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O&R Board names Richard Struck president of 2 development subsidiaries.

PEARL RIVER, N.Y.--(BUSINESS WIRE)--May 5, 1995--The Orange and Rockland Utilities Inc. Board of Directors has appointed Richard M. Struck president of the corporation's two land development subsidiaries: O&R Development Inc. and Clove Development Inc.

Struck, 48, has served as vice president of both subsidiaries since 1986. He succeeds Victor J. Blanchet Jr., O&R's former president and chief operating officer, in the subsidiary post.

The subsidiaries' holdings include O&R Development's 300 acre Interchange Commerce Center in Harriman, N.Y. and approximately 4,000 acres of Clove Development property in Sullivan County.

Struck's primary role in his new post is to advance the development of the Interchange Commerce Center by aggressively marketing the project to more industrial, office and retail clients. His goal is a successful development of the center's 2.7 million sq. ft. - a success that would result in an estimated 3,000 new jobs and significant tax revenues for local municipalities and school districts. Currently, about 585,000 sq. feet of the ICC is either occupied or under development.

O&R Vice Chairman and Chief Executive Officer D. Louis Peoples said, "Rick Struck's expertise and ingenuity, coupled with his strong ties to the local community and his development experience, make him a natural for this job."

Recently, Struck was responsible for bringing in Amscan Inc., a printer and distributor of party supplies and paper products, as a tenant at ICC's 75,000-sq.-foot spec building. He also successfully led the negotiations that culminated in a decision by Metroplex Distributors, one of the chief suppliers of baked goods to the McDonald's Corp.'s restaurants in the metropolitan area, to build a 150,000-sq.-foot bakery and distribution center on the ICC site.

He is currently guiding the KMART Corp. through the site-plan approval process required to construct a new 230,000 sq-foot shopping complex at the ICC.

Struck, who joined O&R in 1983, assumes his new title in addition to his duties as the utility's director of Area Development, where he has been instrumental in bringing in over 40 new major customers to O&R's service territory, providing over 5,000 jobs to the local economy and over $150 million in electric and gas revenue since 1983.

He is a member of the Board of Directors of the Orange County Partnership, the Mid-Hudson Pattern for Progress and the New York Industrial Office Brokers Association.

Before joining O&R, Struck worked for the New York State Economic Development Department in industrial development. A Paterson, N.J. native, Struck holds a B.A. in history from Hartwick College in Oneota, N.Y. He and his wife Jeanne live in Pearl River.

CONTACT: The Orange and Rockland Utilities Inc.

Michael Donovan, 914/577-2430
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Publication:Business Wire
Date:May 5, 1995
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