CLARCOR Announces Management Succession Plan
05 Oktober 2011 - 12:23AM
Business Wire
CLARCOR Inc. (NYSE: CLC) CLARCOR announced today that
Christopher L. Conway, 56, the Company’s current President and
Chief Operating Officer, will assume the position of President and
Chief Executive Officer on December 13, 2011. On that same date,
the Company’s current Chief Executive Officer, Norm Johnson, will
assume the role of Executive Chairman. Mr. Johnson will assist Mr.
Conway in various areas while continuing to oversee CLARCOR’s Board
of Directors until his retirement from the Company on November 30,
2012, the last business day of CLARCOR’s 2012 fiscal year.
Mr. Johnson stated, "This transition of leadership to Chris is
the result of several years of consideration and planning by our
Board. Since becoming our President and COO nearly eighteen months
ago, Chris has been able to build upon his already substantial
knowledge of CLARCOR’s businesses, its culture and the filtration
industry. Chris becoming CEO and my assuming the role of Executive
Chairman is the next step in our planning process.
"I have been fortunate to work for CLARCOR for over twenty
years, with the last fifteen of those serving as either President
or CEO. During that time, CLARCOR has evolved into one of the
leading filtration companies in the world. While I’m proud of what
we have accomplished, I am confident that Chris and his management
team have the capacity to take the Company to even greater
heights."
Mr. Conway commented, "I appreciate the opportunity that has
been given to me and the trust that has been placed in me by Norm
and the rest of the Board. CLARCOR is an exceptional company with
tremendous opportunities in front of it. I look forward to the
challenge of building on the success that Norm and the Board have
engineered over the past fifteen years."
CLARCOR is based in Franklin, Tennessee, and is a diversified
marketer and manufacturer of mobile, industrial and environmental
filtration products and consumer and industrial packaging products
sold in domestic and international markets. Common shares of the
Company are traded on the New York Stock Exchange under the symbol
CLC.
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