif.--(BUSINESS WIRE)--June 19, 2003 The Clorox Company (NYSE NYSE See: New York Stock Exchange :CLX (library, graphics) CLX - The Common Lisp library providing a low-level interface to the X Window System, equivalent to Xlib. Graphics toolkits can be built on top of CLX, e.g. McCLIM, Garnet, CLUE and CLIO. ) (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. :CLX) today announced that Gerald E. "Jerry" Johnston, 55, has been named chief executive officer and elected to the company's board of directors, effective July 1, 2003. Johnston succeeds G. Craig Sullivan Craig Sullivan, American Known for being an Exceptional EMS Director Currently operating a successful EMS in Boone NC]. born and raised in Ashe County NC. Currently living in Zionville NC with wife and 3 kids External links
Commenting on the announcement, Sullivan said, "In accordance with corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. best practices, in addition to considering Jerry, the board conducted a comprehensive external search. That process confirmed the board's belief that Jerry is the right person to lead the company forward. I'm truly delighted to have such a strong leader with great breadth of experience take the helm at Clorox. Jerry Johnston is exceptionally well-equipped to build on Clorox's positive momentum, to drive sustainable growth and to create long-term shareholder value." Johnston has served as 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 February 1999. In that role, he has been responsible for Clorox's U.S. and international operating divisions, along with the company's sales, marketing, product supply, and research and development functions. Johnston joined Clorox in 1981, following 10 years with The Procter & Gamble Company. In 1983, he assumed the post of national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → for the Kingsford(R) Products Division. Then, in 1989, he became the company's director of business development. He was elected vice president-corporate development and planning in 1992, vice president-general manager for Kingsford(R) Products Division in 1993, and group vice president and a member of the company's executive committee in 1996. "I'm honored to have the opportunity to lead the Clorox organization as we build on our strong track record," said Johnston. "Clorox is a great company with an excellent portfolio of strong brands and many talented people around the world. Together, we will remain squarely focused on our goal of delivering healthy, consistent growth." Conference Call and Webcast Today Today, at 10:30 a.m. Pacific time (1:30 p.m. Eastern time), Clorox will host a live audio webcast of a brief conference call with the investment community regarding this announcement. The webcast can be accessed at www.clorox.com/investors. Following the live discussion, a replay of the webcast will be archived for one week on the company's Web site. The Clorox Company The Clorox Company is a leading manufacturer and marketer of consumer products with fiscal year 2002 revenues of $4 billion. Clorox markets some of consumers' most trusted and recognized brand names, including its namesake bleach and cleaning products, Armor All(R) and STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. (R) auto care products, Fresh Step(R) and Scoop Away(R) cat litters, Kingsford(R) charcoal briquets, Hidden Valley(R) and K C Masterpiece(R) dressings and sauces, and Glad(R) bags, wraps and containers. With 9,500 employees worldwide, the company manufactures products in 25 countries and markets them in more than 100 countries. Founded in 1980, The Clorox Company Foundation has awarded grants totaling more than $51 million to nonprofit organizations, schools and colleges; and in fiscal 2002 made product donations valued at nearly $5 million. For more information about Clorox, visit the company's Web site at www.clorox.com. Except for historical information, matters discussed above, including statements about future volume, sales and earnings growth, profitability, costs, cost savings or expectations, are forward-looking statements based on management's estimates, assumptions and projections. Important factors that could cause results to differ materially from management's expectations are described in "Forward-Looking Statements and Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operation" in the company's SEC Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2002, as updated from time to time in the company's SEC filings. Those factors include, but are not limited to, general economic and marketplace conditions and events; the company's costs, including the impact of world events on raw material costs and/or supply disruption; risks inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and international operations; the success of new products; the company's ability to manage and obtain the benefits of joint venture activities; the success of information systems design and implementation; integration of acquisitions; and environmental, regulatory and intellectual property matters. Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.061903/bb3 |
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