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WICOR CEO STUART TISDALE ANNOUNCES RETIREMENT PLANS

    MILWAUKEE, Wis., Oct. 27 /PRNewswire/ -- Stuart W. Tisdale, 65, announced plans to retire on Feb. 1, 1994, as chairman and CEO of WICOR (NYSE: WIC) and chairman of WICOR's three subsidiaries, Wisconsin Gas, Sta-Rite Industries, and SHURflo Pump Manufacturing Co.  He will remain as a member of WICOR's board of directors.
    Tisdale was president and CEO of Sta-Rite Industries from 1976 to 1986.  He became president of WICOR in 1984 and was named chief executive officer in 1986.  He has served as chairman of Wisconsin Gas and Sta-Rite Industries respectively since 1986.
    George Wardeberg, 58, president and chief operating officer of WICOR, has been named to succeed Tisdale in February as chief executive officer.  He will also serve as chairman of each of the subsidiaries.
    Tisdale's tenure at WICOR has been a period of acquisitions and growth resulting in an increase in the market value of Wisconsin's first utility holding company from $155 million in 1984 to $532 million currently.
    Tisdale has overseen the expansion of Sta-Rite Industries, a leading manufacturer of pumps and water processing equipment, into world-wide markets.  The gradual deregulation of the natural gas industry provided new opportunities for Wisconsin Gas, which last year achieved its greatest growth in customers since 1960.  Another achievement was the WICOR acquisition earlier this year of SHURflo, a California-based maker of pumps for commercial, industrial and recreational applications.
    "As I look to the future, and the intensely competitive pressures on business, I feel that George Wardeberg has the business experience and marketing expertise to continue the pace of steady growth for WICOR," Tisdale said.
    Wardeberg spent 32 years at Whirlpool Corporation and was vice chairman and chief operating officer of the multi-billion-dollar corporation before he joined Sta-Rite in 1989 as vice president and general manager of the water systems group.  He was named president and chief operating officer of WICOR in 1992.
    Active in civic and community affairs, Tisdale was president of the Greater Milwaukee Committee from 1990 to 1992 when the GMC shifted its major emphasis to social issues, and formed an Inner City task force. He also was active in promoting sales of season tickets and sky boxes to support the Milwaukee Brewers.  He was campaign chairman of the United Way of Greater Milwaukee in 1989, the only year in recent history to exceed its campaign goal.  He has served on the board of directors of Columbia Hospital (past chairman), YMCA of Metropolitan Milwaukee (past chairman), Metropolitan Milwaukee Association of Commerce, Milwaukee Redevelopment Corporation, Competitive Wisconsin, the Blue Coats Foundation and the University Club (past president).  He is also a founding member of Ozaukee Congregational Church.
    -0-             10/27/93
    CONTACT:  (Media) Sue Riordan, 414-291-6931, or (Analysts) John Hoy, 414-291-6568, both of WICOR, Inc.
    (WIC) CO:  WICOR INC. IN:  UTI OIL SU:  PER ST:  WI


-- DE014 -- X421 10/27/93
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Publication:PR Newswire
Date:Oct 27, 1993
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