Clorox Names Gerald Johnston Chairman of the Board; Robert Matschullat Named Presiding Director.OAKLAND, Calif. -- 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. ) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :CLX) today announced that Gerald E. "Jerry" Johnston has been named chairman of the board effective immediately. Johnston, 57, was named chief executive officer on June 19, 2003, and continues in that role. As chairman, Johnston succeeds Robert W. Matschullat who will now serve as the board's presiding pre·side intr.v. pre·sid·ed, pre·sid·ing, pre·sides 1. To hold the position of authority; act as chairperson or president. 2. To possess or exercise authority or control. 3. director. "We initially split the chairman and chief executive roles to allow Jerry to focus on the business and develop his strategic plan as a new 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 Matschullat. "We have decided to recombine re·com·bine v. To undergo or cause genetic recombination; form new combinations. the roles now that Jerry has implemented his operating and strategic plans for the company, and now that all our governance processes are in place through Sarbanes-Oxley." As chairman of the board, Johnston will focus on governance, board communication and board effectiveness. As presiding director, Matschullat will preside over any board sessions where management is excluded, including the CEO, consult with Johnston on board matters and ensure independent board members are comfortable with the board's direction and activities. The Clorox Company The Clorox Company is a leading manufacturer and marketer of consumer products with fiscal year 2004 revenues of $4.3 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, Brita(R) water-filtration systems, and Glad(R) bags, wraps and containers. With 8,600 employees worldwide, the company manufactures products in 25 countries and markets them in more than 100 countries. Clorox is committed to making a positive difference in the communities where its employees work and live. Founded in 1980, The Clorox Company Foundation has awarded cash grants totaling more than $58.3 million to nonprofit organizations, schools and colleges; and in fiscal 2004 alone made product donations valued at $5 million. For more information about Clorox, visit www.TheCloroxCompany.com. |
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