2007'05.24.Thu
American Standard Announces Three More Nominees to WABCO Board of Directors
May 22, 2007
PISCATAWAY, N.J., May 22 /Xinhua-PRNewswire/ -- American Standard Companies Inc. (NYSE: ASD) today announced three more nominees -- Juergen W. Gromer, Kenneth J. Martin and Michael T. Smith -- to the board of directors of WABCO as it becomes a separate, independently traded company by early fall of this year. WABCO is the $2 billion vehicle control systems business of American Standard Companies Inc. Founded in 1869 as Westinghouse Air Brake Company, it was acquired in 1968 by American Standard, which announced plans in February to spin it off as a separate company. Gromer, Martin and Smith join three previously announced nominees to the WABCO board: James Hardymon, former chairman and chief executive officer of Textron, who will become non-executive chairman; Jacques Esculier, president of American Standard's vehicle control systems business and who will become WABCO's chief executive officer; and G. Peter D'Aloia, American Standard's chief financial officer. Today's nominees bring WABCO a broad range of senior leadership experience as detailed in their biographical profiles below: Juergen W. Gromer, 62, is president of Tyco Electronics. A 23-year veteran of Tyco Electronics and AMP (prior to its purchase by Tyco), Gromer has served in a variety of regional and global assignments including president, electronic components; senior vice president of worldwide sales and services; president of the global automotive division; and vice president of Central and Eastern Europe. He has also held management positions with Procter and Gamble, ITT Components Group and Zahnradfabrik Friedrichshafen. Gromer received both his undergraduate and doctorate degrees in physics from the University of Stuttgart in Germany. Kenneth J. Martin, 52, is chief financial officer and vice chairman of Wyeth (formerly American Home Products). He joined the company in 1984 and has served in a variety of senior leadership positions within the company's divisions including president of American Home Food Products; president of Whitehall-Robins Healthcare; senior vice president and chief financial officer of Wyeth-Ayerst Pharmaceuticals; and executive vice president and chief financial officer of Wyeth. Prior to joining Wyeth, Martin was an audit manager with the accounting firm of Arthur Andersen & Co. He is a certified public accountant and holds a bachelor's degree in accounting, magna cum laude, from Hofstra University. Michael T. Smith, 63, retired in 2001 as chairman of the board and chief executive officer of Hughes Electronics Corporation. He previously served as the company's vice chairman and chairman of Hughes Aircraft Company; executive vice president and chief financial officer of Hughes Electronics Corporation; and chairman of Hughes Missile Systems. Smith joined Hughes Electronics in 1986 after spending nearly 20 years with General Motors Corporation. He holds a bachelor's degree in political science from Providence College, an MBA from Babson College and an honorary doctor of laws degree from Pepperdine University. WABCO is one of the world's leading producers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. It employs more than 7,000 people in 34 offices and production facilities worldwide. After the separation from American Standard, WABCO will become a U.S. company with executive and administrative offices in Brussels, Belgium, and Piscataway, N.J. It will be listed on the NYSE under the symbol WBC. American Standard is an $11.2 billion global manufacturer with market-leading positions in three businesses: air conditioning systems and services, sold under the Trane(R) and American Standard(R) brands for commercial, institutional and residential buildings; bath and kitchen products, sold under such brands as American Standard(R) and Ideal Standard(R); and vehicle control systems, including electronic braking and air suspension systems, sold under the WABCO(R) name to the world's leading manufacturers of heavy-duty trucks, buses, SUVs and luxury cars. The company employs approximately 62,000 people and has manufacturing operations in 28 countries. American Standard is included in both the S&P 500 and the Dow Jones Sustainability North America Index, which recognizes the top 20 percent of leaders in corporate sustainability in North America. For more information, please contact: Media: Skip Colcord Tel: +1-732-980-3065 Email: hcolcord@americanstandard.com Shelly London Tel: +1-732-980-6175 Email: slondon@americanstandard.com Margie Pazikas Tel: +32-2-663-9801 Email: Margie.Pazikas@wabco-auto.com Investors and Financial Analysts: Bruce Fisher Tel: +1-732-980-6095 Email: bfisher@americanstandard.com Todd Gleason, Tel: +1-732-980-6399 Email: tgleason@americanstandard.com
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