Cybex International Elects Three New Outside Directors.Business Editors MEDWAY, Mass.--(BUSINESS WIRE)--July 20, 2000 Cybex International, Inc. (AMEX AMEX See: American Stock Exchange : CYB CYB Canada Year Book (Historical Collection) CYB Cayman Brac Island, Cayman Islands (Airport Code) CYB Cover Your Butt CYB Carlsbad Youth Baseball (Carlsbad, California) ), a leading exercise equipment manufacturer, announced today that William E. Mahoney, Darrell S. Ross and David D. Fleming have been elected directors of the company, expanding board membership to ten. Mahoney, 68, is retired vice chairman, 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. and a director of Witco Corporation, a global manufacturer of chemical and petroleum specialty products with sales in excess of $2 billion. He is also a director of J. M. Huber Corporation, a large privately held chemicals and natural resources company, and is on the faculty of the University of Massachusetts The system includes UMass Amherst, UMass Boston, UMass Dartmouth (affiliated with Cape Cod Community College), UMass Lowell, and the UMass Medical School. It also has an online school called UMassOnline. , where he was the recipient of the Chancellor's Medal for extraordinary service to industry and the university. Ross, 53, is president and chief executive officer of Ross-Simons, a family business begun in 1952 that has grown into one of the largest value-priced U.S. retailers of fine jewelry, silverware, china, crystal, collectibles and home decor items. Since joining the business in 1974, Ross has added catalog merchandising, outlet stores, additional branch stores and a vibrant Internet site to the company's successful retailing operations. He is a magna cum laude graduate of Yale College and holds a law degree from Harvard Law School Harvard Law School (colloquially, Harvard Law or HLS) is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, Harvard Law is considered one of the most prestigious law schools in the United States. , also magna cum laude. Fleming, 52, is group senior vice president, member of the chairman's office and a corporate officer of Genzyme Corporation, with responsibility for Genzyme's diagnostic products businesses worldwide. Genzyme, a leading biotechnology company, provides healthcare products and services to profoundly improve the lives of patients worldwide. Prior to joining Genzyme, Fleming served in a variety of general management, sales and marketing positions with Baxter International. He is vice chairman of both New England Baptist Hospital New England Baptist Hospital (NEBH) is a 141-bed adult medical/surgical hospital in Boston, Massachusetts specializing in orthopedic care and complex orthopedic procedures. NEBH is an international leader in the treatment of all forms of musculoskeletal disorders and disease. and the Massachusetts Technology Park Corporation. He is co-founder of HealthPoint, a CareGroup Fitness and Wellness Center, and is a member of the board of directors of the Advanced Medical Technology Association in Washington, D.C. Peter Haines, president and 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. of Cybex, said, "We look forward to the contributions these outstanding new directors will make to help realize our ambitious goals for Cybex." Cybex International, Inc. is a leading manufacturer of premium performance cardiovascular and strength training equipment for consumer and commercial use. Cybex and the Cybex Institute, a training and research facility, are dedicated to improving human performance based on an understanding of the diverse goals and needs of individuals of varying physical capabilities. Cybex designs and engineers each of its products and programs to reflect the natural movement of the human body, allowing for variation in training and assisting each unique user-- from the professional athlete to the rehabilitation patient-- to improve their daily human performance. For more information on Cybex and its product line, please visit the company's web site at www.eCybex.com. This news release may contain forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made above. These include, but are not limited to, competitive factors, technological and product developments, market demand, and uncertainties relating to the consolidation of the merged and acquired companies' businesses. Further information on these and other factors which could affect the Company's financial results can be found in the Company's previously filed Reports on 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 December 31, 1999, its Form 10-Q Form 10-Q See 10-Q. for the period ending March 31, 2000, and its proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. dated April 18, 2000. |
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