OMC ANNOUNCES MANAGEMENT CHANGES
OMC ANNOUNCES MANAGEMENT CHANGES WAUKEGAN, Ill., Sept. 2 /PRNewswire/ -- Outboard Marine Corp.
(NYSE: OM) (OMC) today announced the election of a new director to its board, as well as several changes in the company's senior management ranks.
OMC said Harry A. Shaw III was elected a member of the company's board of directors. Shaw, 55, is chairman and chief executive officer of Dayton, Ohio-based Huffy Corp., a publicly held, major manufacturer and distributor of bicycles, other consumer products and retail services. Shaw has served Huffy Corp. in progressively more senior positions for the past 23 years. His background is in marketing and sales. He replaces Robert C. Ernest, who died last month. Robert D. Randolph, executive vice president of the corporation, also was elected chief operating officer of OMC. In his new position, Randolph will manage all of the company's operating groups, including its U.S. marine power and boat groups as well as its international and boat rental operations. Randolph, 57, joined OMC in 1984 as director of manufacturing. He was elected a vice president of the corporation in 1986 and executive vice president in 1990. Prior to joining OMC, his background included 25 years of manufacturing experience in the automotive industry. OMC's board also elected Christopher R. Sachs, 40, treasurer of the corporation. Sachs had been assistant treasurer of OMC since mid-1991 and joined the company as director of taxes in 1984. Earlier, he served in the tax practice of Arthur Andersen & Co. OMC also said that Michael T. Cantwell, vice president and chief financial officer, left the company on Sept. 1 to pursue other interests. Outboard Marine Corp. is a leading international marketer of marine engines, boats, accessories and services. -0- 9/2/92 /CONTACT: Ronald Kuykendall, manager-corporate communications of OMC, 708-689-5642/ (OM) CO: Outboard Marine Corp. ST: Illinois IN: LEI SU: PER
SH -- NY025 -- 5830 09/02/92 10:28 EDT
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|Date:||Sep 2, 1992|
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