GPU, Inc. Board Elects a New Director.MORRISTOWN, N.J.--(BUSINESS WIRE)--Aug. 5, 1999-- The Board of Directors of GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. , Inc. (NYSE NYSE See: New York Stock Exchange : GPU) today elected Kenneth L. Wolfe a director to the GPU, Inc. Board effective September 1, 1999. Mr. Wolfe is chairman and chief executive officer of Hershey Foods Corporation. "Board members of Mr. Wolfe's caliber and expertise are essential to the vitality and future of our company," said Fred D. Hafer, GPU, Inc. chairman, president and chief executive officer. "We are very pleased Mr. Wolfe is joining us and we look forward to working with him as we lead GPU into the next millennium." Kenneth Wolfe became chairman and chief executive officer of Hershey Foods Corporation in 1994. Prior to this position he was appointed president and COO in 1985; elected to the corporation's board in 1984; appointed senior vice president, finance and chief financial officer in 1984 and vice president, finance and chief financial officer in 1981. He joined Hershey Foods in 1967. Prior to joining Hershey, Mr. Wolfe served in the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. and worked for Bankers Trust Company, New York. Currently a director of Hershey Trust Company Hershey Trust Company was created in 1905, as Milton S. Hershey was organizing to create the Milton Hershey School. In 1909, when he founded the school, Hershey appointed the Trust as administrator of the school trust. and a member of the Board of Managers of the Milton S. Hershey Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American businessman and philanthropist. He is famous for founding The Hershey Chocolate Company and the "company town" of Hershey, Pennsylvania. School and the M.S. Hershey Foundation, he also serves on the boards of directors of Bausch & Lomb Incorporated and Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. . Additionally, he is a board member of the Pennsylvania Chamber of Business and Industry, a member of Penn State's Hershey Medical Center Board of Visitors and serves as vice chairman for both the Grocery Manufacturers of America, Inc. and the Pennsylvania Business Roundtable. A native of Lebanon, Pennsylvania, Mr. Wolfe holds a Bachelor's degree from Yale University and a Master of Business Administration degree in finance from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . GPU, Inc. (NYSE:GPU), headquartered in Morristown, NJ, is a registered utility holding company providing utility and utility related services to customers throughout the world. GPU's electric and gas utility companies -- GPU Energy, Midlands Electricity, GPU PowerNet, GPU GasNet and Emdersa -- serve nearly 6 million customers in the United States, the UK, Australia and Argentina. The company's IPP (Internet Printing Protocol) A protocol for printing and managing print jobs over the Internet using HTTP. Initially conceived by Novell, Xerox and others, the IETF made it a standard in 2000 that includes authentication and encryption. See printing protocol and LPD. units own and operate 22 projects in 7 countries and the United States. GPU's 1998 revenues were $ 4.3 billion and its total assets were $16.3 billion. GPU's other subsidiaries include GPU Advanced Resources, Inc., GPU Generation Inc., GPU Nuclear, Inc., GPU Service, Inc. and GPU Telcom Services, Inc. (http://www.gpu.com) |
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