Rockwell International Becomes Rockwell Automation.Business Editors MILWAUKEE--(BUSINESS WIRE)--July 2, 2001 Company's focus on automation addresses productivity issues facing manufacturers worldwide With the opening of today's trading, Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. Corporation becomes Rockwell Automation (NYSE NYSE See: New York Stock Exchange : ROK), a stand-alone $4.3 billion company focused on meeting the growing technology and service needs of manufacturing companies worldwide. This change reflects Rockwell Automation's focus on automation and its spin off of Rockwell Collins, a leader in aviation electronics and communications, which begins trading today on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE) as a separate entity under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : COL. Rockwell Automation shareowners of record, as of June 15, 2001, received one share of Rockwell Collins stock for each share of Rockwell International stock held on the record date. "As a leading global provider of power, control and information solutions, Rockwell Automation addresses customer needs to reduce time to market, optimize asset utilization and improve plant productivity," said Don H. Davis, Rockwell Automation chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Rockwell Automation is continuing to expand its scope of products, services and solutions, and to invest in promising growth areas of automation. The recently formed Global Manufacturing Solutions (GMS GMS Greater Mekong Subregion GMS Global Mobile (Communications) System GMS Guild Management System GMS General Medical Services GMS Global Management System (Sonicwall) GMS GroupWise Mobile Server ) business unit will be a focal point focal point n. See focus. of Rockwell Automation's growth strategy. GMS will provide total cost of ownership solutions in the areas of asset management, plant integration management and engineering consulting services to help manufacturers optimize plant and equipment performance. "Companies today are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. overall solutions to improve their business processes," said Davis. "With more than a century of experience, Rockwell Automation has a deep understanding of manufacturing processes and how to optimize performance by managing information on the plant floor and integrating that information intelligently with business systems. Our consulting, engineering and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services will help companies implement solutions that maximize their operating potential and strategic flexibility." Joining Davis is a seasoned management team. Keith Nosbusch continues as president of the Control Systems operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Rockwell Automation, including its Allen-Bradley, Rockwell Software, and Global Manufacturing Solutions brands. Joe Swann continues as president of the Power Systems operating unit and its Dodge and Reliance Electric brands. Rockwell Automation will also include Rockwell Electronic Commerce, a global provider of Internet-based customer contact management technologies. Rockwell Electronic Commerce will continue to be led by Terry Murphy as president. Rockwell Automation will also share ownership with Rockwell Collins of the Rockwell Scientific Company, a leader in advanced technologies in electronics, imaging, optics, materials science, and information technology. Rockwell Automation is a $4.3 billion world-leading provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Dodge(R) mechanical power transmission products, Reliance Electric(TM) motors and drives, Allen-Bradley(R) controls and engineered services and Rockwell Software(R) factory management software. The company also is a leading provider of contact management technologies and applications that help companies more efficiently manage interaction with their own customers. Headquartered in Milwaukee, Wis., USA, the company employs approximately 25,000 people at more than 450 locations serving customers in more than 80 countries. |
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