Printer Friendly

DURACELL INTERNATIONAL NAMES TWO TO BOARD OF DIRECTORS

 DURACELL INTERNATIONAL NAMES TWO TO BOARD OF DIRECTORS
 BETHEL, Conn., June 12 /PRNewswire/ -- C. Robert Kidder, chairman and chief executive officer of Duracell International Inc. (NYSE: DUR) today announced that Paul E. Raether and Scott M. Stuart have been named to the company's board of directors.
 Both Raether and Stuart are with Kohlberg Kravis Roberts & Co. (KKR), the New York-based investment banking firm. Partnerships affiliated with KKR hold the majority of Duracell International shares. Raether has been with KKR since 1980 and a general partner since 1986. Stuart is an executive at KKR, having joined the firm in 1986.
 Concurrent with these appointments, Kidder announced that Kevin A. Bousquette has resigned as a member of the board of directors.
 With the recent election to the board of Gustavo A. Cisneros, chairman and chief executive officer of the Venezuelan-based Organizacion Cisneros, the appointment of Raether and Stuart to the board brings the number of Duracell directors to nine.
 Duracell International Inc. is the world's leading manufacturer and marketer of consumer alkaline batteries, which it sells primarily under the DURACELL brand name. The company was taken private by Kohlberg Kravis Roberts and Co. and senior management in a leveraged buyout in June, 1988 and subsequently offered shares of its common stock to the public in May, 1991 and again in October, 1991.
 -0- 6/12/92
 /CONTACT: Jim Donahue of Duracell, 203-796-4654/
 (DUR) CO: Duracell International Inc. ST: Connecticut IN: HOU SU: PER


TS -- NY044 -- 9663 06/12/92 12:20 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 12, 1992
Words:250
Previous Article:TRANSTECHNOLOGY ANNOUNCES FOURTH QUARTER EARNINGS
Next Article:BAXTER TO SPIN OFF ITS ALTERNATE-SITE BUSINESSES TO SHAREHOLDERS
Topics:


Related Articles
DURACELL INTERNATIONAL APPOINTS WALTER ROGERS VICE PRESIDENT, INVESTOR RELATIONS
DURACELL INTERNATIONAL NAMES PERRIN PRESIDENT AND CHIEF OPERATING OFFICER
DURACELL INTERNATIONAL NAMES NEW PRESIDENT FOR DURACELL EUROPE
AT&T'S KAVNER ELECTED A DIRECTOR OF DURACELL INTERNATIONAL, INC.
CHARLES R. PERRIN TO BECOME CHIEF EXECUTIVE OFFICER AT DURACELL INTERNATIONAL INC.; C.R. KIDDER TO REMAIN CHAIRMAN
PAULA STERN ELECTED A DIRECTOR OF DURACELL INTERNATIONAL INC.
CHARLES R. PERRIN NAMED CHAIRMAN OF DURACELL INTERNATIONAL; CHARLES E. KIERNAN NAMED PRESIDENT & CHIEF OPERATING OFFICER
DURACELL NAMES STEVEN G. STAVES PRESIDENT OF ITS INTERNATIONAL DEVELOPMENT MARKETS DIVISION
EARNEST J. EDWARDS ELECTED A DIRECTOR OF DURACELL INTERNATIONAL INC.
WILLIAM S. SHANAHAN ELECTED A DIRECTOR OF DURACELL INTERNATIONAL INC.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters