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 BUFFALO GROVE, Ill., July 28 /PRNewswire/ -- Alan Reed, chairman of the board and chief executive officer of Woodhead Industries, Inc. (NASDAQ: WDHD) today announced that he was stepping down as chief executive officer of the company. After a 34-year career with Woodhead, Reed, who turns 64 in October, stated that he was taking this action in order to complete a transition process he began seven years ago. He will continue his employment with the company as chairman of the board.
 Woodhead's board of directors named the company's current President and Chief Operating Officer C. Mark DeWinter as the new president and chief executive officer.
 Reed and DeWinter assumed their top management roles in mid-1986 and during that seven-year period the company became a sharply focused, global manufacturer of premium-quality industrial products. After some initial pruning of less profitable subsidiaries and product lines and some restructuring of overall management, the company today ranks number one or number two in its core product groups and operates 13 facilities in seven countries. The effects of these improvements have been reflected in a significant increase in shareholder value: for the most recent five-year period, $1,000 invested in Woodhead Industries common stock rose to approximately $3,200, while $1,000 invested in the S&P 500 rose to a fraction over $2,000 (all dividends reinvested).
 "Mark DeWinter has built a very strong operations base that will allow him to continue the growth of the company without compromise," said Reed. "I believe our shareholders, our employees and our customers will realize substantial benefits from this orderly transition."
 Woodhead Industries Inc. develops, manufactures and markets specialty electrical devices, custom cable assemblies, motion control products, and ergonomic workstations for a broad range of industrial applications worldwide.
 -0- 7/28/93
 /CONTACT: Robert G. Jennings, VP - finance, CFO of Woodhead, 708-465-2900/

CO: Woodhead Industries, Inc. ST: Illinois IN: SU: PER

WB -- NY103 -- 6870 07/28/93 15:47 EDT
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Publication:PR Newswire
Date:Jul 28, 1993

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