It looks like Raytheon will be Michael Ruettgers second outside directorship after Perkin-Elmers, which has a large stake in Celera Genomics. That's probably the inspiration for the name of EMC's groundbreaking solid-state NAS product, Celerra, which according to Steve Duplessie, will probably exceed $1 billion in revenues this year. Anyway, If I'm not mistaken, Richard Egan sits on the board of Northern Telecom, which is involved in a heated race with Lucent for supremacy in optical networking, which, in turn, derives a lot of its base optical technology from companies like Raytheon.
Frederic Poses and Michael Ruettgers Elected to Raytheon's Board of Directors
LEXINGTON, Mass., Jun 28, 2000 /PRNewswire via COMTEX/ -- Raytheon Company (NYSE: RTNA chart, msgs, RTNB chart, msgs) announced today that Frederic M. Poses, chairman and chief executive officer of American Standard Companies Inc., and Michael C. Ruettgers, chief executive officer of EMC Corporation, have been elected to the company's board of directors. Their election brings the number of Raytheon board members to 14.
Poses, 57, was elected CEO of American Standard in January 2000 and has been a member of that company's board since October 1999. Prior to joining American Standard, Poses spent 30 years at AlliedSignal Inc. In October 1997, he was elected to the board of directors and named vice chairman of AlliedSignal. He was appointed president and chief operating officer of the company in June 1998.
Ruettgers, 57, has been CEO of EMC since January 1992 and has been a director of that company since May 1992. Ruettgers served as president and chief operating officer of EMC from October 1989 to January 2000. He spent much of his early career with Raytheon, where he played an important role in the Patriot missile program.
The Raytheon board of directors also elected Francis S. Marchilena and Hansel E. Tookes II executive vice presidents of the company. Marchilena, 55, is president of Raytheon's Command, Control, Communication and Information Systems business unit. Tookes, 53, is president and chief executive officer of Raytheon Aircraft Company.
Raytheon Company is a global technology leader that provides products and services in the areas of defense and commercial electronics and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries. |
