Printer Friendly

HOLCOMBE RESUMES POSITION AS IMO CEO

 LAWRENCEVILLE, N.J., Dec. 18 /PRNewswire/ -- The board of directors of Imo Industries Inc. (NYSE: IMD) announced today that Robert R. Womack, vice chairman and CEO, and Thomas J. Flaherty, president, have left the company to pursue other interests.
 Womack also resigned from the board. The board reappointed W.J. Holcombe, chairman of the board, to the additional positions of chief executive officer and president, thereby suspending his retirement from active service.
 At the same time, Stephen F. Agocs, formerly executive vice president, with 40 years of prior service, also suspended his retirement and was reappointed as executive vice president. He will retain his board membership.
 The board reaffirmed its commitment to the company's previously announced asset divestiture and redeployment program.
 Imo, with 1991 sales of $1 billion, supplies analytical instruments, electronic and mechanical controls, engineered power products and their support services to industrial and defense customers worldwide.
 /delval/
 -0- 12/18/92
 /CONTACT: Paul B. Lazovick, director of Investor Relations for Imo Industries, 609-896-7615/
 (IMD_


CO: Imo Industries Inc. ST: New Jersey IN: SU: ERN

MK -- PH006 -- 8090 12/18/92 09:43 EST
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:Dec 18, 1992
Words:185
Previous Article:DIGICON ANNOUNCES OFFER OF COMMON STOCK
Next Article:BUCKEYE CROSSBUCK SIGN IMPROVES DRIVER VISIBILITY AT CONRAIL'S RAILROAD CROSSINGS IN OHIO
Topics:


Related Articles
IMO MANAGEMENT SUCCESSION IMPLEMENTED; SHAREHOLDERS RE-ELECT DIRECTORS
IMO INDUSTRIES DECLARES REGULAR SECOND QUARTER DIVIDEND
IMO NAMES BIRD SENIOR VICE PRESIDENT, GENERAL COUNSEL
IMO NAMES WILLIAM M. BROWN CHIEF FINANCIAL OFFICER
IMO INDUSTRIES REPORTS SECOND QUARTER 1992 RESULTS
IMO NAMES PAT N. THURMAN VICE PRESIDENT AND GENERAL MANAGER OF VARO'S OPTICAL SYSTEMS DIVISION
IMO INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR 1992 RESULTS
IMO NAMES DONALD K. FARRAR PRESIDENT AND CHIEF EXECUTIVE OFFICER
IMO INDUSTRIES ELECTS DONALD K. FARRAR CHAIRMAN OF THE BOARD
IMO SELLS ANALYTICAL INSTRUMENTS DIVISION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters