Dow Jones Announces Director Nominations.NEW YORK--(BUSINESS WIRE)--Feb. 10, 1997--Dow Jones & Company announced today that it will nominate seven candidates to stand for election to the company's board of directors at the April 1997 annual meeting of shareholders. Among the nominees are four new candidates: Harvey Golub Harvey Golub is the Chairman of the Board at the Campbell Soup Company as of January 2006. Previous employment
Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the and a member of the Bancroft family The Bancroft family are the former owners of Dow Jones & Company — publishers of inter alia the Wall Street Journal — which is now owned by Rupert Murdoch's News Corporation (NewsCorp). that holds a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance ; Frank N. Newman, chairman and chief executive officer of Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. Company; and William C. Steere, Jr., chairman and chief executive officer of Pfizer Inc. Standing for re-election to the board this year will be David K.P. Li, Jane C. MacElree and James H. Ottaway, Jr. "We are very pleased that the four new candidates, Harvey Golub, Leslie Hill, Frank Newman and Bill Steere, have agreed to join the Dow Jones board," said Peter R. Kann, Dow Jones' chairman and chief executive officer. "They will bring very valuable experience and judgment to our board and to the benefit of the company and its shareholders." Messrs. Golub, Newman and Steere will succeed Donald E. Petersen, Warren H. Phillips and Richard C. Wood, all of whom will retire from the board, having reached the mandatory retirement A mandatory retirement age is the age at which persons who hold certain jobs or offices are required by statute to step down, or retire. Typically, mandatory retirement ages are justified by the argument that certain occupations are either too dangerous (military personnel) age. Ms. Hill will succeed her cousin, Martha Robes, who is retiring from the board after 16 years of service. In addition, Carlos Salinas de Gortari Salinas de Gortari can refer to:
"Dow Jones is very grateful for the dedicated and valuable service of the directors who will be leaving the board," said Mr. Kann. "We thank them for their contributions to the company over the years." Harvey Golub joined American Express in 1984 as president and chief executive officer of IDS Financial Services, now known as American Express Financial Advisors. He was elected chief executive officer of American Express in January 1993 and became chairman later that year. Before joining IDS, Mr. Golub was a senior partner with McKinsey & Co. He serves on the board of directors of Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. . Frank Newman joined Bankers Trust in 1995 and became chief executive officer and then chairman in 1996. He previously served as deputy secretary of the Treasury, the number two position in that Department, where he played a key role in the formation and execution of Treasury programs and in overall management of the Department. Before joining Treasury, Mr. Newman was vice chairman and chief financial officer of BankAmerica Corporation. William C. Steere, Jr. joined Pfizer in 1959 and moved through a series of marketing and management positions to become president of Pfizer Pharmaceuticals Group in 1986. He was elected chief executive officer of Pfizer in 1991 and chairman the following year. Mr. Steere serves on the boards of the Federal Reserve Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. and Texaco Inc. Leslie Hill, a member of the Bancroft family which holds a controlling interest in Dow Jones, has been a pilot for American Airlines since 1987. She presently flies as First Officer on the Boeing 727. Before joining American Airlines she worked for several other aviation companies and as a journalist on Dow Jones publications. The four new nominees and the three candidates for re-election will join the following incumbent directors on the board: Rand V. Araskog, Christopher Bancroft, Kenneth L. Burenga, William C. Cox, Jr., Irvine O. Hockaday, Jr., Vernon E. Jordan, Jr., Peter R. Kann, and James Q. Riordan. Dow Jones & Company publishes The Wall Street Journal and its international editions, The Wall Street Journal Interactive Edition, Barron's magazine and other periodicals, electronic business information services See Information Systems. and the Ottaway group of community newspapers. Electronic information services include Dow Jones Telerate, a provider of real-time financial information to the international business community; Dow Jones News Service and other business newswires; and Dow Jones Interactive Publishing, which provides business information to corporations and consumers by computer, telephone, facsimile and radio. Dow Jones also produces business television programming in the U.S. and abroad. CONTACT: Dow Jones & Company Inc. Roger May, 212/416-2601 |
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