Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Krowbar who wrote (7649)	4/20/2004 2:47:58 PM
From: Krowbar	Respond to of 8393

April 20, 2004 — Energy Conversion Devices, Inc. (NASDAQ: ENER) (ECD Ovonics) today announced the election of three new, independent directors to its Board effective immediately, increasing the number of independent directors to seven. The three new directors were selected and recommended by the Compensation and Nominating Committee of the Board. The ECD Ovonics Board is now comprised of 10 members, including three inside directors. The new directors, Robert I. Frey, William J. Ketelhut and Stephen Rabinowitz, have strong track records of proven business leadership with major corporations and extensive experience in finance, technology, manufacturing and engineering, which will provide added depth to ECD Ovonics' Board. ovonic.com Frey, 60, joined Herman Miller, Inc. in 1996, where he was an executive vice president and member of the executive committee and president of Herman Miller International accountable for international strategic planning, manufacturing and marketing until his retirement in 2001. Prior to 1996, he was chairman of the board and chief executive officer at Whirlpool Corporation, Asian operations. He also served as Whirlpool's General Counsel for five years from (1983-1989). Mr. Frey earned a bachelor's degree in 1965 from Colorado State University and a J.D. degree from Duke University in 1968. He is currently a visiting professor of global management and marketing at Seidman School of Business, Grand Valley State University. Ketelhut, 51, from 2001-2002 was president of Control Products at Honeywell, a global company with 15 major lines of businesses including semiconductors, consumer products and sensors products. From 1994-2001, he served as president of several business units of Invensys plc, a global automation, controls and process solutions group. He was president and chief executive officer at GE/Micro Switch Control Inc. (a joint venture between GE and Honeywell Microswitch Division) from 1992-1994, responsible for the development of the strategy and organization of a new joint venture between GE and Honeywell. Mr. Ketelhut received a bachelor's degree in mechanical engineering from Brown University in 1975 and an MBA from the University of Chicago in 1980. Rabinowitz, 61, was chairman and chief executive officer of General Cable, Inc., a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and specialty markets, from 1994-2001. He brings over 30 years of senior level business and general management experience, including 10 years with General Electric Corporation (1982-1992) and two years with AlliedSignal Corporation (1992-1994). Mr. Rabinowitz earned a bachelor's degree in metallurgical engineering from Polytechnic Institute of New York in 1963 and a Ph.D. in metallurgy materials science from University of Pennsylvania in 1968. In 1969 he received an NSF Postdoctoral Fellow in polymer physics from the University of Bristol (England). All three of the new directors look like valuable additions to our board. Del