SL Industries Inc. Names Alan Pelan President of Its SL Montevideo Technology Inc. Subsidiary.MT. LAUREL, N.J.--(BUSINESS WIRE)--July 30, 1999-- SL Industries Inc. (NYSE NYSE See: New York Stock Exchange :SL) (PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). :SL) Friday announced that Alan Pelan has been named to the position of president, SL Montevideo Technology Inc. ("SL-MTI"), a wholly-owned subsidiary of SL based in Montevideo, Minn. Pelan replaces Jim Folk, who resigned as president of SL-MTI in March of 1999. Pelan joins SL-MTI after working for Invensys PLC since 1990. Most recently, he was president of Fractional Horsepower Motors in the AC Motors/Blowers Division of Fasco Motors, and before that he served as president of Airflow Co., Fredrick, Md.; Harowe Servo An electromechanical device that uses feedback to provide precise starts and stops for such functions as the motors on a tape drive or the moving of an access arm on a disk. Controls Inc., Westchester, Pa.; and Haskon Corp., Taunton, Mass., all of which are operating units 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 Invensys PLC. "With his strong general management experience in motors and motor systems in both the commercial and aerospace markets, Alan Pelan is ideally suited to lead our continued efforts to grow SL-MTI. We expect Alan to make a significant contribution to SL and SL-MTI's continued success in designer manufacture of high-quality motion systems for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in both the aerospace and commercial markets," said Owen Farren, president and chief executive officer of SL Industries. Pelan received a B.S. in accounting from Clark University Clark University, at Worcester, Mass.; coeducational; chartered 1887, opened as a graduate school 1889. It was the second graduate school to be formed in the United States. Its undergraduate college (est. 1902) was integrated with the university in 1920. in 1969, and an M.B.A. in management from Bryant College in 1977. SL Industries designs, manufactures and markets Power and Data Quality equipment and systems for industrial, medical, aerospace and consumer applications. For more information about SL Industries and its products, visit the company's Web site at www.slpdq.com. |
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