Blount International Announces Board and Management Changes
2009年12月23日 - 8:12AM
PRニュース・ワイアー (英語)
PORTLAND, Ore., Dec. 22 /PRNewswire-FirstCall/ -- Blount
International, Inc. (NYSE:BLT) ("Blount" or the "Company")
announced today the transition of certain Directors and Executive
Officers. The changes include the following: -- James S. Osterman,
Chairman and Chief Executive Officer, has retired as an employee as
of the end of the business on December 18 but will remain
non-executive Chairman of the Board until the 2010 Annual Meeting
of Stockholders in May. -- Joshua L. Collins, formerly President,
Chief Operating Officer and CEO Designate, was appointed the
Company's Chief Executive Officer as of the close of business on
December 18. As a result of becoming CEO, Mr. Collins, who
continues as a Director, resigned from the Nominating &
Corporate Governance Committee of the Board. -- Eliot M. Fried,
Lead Director since 2005, will retire from the Board of Directors
as of December 31, 2009. Mr. Fried has been a Director on the
Company's Board since 1999 and acted as the Chairman of the Board
from 2001 to 2005, as well as Chairman of the Compensation
Committee since 2007, in addition to numerous other committee
assignments. -- Robert E. Beasley, Jr., has been elected a Director
of the Company by the Board of Directors to fulfill the director
vacancy created by the retirement of Mr. Fried, effective January
1, 2010. Mr. Beasley is the former Chief Executive Officer and is
currently a Director of The Hunter Fan Company, an industry-leading
manufacturer of ceiling fans and other home environment products.
Mr. Beasley's committee assignments will be made at the
regularly-scheduled Nominating & Corporate Governance Committee
meeting in January. Commenting on today's announcement, Josh
Collins, Chief Executive Officer, stated: "The entire Blount family
thanks Jim Osterman for his more than fifty years of loyal service
and for his remarkable leadership at the helm of this Company. His
insight and decisive actions over several decades helped position
the business for sustained growth and long-term success. We wish
Jim the best in the next phase of his life and look forward to
continuing our relationship with him in his role as an advisor and
consultant to the Company. "We would also like to thank Eliot Fried
for his commitment to Blount and its shareholders through his
leadership on the Board of Directors over the past ten years as
both the Lead Director and as a past Chairman. Eliot's sound
judgment and sage advice have benefited the Company greatly, and we
wish him the best in the future. "Finally, we would like to welcome
Bob Beasley to the Board of Directors. Bob's experience as CEO of
The Hunter Fan Company for over fifteen years will prove valuable
to our Company and our shareholders. Bob has a tremendous amount of
experience in marketing, product development, manufacturing and
sourcing, and he will be particularly helpful in advising us on our
growth plans." Blount International, Inc. is a diversified
international company whose principal business is its Outdoor
Products segment, the world's largest manufacturer of saw chain and
accessories, with plants in the United States, Canada, Brazil and
China. Blount sells its products in more than 100 countries around
the world. For more information about Blount, please visit our
website at http://www.blount.com/. DATASOURCE: Blount
International, Inc. CONTACT: Richard H. Irving, III, Senior Vice
President, General Counsel & Secretary of Blount International,
Inc., +1-503-653-4569 Web Site: http://www.blount.com/
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