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IMO MANAGEMENT SUCCESSION IMPLEMENTED; SHAREHOLDERS RE-ELECT DIRECTORS

 IMO MANAGEMENT SUCCESSION IMPLEMENTED;
 SHAREHOLDERS RE-ELECT DIRECTORS
 LAWRENCEVILLE, N.J., May 5 /PRNewswire/ -- At the sixth Annual Meeting of Shareholders of Imo Industries Inc. (NYSE: IMD) today, W.J. Holcombe, Imo chairman, announced that the company's board of directors had approved several senior-level appointments under the company's management succession plan.
 "While I look forward to continuing to serve Imo as chairman of its board of directors, I will be stepping aside as chief executive officer," Holcombe said. "That responsibility will now be discharged by my colleague Bob Womack, who will also fill a new position as vice chairman of the board. Thomas J. Flaherty, a man with abundant experience in the operating and technology areas of industry, succeeds Bob Womack as president and chief operating officer. We have been building this succession plan for some time, and these changes have been designed to ensure the smooth evolution of our management effort."
 At the annual meeting, the shareholders re-elected Holcombe, Womack and Stephen F. Agocs to the board of directors, and approved Ernst & Young as the company's auditors for the 1992 fiscal year.
 Holcombe, 66, continuing as chairman of the board, has served the company in that capacity and as CEO since returning to Imo in 1986 prior to its becoming a public company.
 Womack, 54, now vice chairman of the board and chief executive officer, joined Imo as its president and chief operating officer in August 1990, having served in similar capacities at Ranco Incorporated.
 Flaherty, 54, joins Imo as its president and chief operating officer from privately held Transnational Industries. Prior to that he was executive vice president of the Hamilton Standard Division of United Technologies Corporation, a $1 billion producer of electronic jet engine fuel controls and flight systems, aircraft environmental control systems and propellers. Flaherty also served in a variety of senior management positions at the Pratt & Whitney Division of United Technologies Corporation, having joined that company in 1977 from Combustion Engineering. He earned a BSME degree from Notre Dame University.
 Imo, with 1991 sales of $1 billion, supplies analytical and optical instruments, electronic and mechanical controls, engineered power products and their support services to industrial and defense customers worldwide.
 /delval/
 -0- 5/5/92
 /CONTACT: Paul B. Lazovick, director of Investor Relations for Imo Industries, 609-896-7615/ CO: Imo Industries Inc. ST: New Jersey IN: SU: PER


JS -- PH006 -- 6470 05/05/92 10:54 EDT
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Publication:PR Newswire
Date:May 5, 1992
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