UNOVA Board Approves Corporate Identity and Management Changes
biz.yahoo.com
UNOVA Board Approves Corporate Identity and Management Changes
Monday September 12, 5:07 pm ET
EVERETT, Wash.--(BUSINESS WIRE)--Sept. 12, 2005--With the divestiture of its last Industrial Automation business unit planned by year-end 2005, the UNOVA (NYSE:UNA - News) Board of Directors has approved a corporate name change effective January 1, 2006. UNOVA, Inc. will become Intermec, Inc. on that date. The parent company will continue to be comprised of its wholly owned subsidiary, Intermec Technologies Corporation, and other UNOVA subsidiaries.
A streamlined management structure will parallel the corporate identity change. Larry Brady, Chairman and CEO of the parent company, will retain that position. At the request of the Board, Brady has agreed to extend his retirement date to August 2009. Effective immediately, Steve Winter assumes the position of President of the subsidiary, Intermec Technologies Corporation, replacing Tom Miller. Miller has been named Vice President of Corporate Development for the parent company. Robert Smith, President of Industrial Automation Systems, will leave the company effective December 31, 2005. Rick Andersen has been elected a Vice President and Controller of the parent company and has been named Acting Chief Financial Officer.
About UNOVA
UNOVA is a leader in global supply chain solutions and in the development, manufacture and integration of wired and wireless automated data collection, Intellitag® RFID (radio frequency identification), mobile computing systems, bar code printers and label media. The company's products and services are used by customers in many industries to improve productivity, quality and responsiveness of business operations, from supply chain management and enterprise resource planning to field sales and service. www.unova.com. |
