KELLER NAMED TO BOARD OF DIRECTORS OF MONK-AUSTIN, INC.
FARMVILLE, N.C., Dec. 28 /PRNewswire/ -- Thomas F. Keller, Ph.D., dean of the Fuqua School of Business at Duke University, has been named to the board of directors of Monk-Austin, Inc., (NYSE: MK) the world's fourth-largest independent leaf tobacco merchant and processor. Keller's appointment as the company's first outside director was announced by William C. Monk, chairman of the company. This action marks a first for the century-old company, which in November made its initial public stock offering. "We are pleased to have a man of Tom Keller's stature and expertise on our board. His knowledge of business and experience on other boards throughout the country will contribute greatly to our successful transition from private to public," said Monk. In addition to his position as dean, Keller also serves as chairman of the Department of Management Science and R.J. Reynolds Professor of Business Administration. A certified public accountant, Keller is former editor of "The Accounting Review," has been a contributing author to numerous journals and has co-authored textbooks used in accounting and financial accounting theory. He served as an auditor with the Army Audit Agency of the U.S. Army, was vice president of the American Accounting Association and served many summers as a faculty fellow with Price Waterhouse and Company in its New York research department. A consultant to industry and government in areas of financial reporting and asset and liability valuation, Keller currently serves on the boards of the Mebane Packaging Corporation; LADD Furniture, Inc.; Mentor Growth Fund; Nations Funds, Inc; Hatteras Income Securities, Inc.; Wendy's International, Inc.; and American Business Products, Inc. He is chairman of the Research Triangle World Trade Center and is a trustee of the Cambridge Series Trust. He has also been on the boards of directors for Pennwalt Corporation; Liggett Group; Biomedical Reference Laboratories, Inc.; Health Care Systems, Inc.; American Assembly of Collegiate Schools of Business; Siecor Corporation Planning Board and the North Carolina Small Business and Technology Development Center. A native of Greenwood, S.C., Keller received an A.B. degree from Duke University and MBA and Ph.D. from the University of Michigan, where he also taught before joining the Duke faculty in 1959. Monk-Austin, Inc. traded on the New York Stock Exchange under the symbol "MK," buys and processes leaf tobacco world-wide and sells processed tobacco to manufacturers of cigarettes and other consumer products. The company has operations in major tobacco-growing and processing centers around the world. -0- 12/28/92 /CONTACT: Kim Doran of James A. Fyock & Associates, 919-659-8440, for Monk-Austin/ (MK)
CO: Monk-Austin, Inc. ST: North Carolina IN: TOB SU: PER
SB-MM -- CH001 -- 0086 12/28/92 13:36 EST
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|Date:||Dec 28, 1992|
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