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NATIONAL GYPSUM CEO RESIGNS

 CHARLOTTE, N.C., Sept. 30 /PRNewswire/ -- National Gypsum Company's (NASDAQ-NMS: NGCO) board of directors announced today with regret the resignation of its chairman and chief executive officer, Peter C. Browning, effective Oct. 31, 1993. Browning served as chairman and chief executive officer since 1990, having joined the company in 1989. Browning has accepted other employment in the packaging and container industry where he spent the majority of his career.
 The board of directors also announced that it has formed a committee to commence immediately an expedited search for a replacement for Browning and to oversee the affairs of the company on an interim basis. Richard Masson, managing director of TCW Asset Management Company and a member of the National Gypsum board of directors, will serve as chairman of this committee. Autino O. Maraia, senior vice president-sales and marketing, will serve temporarily as interim operating officer.
 National Gypsum Company is the nation's second largest manufacturer and distributor of gypsum wallboard and related products.
 -0- 9/30/93
 /CONTACT: Allan V. Cecil, vice president-corporate communications and investor relations, of National Gypsum, 704-365-7227/
 (NGCO)


CO: National Gypsum Company ST: North Carolina IN: CST SU: PER

SB -- CH010 -- 7473 09/30/93 16:33 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:201
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