General Signal reorganizes business units.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. , Conn.--(BUSINESS WIRE)--Nov. 30, 1995--General Signal Corporation announced today that effective January January: see month. 1, 1996, it is realigning its operations to combine businesses serving similar customers and focus management on value- creation opportunities within these businesses. GS Electrical Power Systems Group and GS Building Systems Corporation are being eliminated as units and restructured into three new units: o GS Electrical Group o Edwards Systems Technology (EST EST electroshock therapy. EST abbr. electroshock therapy ); and o Waukesha Electric. GS Electrical Group will comprise the four General Signal businesses serving the electrical, electronic, and industrial wholesaler: o O-Z/Gedney electrical fittings o Sola/Hevi-Duty industrial products, which include power conditioning, DC power supplies, low-voltage general purpose and control transformers, and uninterruptible power supplies sold through distributors. o Signaling equipment o Dual-Lite emergency lighting equipment. Michael J. Cheshire, previously president of GS Electrical Power Systems Group, will be president of this new unit. Edwards Systems Technology (EST) will comprise General Signal's fire alarm product, systems, and service businesses. Timothy J. Mellen, previously president of GS Building Systems Corporation, will be president of Edwards Systems Technology. John Wagner John Wagner is a comics writer who was born in Pennsylvania in 1949 and moved to Scotland as a boy. Alongside Pat Mills, Wagner was responsible for revitalising British boys' comics in the 1970s, and has continued to be a leading light in British comics ever since. , currently president and chief executive officer of the Waukesha Electric operation, becomes president of the Waukesha Electric unit, which incorporates medium power transformer transformer, electrical device used to transfer an alternating current or voltage from one electric circuit to another by means of electromagnetic induction. and transformer remanufacturing and decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
Stock Equipment Company, which manufactures coal feeder feeder abbreviation for self-feeders. Used in feeding groups of animals at intervals of several days. Feed has to be dry and comminuted so that it will run down the spouts from the hopper into the troughs. equipment for electric utilities, and Kayex, which makes crystal growing furnaces for the semiconductor industry, both previously part of General Signal's Lightnin unit, will become stand-alone units within the Process Controls sector. In announcing the reorganization, General Signal Chairman and Chief Executive Officer Michael D. Lockhart said: "Mike Cheshire will focus on improving O-Z/Gedney's operations and developing a strategy that leverages four good businesses in the wholesaler channel. Tim Mellen will focus on realizing the full potential of the exciting new products in the life safety area. John Wagner must successfully integrate our Goldsboro and Waukesha operations as the business capitalizes on current strength in the transformer market. The change in Lightnin's organization will allow Horst Engelbrecht to explore Lightnin's market opportunities outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and new domestic market segments." General Signal Corporation, with estimated 1995 sales of $1.86 billion, is a leading equipment manufacturer for the process control, electrical, and industrial technology industries. CONTACT: Nino J. Fernandez Vice President-Investor Relations 203/328-4100 |
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