Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gillette Announces Changes to Board of Directors
Mar 14, 2003
 Printable format
 Email this Article
 Search

The Gillette Company announced the appointment and nomination of two new Board members. Fred H. Langhammer, CEO and president of
The Estee Lauder Companies Inc., was appointed to serve the final 2 years of the 3-year term of Warren E. Buffett. Mr. Buffett had previously announced that he would leave the Gillette Board at its Annual Meeting in May to devote more time to his Berkshire Hathaway business interests.

Roger K. Deromedi,Co-CEO of Kraft Foods Inc. and pesident
and CEO of Kraft Foods International, has been nominated to succeed Richard R. Pivirotto, who will not stand for
re-election this year, having reached the mandatory retirement age for directors.

In addition to Mr. Deromedi, incumbent directors Dennis F.
Hightower, Herbert H. Jacobi, and Nancy J. Karch also are nominated for election to 3-year terms at the 2003 Annual Meeting of Stockholders.

The Company noted that in light of Mr. Buffett's planned departure from the Board, Gillette and Berkshire Hathaway have amended their 1989 agreement. Under the revised agreement, Berkshire Hathaway will no longer have a director position on the Gillette Board, and Gillette will retain a modified right of first offer on any shares Berkshire Hathaway may sell in the future. Both Gillette and Berkshire Hathaway noted that the amendments to the agreement are not based on any planned transaction by Berkshire Hathaway.

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows