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WILLIAM M. STEUL ELECTED CHIEF FINANCIAL OFFICER FOR DIGITAL EQUIPMENT

WILLIAM M. STEUL ELECTED CHIEF FINANCIAL OFFICER FOR DIGITAL EQUIPMENT
 MAYNARD, Mass., June 19 /PRNewswire/ -- Digital Equipment Corporation (NYSE: DEC) today announced the election of William M. Steul as vice president and chief financial officer. In this position, he will be a member of the Executive Committee reporting to President Kenneth H. Olsen.
 In his 20 years with Digital, Steul has held a number of Finance and Operations management positions. Most recently he was vice president, Services Cluster Applications and Industry Business Units with responsibility for Banking, Health Care, Insurance, Media, Retail/ Wholesale, Travel and Transportation, Utilities, and Professional Services. Previously, he was vice president Corporate Systems Group; group manager, Engineering Systems; finance manager for the Technical Group; finance manager for the Components Group and finance manager for Europe.
 Commenting on the appointment, Digital President Kenneth H. Olsen said, "As Digital continues its efforts to restore profitability, we need a chief financial officer with knowledge of our operations and our strategy in addition to a strong financial background. Bill offers a unique blend of operating and financial experience. His career includes international finance, as well as market development and product line experience. He understands where Digital is going in our industry and knows how to get things done inside the company. He will be a strong link between the operating and financial disciplines and will be able to quickly implement our business strategies."
 "I'm pleased and excited about this new opportunity," Steul said. "I intend to take an aggressive role in the CFO function as a partner to Ken Olsen, the operating committees and the business units as they work on the strategy of the company for the 1990s and beyond to help the company to return to profitability."
 Steul holds both a BSBA and an MBA from the State University of New York. He has also completed the MIT Sloan School Senior Executive Program. Prior to joining Digital, Steul was with the Carborundum Company for eight years where he held positions in finance, manufacturing management and information systems. Digital Equipment Corporation, headquartered in Maynard, Mass., is the leading worldwide supplier of networked computer systems, software and services. Digital pioneered and leads the industry in interactive, distributed and multivendor computing. Digital and its partners deliver the power to use the best integrated solutions -- from desktop to data center -- in open information environments.
 -0- 6/19/92
 /CONTACT: Nikki Richardson of Digital Equipment, 508-493-6369/
 (DEC) CO: Digital Equipment Corporation ST: Massachusetts IN: CPR SU: ERN


SH -- NE004 -- 1808 06/19/92 09:34 EDT
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Publication:PR Newswire
Date:Jun 19, 1992
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