SL INDUSTRIES, INC. APPOINTS K. BAILEY NICHOLS SENIOR VICE PRESIDENT - OPERATIONS, SL WABER, INC.
MT. LAUREL, N.J., July 6 /PRNewswire/ -- Owen Farren, president and chief executive officer of SL Industries, Inc. (NYSE: SL) today announced the appointment of K. Bailey Nichols to the position of senior vice president - operations, SL Waber, Inc., SL's largest wholly owned subsidiary. In this key executive position, Mr. Nichols, 51, will be responsible for manufacturing and distribution of all SL Waber's products and will manage the SL Waber production facilities in Nogales, Ariz. and Nogales, Mexico. Mr. Nichols brings to SL Waber 26 years of broad business, manufacturing and international experience, including 18 years of line positions in general management, finance and operations as well as 8 years of staff experiences encompassing strategic planning, acquisitions and market research. Most recently, Mr. Nichols served as general manager of Reuter, Incorporated, a plastics manufacturing company in Hopkins, Minn. He began his career in 1966 with the Ford Motor Company, where he gained his first experience abroad as an operations and financial executive with Ford Chile and Ford Venezuela. Mr. Nichols said, "Joining SL Waber presents me with a new and exciting professional opportunity in the rapidly growing market for power and data quality products and I look forward to the challenge of extending Waber's leadership in this industry even further." Mr. Nichols will report to Arthur Blumenthal, the newly appointed president of SL Waber, who assumed those duties on June 3. Mr. Blumenthal said, "We are delighted to have an executive of Bailey's stature join us at SL Waber. His longtime operational experience assures us of a strong manager to oversee the day-to-day decision making at SL Waber and we will certainly take advantage of his business background in other areas as well." Mr. Farren commented, "With two new, seasoned executives in top positions at SL Waber, we look ahead to continued momentum and success there. Art's responsibilities for strategic planning and the general management of Waber dovetails well with Bailey's strengths in operational management and, together, they will form a strong team with Waber's other senior managers. These appointments were extremely well- timed for us as Waber prepares to introduce two new uninterruptible power supply products, the UPS500 and UPS250 this summer." Mr. Nichols received an MBA from North Texas State University in 1981 and bachelor's degrees from the Thunderbird Graduate School of International Management and the University of Arizona in 1966 and 1964 respectively. Married for 29 years to the former Elizabeth Ralston, Mr. Nichols and his wife have two sons, Nathan, 25, and Mark, 22. They will make their new home in Southern Arizona. Fluent in Spanish, Mr. Nichols has been active in many professional and civic organizations throughout his career including chairman of the board of the Gifted Students Institute for Research and Development, and a board member of the Dallas Council for the Aging. SL Waber, Inc. is a leading manufacturer of surge suppressors, uninterruptible power supplies and other power and data quality products for both consumer and industrial use. Earlier in 1993, SL Waber introduced its Tracker line of surge and line interference products, including the popular Wave Tracker WT6SS. This summer, SL Waber will complete its full line of products with the introduction of two new back-up power supplies, the UPS500 and UPS250. SL Industries, Inc., is comprised of operating subsidiaries focused on the design, manufacture and distribution of a broad range of innovative products. Together, they serve two business segments: Power and Data Quality, and Specialty Products. These subsidiaries, which are located throughout North America, possess distinct product development, design, manufacturing and marketing capabilities and occupy niche positions within overall growth markets. -0- 7/6/93 /CONTACT: Ted D. Taubeneck of SL Industries, Inc., 609-727-1500/ (SL)
CO: SL Industries, Inc.; SL Waber, Inc. ST: New Jersey, Arizona IN: SU: PER
TM-OS -- NY055 -- 8773 07/06/93 16:28 EDT
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|Date:||Jul 6, 1993|
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