Printer Friendly

WESTINGHOUSE REORGANIZES TOP-MANAGEMENT STRUCTURE

 PITTSBURGH, Nov. 23 ~PRNewswire~ -- Westinghouse Electric Corporation (NYSE: WX) today announced a major reorganization of its top management structure, which includes the reassignment of a number of key executives and retirement of three members of top management.
 Chairman Paul E. Lego said the management reorganization is an integral part of a comprehensive strategic and financial plan announced today.
 "The new alignment is designed to strengthen Westinghouse by streamlining our management structure, assuring fresh and energetic leadership in implementing the corporation's strategic thrust for the future," he said.
 The new structure creates a new eight-member Management Committee as the top policy-making team for the corporation; a four-member Presidents' Office to coordinate the activities of the continuing operating units; and a two-member Special Operations organization to manage the announced exit from the financial services business and the divestiture of non-strategic businesses.
 It also assigns both line and staff responsibilities to several top executives to assure coordinated strategic direction to the operating units.
 Lego said the new organization, which takes effect Jan. 1, will eliminate the current group structure and make the business units the key operating entities of the corporation.
 Members of the new Management Committee are Lego, Gary M. Clark, Robert A. Watson, Richard A. Linder, Anthony A. Massaro, Burton B. Staniar, John B. Yasinsky and Warren H. Hollinshead.
 Clark, 57, will have responsibility for the Distribution and Control Business Unit, Westinghouse Electric Supply Company, Knoll International and Westinghouse Communities. Watson, 46, will remain chief executive of Westinghouse Financial Services, Inc. (WFSI), and also will assume the title of chairman of WFSI.
 Members of the Presidents' Office will be Linder, Massaro, Staniar and Dr. Yasinsky.
 Linder, 61, will have oversight responsibility for Electronic Systems.
 Massaro, 48, will oversee the Environmental Systems and Government Operations Business Units and the Westinghouse Savannah River Company, as well as Environmental Affairs, the Westinghouse Productivity and Quality Center and the Government Affairs office.
 Staniar, 50, will oversee Westinghouse Broadcasting and Thermo King as well as directing the human resources and corporate services functions.
 Yasinsky, 53, will oversee the Power Generation and Energy Systems Business Units, Westinghouse Canada, the Bettis Atomic Power Laboratory, the Plant Apparatus Division and the Westinghouse Science and Technology Center.
 Hollinshead, 56, continues as executive vice president and chief financial officer.
 Three senior executives announced that they will retire, effective Dec. 31. They are Theodore Stern, 63, senior executive vice president and a member of the board of directors of Westinghouse; George C. Dorman, 63, executive vice president, human resources and total quality; and Robert F. Pugliese, 59, executive vice president, legal and corporate affairs.
 In addition, Leo W. Yochum, 65, will step down as chairman of WFSI. Yochum will remain as a member of the Westinghouse board of directors.
 With Dorman's retirement, James S. Moore, 56, will become senior vice president, human resources.
 With Pugliese's retirement, Louis J. Briskman, 43, will become senior vice president and general counsel.
 ~delval~
 -0- 11~23~92
 ~CONTACT: Ronald E. Hart of Westinghouse Electric, 412-642-3373~
 (WX)


CO: Westinghouse Electric Corporation ST: Pennsylvania IN: ARO CPR TLS SU:

DM -- PG005 -- 0291 11~23~92 09:22 PST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 23, 1992
Words:520
Previous Article:SEMINAR TO EXAMINE HOW TECHNOLOGY IS CHANGING MEDIA INDUSTRIES AND CAREERS
Next Article:NORTH HILLS BANKING CENTER OPENS
Topics:


Related Articles
WESTINGHOUSE SELECTS AEGIS TO MARKET WECAN SOFTWARE
WESTINGHOUSE STREAMLINES TOP-MANAGEMENT ORGANIZATION
WESTINGHOUSE, LOCAL UNIVERSITIES FORM PARTNERSHIPS ON TOTAL QUALITY
WESTINGHOUSE REORGANIZES SENIOR MANAGEMENT STRUCTURE
WESTINGHOUSE NAMES THREE TO FINANCE POSTS
Westinghouse Team Wins $6 Billion, 5-Year Contract for Managing Savannah River Site
Westinghouse Announces Spin-Off of Industrial Business
Sale of Westinghouse Businesses to MK/BNFL Complete.
Westinghouse, MGBG Form Technical Support Partnership; With Goal to Increase Generation, Enhance Predictability at UK Magnox Stations.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters