VINCENT A. GIERER, JR. ELECTED CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER AT UST INC.
GREENWICH, Conn., Nov. 18 /PRNewswire/ -- UST's board of directors announced today the election of Vincent A. Gierer, Jr. as chairman of the board and chief executive officer, effective Dec. 1, 1993. He will succeed retiring chairman and chief executive officer, Louis F. Bantle. Mr. Gierer, 46, will continue to serve as president, a position he has held since September 1990. According to Mr. Bantle, "Over the years, we've assembled a strong management team, and I have the utmost confidence in Vincent Gierer's leadership abilities." Mr. Gierer joined the Company in 1978, and in 1983, was elected controller. In 1986, he was promoted to senior vice president. That same year, Mr. Gierer was elected to the board of directors. In July 1987, Mr. Gierer was elected chief financial officer while retaining the title of senior vice president. In 1988, he was elected an executive vice president, a position he held until 1990. Before joining the Company, Mr. Gierer was associated with the accounting firm of Ernst & Ernst (now Ernst & Young). He is a member of the New York State Society of Certified Public Accountants and the Financial Executives Institute. Mr. Gierer also serves as a member of the board of the Southwestern Area Commerce and Industry Association of Connecticut (SACIA) and the Wilton YMCA, as well as the Fairfield University Board of Trustees. Mr. Gierer holds a bachelor of business administration degree in accounting from Iona College and he is also a Vietnam veteran having served with the U.S. Army. Through its subsidiaries, UST Inc. (NYSE: UST) is a leading producer and marketer of moist smokeless tobacco products including Copenhagen, Skoal, Skoal Long Cut and Skoal Bandits. Other consumer products marketed by UST subsidiaries include premium wines sold nationally through the Chateau Ste. Michelle, Columbia Crest, Conn Creek, and Villa Mt. Eden wineries. -0- 11/18/93 /CONTACT: Alan Kaiser, 203-622-3549, or Susan Warner, 203-622-3449, both of UST/ (UST)
CO: UST Inc. ST: Connecticut IN: TOB FOD SU: PER
SH -- NY039 -- 6006 11/18/93 11:58 EST
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|Date:||Nov 18, 1993|
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