William J. Avery Elected to LNC Board.Business Editors PHILADELPHIA--(BUSINESS WIRE)--May 9, 2002 Lincoln National Corporation Lincoln National Corporation (NYSE: LNC) is a holding company, which operates multiple insurance and investment management businesses through subsidiary companies. LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices (NYSE NYSE See: New York Stock Exchange :LNC LNC Legal Nurse Consultant LNC Libertarian National Committee LNC Low Noise Converter LNC Lloyd Noble Center (University of Oklahoma, Norman campus) LNC Local Node Clock LNC Chief Legalman (Naval Rating) ), the parent company of the Lincoln Financial Group of companies, announced that William J. Avery, retired chief executive officer and chairman of the board of Crown Cork & Seal in Philadelphia, Pennsylvania was elected to its board of directors at the annual shareholder meeting. Mr. Avery, 61, retired from Crown Cork & Seal, a leading manufacturer of packaging products for consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , where he served in many roles, ultimately retiring as chief executive officer and chairman of the board in 2001. Mr. Avery began his career with Crown Cork & Seal in 1959 as a management trainee and continued on to hold other positions of increasing responsibility throughout the organization. In 1989, Mr. Avery was named chief executive officer and a year later elected chairman of the board. Under Mr. Avery's leadership, the corporation grew dramatically through a series of acquisitions including the acquisition of the largest packaging company in Europe, CarnaudMetalbox, making Crown Cork & Seal one of the world's premier packaging companies. "We are very pleased to welcome Bill to our board. He is greatly respected throughout the business community for his strong leadership, vast expertise in management issues and in mergers and acquisitions," said Jon A. Boscia, chairman and chief executive officer of Lincoln Financial Group. Mr. Avery is chairman of the Franklin Institute, vice chair of Fox Chase Cancer Center The Fox Chase Cancer Center is a medical research facility and hospital located in the northeast section of Philadelphia, Pennsylvania, United States. The Center is an independent, non-profit institution which specializes in the treatment and prevention of cancer. and a board member of Rohm and Haas Rohm and Haas Company (NYSE: ROH), a Philadelphia, Pennsylvania based company, manufactures miscellaneous materials. A Fortune 500 Company, Rohm and Haas employs more than 17,000 people in 27 countries. The annual sales revenue of Rohm and Haas stands at about USD 8.2 billion. Company, Gwynedd Mercy College, Connelly Foundation, National Constitution Center, Historic Philadelphia, Inc. and the Regional Performing Arts Center A performing arts center, often abbreviated PAC, is a multi-use performance space that can be adapted for use by various types of the performing arts, including dance, music and theatre. . Mr. Avery and his wife, Sharon, reside in Gwynedd Valley, Pennsylvania. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in Philadelphia, Lincoln Financial Group has consolidated assets of nearly $98 billion and had annual consolidated revenues of $6.4 billion in 2001. Through its wealth accumulation and protection businesses, the company provides annuities, life insurance, 401(k) plans, mutual funds, managed accounts, institutional investment and financial planning and advisory services. |
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