Rockwell Automation Approves Name Change at Annual Shareowners MeetingMILWAUKEE--Feb. 6, 2002--Rockwell Automation Chairman and CEO Don H. Davis reviewed the company's first quarter results and highlighted its Global Manufacturing Solutions business in remarks made today at the company's annual shareowners meeting. Shareowners elected Kenneth F. Yontz to the board of directors, re-elected two directors to new terms and approved the company's name change to Rockwell Automation.
Yontz is chairman of the board of Apogent Technologies Inc. and Sybron Dental Specialties, Inc. (both are successor companies to Sybron International).
Yontz, 57, served as a group vice president and executive vice president of Allen-Bradley from 1980 - 1986. He left Allen-Bradley to lead Sybron as chairman, president and CEO, where he served from 1986 - 2000. Yontz is a director of Viasystems Group, Inc., and serves on a number of civic and community organization boards.
Apogent Technologies manufactures and markets laboratory life science products including those used in clinical diagnostic and biomedical areas. Sybron Dental Specialties manufactures dental sundry supplies and orthodontic appliances.
Yontz and the two re-elected directors will serve terms that expire at the annual meeting in 2005. They are:
Bruce M. Rockwell, Vice Chairman, First of Michigan Division of Fahnestock & Co. Inc. Rockwell, a director since 1969, is Chairman of the Technology, Environmental and Social Responsibility Committee and is a member of the Audit and Compensation and Management Development Committees of the Board.
Joseph F. Toot, Jr., Retired President and CEO, The Timken Co. Toot, a director since 1977, is a member of the Compensation and Management Development and Board Composition Committees of the Board.
A copy of the presentation delivered at the meeting will be available for review at: www.rockwellautomation.com.
Rockwell Automation is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley(R) controls and services, Dodge(R) mechanical power transmission products, Reliance Electric(TM) motors and drives, and Rockwell Software(R) factory management software. The company also is a leading provider of contact management technologies and applications that help companies more efficiently manage interaction with their own customers. Headquartered in Milwaukee, Wisconsin, the company employs about 23,000 people serving customers in more than 80 countries.
This news release contains statements (including certain projections and business trends) accompanied by such phrases as "believes," "estimates," "expects," "anticipates," "will," "intends" and other similar expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to economic and political changes in international markets where the Company competes, such as currency exchange rates, inflation rates, recession, foreign ownership restrictions and other external factors over which the Company has no control; demand for the market acceptance of new and existing products, including levels of capital spending in industrial markets; successful development of advanced technologies; competitive product and pricing pressures; future terrorist attacks; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.