Gary A. Cappeline Named President Of AlliedSignal Specialty Chemicals

30 November 1998

Gary A. Cappeline Named President Of AlliedSignal Specialty Chemicals

    MORRIS TOWNSHIP, N.J.--Nov. 30, 1998--AlliedSignal Inc. announced today that Gary Cappeline has been named President of AlliedSignal Specialty Chemicals.
    He will become a member of the AlliedSignal Corporate Executive Council and, pending Board of Directors approval, an officer of the company. He will report to Lawrence A. Bossidy, Chairman and Chief Executive Officer.
    Cappeline was group vice president, pigments and additives, at Engelhard Corp. He succeeds Paul Norris, who resigned to become president and chief executive officer of W.R. Grace & Co.
    "We look forward to Gary's leadership and market knowledge to help us grow and expand our Specialty Chemicals business," said Bossidy. "The businesses Gary has led during his career have grown substantially, and I'm confident that he will lead our specialty chemicals business to record performance."
    Before joining Engelhard in 1997, Cappeline was with Ashland Chemical Company from 1974 to 1996. From 1988 to 1992, he was vice president, general manager of the Drew Industrial Division, one of six divisions of Ashland Chemical's Specialty Chemicals business. Revenues of the business doubled during that time. From 1993 to 1996, he was group vice president, specialty chemicals. Under his leadership, sales increased more than 70% and profits increased over 100%.
    Cappeline is a graduate of City College of New York, where he received a B.S. and an M.S. in chemical engineering.
    AlliedSignal Specialty Chemicals (www.specialtychem.com) is one of AlliedSignal's 12 major business units. With manufacturing facilities in North America, Europe and Asia, it has annual revenues of $1.6 billion and is headquartered in Morris Township, New Jersey. It manufactures products used in a wide range of applications, including pharmaceuticals, refrigeration, air conditioning, electronics, additives, sealants and adhesives. The division includes UOP, Allied Signal's joint venture with Union Carbide. UOP is a technology provider and catalyst manufacturer for the global petrochemical industry.
    AlliedSignal is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. The company employs 70,500 people worldwide. AlliedSignal is a component of the Dow Jones Industrial Average and Standard & Poor's 500 Index, and it is included in Fortune magazine's lists of the "Global Most Admired Companies" and the "100 Best Companies To Work For in America." Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com.