Lodewijk J.R. de Vink elected director of NYNEX Corp.NEW YORK--(BUSINESS WIRE)--July 20, 1995--The board of directors of NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange Corp. today elected Lodewijk J.R. de Vink a director of the corporation. de Vink, 50, is president and 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. of Warner-Lambert Co., one of the world's leading producers of consumer health and personal care, pharmaceutical and confectionary products. Headquartered in Morris Plains, N.J., Warner-Lambert markets such well-known brands as Listerine, Rolaids, Certs, Clorets, Halls, Benadryl, Sudafed, Efferdent, Neosporin, Caladryl, Schick, Wilkinson, Dentyne and Trident to consumers in more than 140 countries worldwide. The company is also the world's largest producer of hard-gelatin capsules and a major manufacturer and marketer of ethical and generic pharmaceuticals. With $6.4 billion in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight and a 43 percent return on shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. in 1994, Warner-Lambert is ranked 80th in market value of the Fortune 500. "Warner-Lambert knows how to market an extraordinary variety of products to consumers in a wide range of countries and cultures," said NYNEX Chairman and Chief Executive Officer Ivan G. Seidenberg. "Lodewijk's experience and guidance will be critical to NYNEX as we set out to satisfy new customers in a global multimedia industry." de Vink attended the Netherlands School of Business and holds a B.B.A. from Washburn University History Washburn University was established in February 1865 as Lincoln College by a charter issued by the State of Kansas and the General Association of Congregational Ministers and Churches of Kansas on land donated by abolitionist John Ritchie. and an M.B.A. from American University American University, at Washington, D.C.; United Methodist; founded by Bishop J. F. Hurst, chartered 1893, opened in 1914. It was at first a graduate school; an undergraduate college was opened in 1925. Programs provide for student research at many government institutions. . He began his career at Schering-Plough Corp., holding positions of increasing responsibility for marketing in Canada, Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the before being named president of Schering International in 1986. He joined Warner-Lambert in 1988 as vice president of international operations, becoming president of that division and then president of U.S. operations. He was elected president and chief operating officer of Warner-Lambert Co. in August 1991. de Vink is chairman of the Pharmaceutical Research and Manufacturers of America Pharmaceutical Research and Manufacturers of America (PhRMA) is an industry trade group representing the pharmaceutical research and biotechnology companies in the United States. and a member of the executive committee of the Pharmaceutical Partners for better Health Care. He is a trustee of the National Foundation for Infectious Diseases and a member of Nijenrode University's international advisory board. He is also a director of Morristown Memorial Hospital in Morristown, N.J., the Friends of Hassenfeld and the National Actors Theatre. NYNEX provides a full range of communications services in the northeastern United States and selected markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, Poland, Slovakia and the Czech Republic. The company has expertise in telecommunications, cable television, directory publishing, video entertainment, and information network and delivery services. CONTACT: NYNEX David Frail, 212/395-0500 |
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