New directors, new opportunities.
Lindsay Edward Fox purchased his first truck at the age of 16. Today, the Linfox Group, of which he is chairman, is one of the largest trucking and warehousing groups in Australia, with annual revenues in excess of $400 million and a fleet of more than 3,500 vehicles. And earlier this year he became the newest member of the board of Morrison Knudsen Corp. "Lindsay Fox has distinguished himself both in business and community affairs in an area of the world where we see vast potential for MK," said chairman and CEO William J. Agree. "His participation on the board will play a significant role in the success of MK in Australia, New Zealand, and other countries of the Pacific Rim." Morrison Knudsen, of Boise, Idaho, provides development, design/engineering, and other construction and operating services.
Also going offshore to recruit a new director was Schering-Plough Corp. The Madison, N.J., pharmaceutical and health care products company added to its board Robert F.W. van Oordt, president and CEO of Buhrmann-Tetterode NV. The Netheralnds company is a worldwide industrial group engaged in the distribution of graphic and business systems, graphic paper and office products, and in the manufacturing and marketing of packaging products. Van Oordt joined the company in 1989, after having previously served in the 1980s with another Netherlands-based company and, in the 1970s, as a management consultant with McKinsey & Co.
Donald M. Stewart, president of the College Board, was elected as a director of Campbell Soup Co., Camden, N.J. The College Board is a group of public and private educational institutions and associations which, among its many services, administers the Scholastic Aptitude Test. Said Campbell Soup Chairman Robert J. Vlasic, "Increasingly, as our company commits itself to achieving success around the globe in a variety of cultures, we need the invaluable insights and perspectives of a man like Donald Stewart on our board." Earlier in his career, Dr. Stewart served with the Overseas Development Division of the Ford Foundation, with postings in Nigeria, Egypt, and Tunisia, concluding as program officer in its Middle East-Africa Program. He joined the College Board as president in 1987, after 10 years as president of Spelman College in Atlanta.
EDO Corp., College Point, N.Y., designs and manufactures advanced electronic and specialized equipment for military and commercial markets. President and CEO Gerry Albert says, "EDO regards its board as a critical resource assisting management in strategically guiding the company through the increasing complexities of the markets we serve." For its two new directors, EDO selected Joseph F. Engelberger and Robert M. Hanisee. Engelberger, according to the company, is often called the "Father of Robotics" in that he is generally considered to have been the driving influence in the creation of the industrial robot industry. He serves currently as chairman of Transitions Research Corp., which developing robots to work in such service activities as commercial cleaning, nurses aides, and personal servants for handicapped or infirm persons. Hanisee is managing director and director of research of Trust Company of the West in Los Angeles. He began his career as a securities analyst at Morgan Guaranty Trust Co.
L. William Seidman has joined the board of Fleserv Inc., a Milwaukee-based provider of data processing and information management services and products to banks and other financial intermediaries worlwide. Seidman, who knows a thing or two about the financial services industry and markets, is the former chairman of the Federal Deposit Insurance Corp. and of the Resolution Trust Corp.
The former Postmaster General of the U.S. Postal Service, Anthony M. Frank, has rejoined the board of the Charles Schwab Corp. He served on the Schwab board from 1987 to 1989, prior to accepting the position of Postmaster General. A former CEO of a San Francisco-based bank, Frank is now heading a biotechnology company in Oakland, Calif
Angenion Corp., a Minneapolis-based manufacturer of medical products primarily for the cardio-vascular markets, nmed businessman and scientist Donald D. Mauer is the founder, chairman, and CEO of Empi Inc., a manufacturer of noninvasive biomedical devices and accessories for electrotherapeutic applications. Prior to joining Empi in 1979, Maurer was founding director of the rehabilatation engineering program at the Courage Center, a nonprofit institute for the severely disabled, where he developed a variety of devices to aid in the daily living of the handicapped. Maurer holds 17 patents on biomedical devices.
Dun & Bradstreet Corp. elected Hall "Cap" Adams Jr. to its board. Adams is the former chairman and CEO of the Leo Burnett Co. He retired from the advertising firm in December 1991, after spending his entire business career there - joining the company in 1965 as a media researcher analyst. "We are confidant that the company will benefit from his extensive experience in managing a highly successful worldwide marketing and advertising organization," said Charles W. Mortiz, chairman and CEO of Dun & Bradstreet, which is the world's largest marketer of business information and related services.
Gordon S. Macklin was elected to the board of Martin Marietta Corp. Macklin recently resigned as chairman of Hambercht & Quist, a venture capital investment banking company. He is the former president of the National Association of Securities Dealers and serves as a director of MCI Communications Corp. and Fund American Cos., among other positions.
Charles S. Sanford was elected as a director of J.C. Penney Co. Inc. Sanford is chairman of Bankers Trust New York Corp. and its principal subsidiary, Bankers Trust Co. He joined Bankers Trust in 1961, was elected president in 1983, and was instrumental in the transformation of bankers trust from a traditional commercial bank to a global merchant bank during the 1980s
Retired Adm. William J. Crowe Jr., a former chairman of the Joint Chiefs of staff, joined the board of General Dynamics Corp., Falls Church, Va. The JCS chairman from 1985 until he retired in 1989, after 43 years with the Navy, he is now a professor of geopolitics at the University of Oklahoma.
NUI Corp., based in Bedmister, N.J., is a natural gas distributor with operating divisions in New Jersey and Florida. For its new board member, it selected Dr. Bernard S. Lee, president and CEO of the Institute of Gas Technology (IGT) Established in 1941, the Chicago-based IGT is an independent, not-for-profit center for energy and enviromental research and education. "Dr. Lee and the IGT are leaders in research and development in the natural gas industry...(Their) significant accomplishments in enviromental research highlight the tremendous advantages of natural gas as the energy source of the 1990s." said John Kean, president and CEO of NUI. Prior to joining the IGT staff in 1965, Dr. Lee served with Arhtur D. Little Inc.
Headquartered in Miami, Fla., IVAX Corp. is a holding company with subsidiaries involved in specialty chemicals, pharmaceuticals, and medical diagnostics. Its newest board member is Harold S. Geneen, formerly chairman of one of the all-time great holding companies, International Telephone & Telegraph Corp. Geneen's current interests in the health care field also include service on the board of trustees of the Salk Institute and on the board of governors of the School of Medicine of the University of Miami.
George H. Heilmeier, president and CEO of Bellcore (Bell Communications Research), a research and engineering consortium owned by the seven regional Bell operating companies, joined the board of TRW Inc. He previously served as chief technical officer of Texas Instruments and as a director of the Defense Advanced Research Projects Agency, where he initiated major efforts in space-based lasers, stealth aircraft, and other technology. Cleveland-based TRW provides advanced technology products and services for the automotive, space and defense, and information markets.
The Long Island Lighting Co. added two directors who will "bring to the company a national perspective on economics, the environment, and regulation," said LILCO Chairman Dr. William J. Catacosinos. A. James Barnes is dean of the School of Public and Enviromental Affairs at Indiana University. He formerly served as a deputy administrator of the U.S. Environmental Protection Agency. The other new director is Richard L. Schmalensee, professor of economics and management at the Massachussets Institute of Technology, where he is currently director of the MIT Center for Energy and Environmental Policy Research.
Gantos Inc., a retailer of women's wear and accessories, added two directors, Verna Gibson and Elizabeth Eveillard, "who will serve to complement our existing board by adding valuable retail experience and industry perspective," said Chairman L. Douglas Gantos. Gibson retired after 20 years with The Limited, where she rose through the buying division to be named president of The Limited Stores Inc. in 1985. She is now serving as a director of the Federal Reserve Bank of Cleveland and as a retail consultant. Eveillard is managing director of the Retailing Industry Group at PaineWebber Inc. Gantos, based in Grand Rapids, Mich., operates 158 stores in 25 states.
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|Publication:||Directors & Boards|
|Date:||Mar 22, 1992|
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