General Signal names new president for EST business unit; Unit to expand services, international markets.
Since 1991, Twombly (50), has been vice president and treasurer of General Signal Corporation. Previously, he was with United Dominion Industries (1973-91), where he held positions as group vice president, financial services; senior vice president, restructuring; and senior vice president and treasurer.
Twombly is vice chairman of the Manufacturers' Alliance, Financial Council One; a member of the Financial Executives Institute, for which he serves on the national committee for corporate finance; and vice chairman of the Forum for World Affairs, based in Stamford, Conn. He has a BA degree in economics from St. Lawrence University, and an MBA in Finance from the Tuck School of Dartmouth College. He and his family live in New Canaan, Conn.
Regarding the appointment, Michael D. Lockhart said, "In Jay Twombly, General Signal has an individual of keen business insight and superior financial acumen. During the past year, Jay has worked very closely with a number of General Signal businesses, supporting their growth and operational effectiveness. His outstanding performance in these endeavors gives us great confidence in his ability to effectively lead EST into the future. Working with his leadership team, Jay will drive the achievement of EST's significant opportunities in fire protection technology and service, in both North America and internationally."
Twombly added, "I am pleased to join a business which has EST's outstanding reputation for quality fire protection products and excellent service to its distributors and OEMs. I look forward to continuing what have been very successful relationships with these key customers, while also significantly expanding our service capabilities and international presence, especially throughout Southeast Asia."
Twombly has created an office of the president organizational structure to support EST's initiatives. The purpose is to fully integrate the key business functions of new product development, sales, marketing and service, enhance operational effectiveness, and fully leverage the strengths and expertise of key managers who are critical to EST's success. This will help ensure a clear focus on the customer and speed the product development cycle.
Operating as a member of the office of the president is Timothy J. Mellen (48), executive vice president, service. EST expects to double its service business in low-voltage life safety systems over the next three years, and Mellen will lead this critical initiative. He will also support EST's national accounts and strategic alliance partners.
Larry Costa (46) joins the office of the president as executive vice president, engineering, and U.S. sales and marketing. Costa was a founding partner of the FAST fire alarm company, which was purchased by General Signal in 1992. In his new role, Costa will continue to be the primary technology advisor for EST, and will oversee all US sales and marketing initiatives from his base at EST's Sarasota, Fla., facility.
General Signal Corporation, with anticipated 1996 sales of more than $2 billion, is a leading manufacturer of quality products serving the process control, electrical control and industrial technology industries throughout the world.
CONTACT: General Signal Corporation, Stamford
Sue Warner, 203/329-4322
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|Date:||Jan 7, 1997|
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