Crompton & Knowles Names Marsden Senior VP, Strategy & Development and Names Barna Chief Financial Officer.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , CT--(BUSINESS WIRE)--May 4, 1999-- Crompton & Knowles Corporation (NYSE NYSE See: New York Stock Exchange : CNK CNK Crash Nitro Kart (Playstation 2 video game) CNK Coated Natural Kraft (MeadWestvaco paperboard) CNK Compute Node Kernel CNK Cryptonet Key ) announced today that Charles J. Marsden has been named senior vice president, Strategy & Development. In this newly created position, he will be responsible for acquisitions, joint ventures and other growth opportunities. Mr. Marsden had been senior vice president and chief financial officer. "This will allow Mr. Marsden to focus all of his efforts on the pursuit of ventures that will accelerate future growth and build shareholder value," said Vincent A. Calarco, chairman, president and chief executive officer. Peter Barna, vice president, Finance, has been named chief financial officer. Both report to Mr. Calarco. Mr. Marsden, who is a member of the company's board of directors, joined Crompton & Knowles in 1985 as vice president, Finance and chief financial officer. He had previously held various senior financial positions with W.R. Grace & Co., The Grand Union Company and Pan American World Airways Pan American World Airways, commonly known as Pan Am, was the principal international airline of the United States from the 1930s until its collapse in 1991. Founded as a seaplane service out of Key West, Florida, the airline became a major company credited with many . Mr. Barna joined the company in 1974 as corporate accounting manager. He progressed through a number of financial positions including treasurer and principal accounting officer, and in 1996, he was elected vice president, Finance. Crompton & Knowles is a global producer and marketer of specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , polymers and polymer processing equipment. The company had 1998 revenues of $1.8 billion. |
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