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CORE INDUSTRIES INC ANNOUNCES VICE PRESIDENT-FINANCE AND CHIEF FINANCIAL OFFICER

 BLOOMFIELD HILLS, Mich., June 16 /PRNewswire/ -- Core Industries Inc (NYSE: CRI) announced that Raymond H. Steben Jr. has joined Core as its vice president-Finance and chief financial officer.
 Formerly vice president-Finance and chief financial officer of Bundy Corporation, a Warren, Mich.-based automotive component supplier, Steben's experience includes senior positions in consulting and operations with McKinsey & Co., Cummins Engine, start-up firms, and most recently Multi Financial Services, a financial consulting firm.
 Steben earned an MBA from the Wharton School of Finance, University of Pennsylvania and a BS from Iowa State University. In addition, Steben is a Certified Public Accountant.
 David R. Zimmer, president and chief executive officer of Core, said, "Mr. Steben has a much broader background than the traditional chief financial officer. His varied experiences will provide valuable insight towards moving Core forward as we focus on increasing shareholder value." Core was restructured last year after Zimmer joined the company and since then has had good earnings performance. Third quarter earnings will be announced next week.
 Core Industries Inc manufactures specialty products for three segments: Electronics, Farm Equipment, and Fluid Controls and Construction Products.
 -0- 6/16/93
 /CONTACT: Lawrence J. Murphy of Core Industries Inc, 313-642-3400/
 (CRI)


CO: Core Industries Inc ST: Michigan IN: SU: PER

KE -- DE006 -- 2515 06/16/93 09:57 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
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