Marshall N. Carter Elected To AlliedSignal Board
16 February 1999
Marshall N. Carter Elected To AlliedSignal Board
MORRIS TOWNSHIP, NJ--Feb. 16, 1999--Marshall N. Carter, Chairman of the Board and Chief Executive Officer of the State Street Bank and Trust Company and its holding company State Street Corporation , has been elected to the Board of Directors of AlliedSignal Inc. . He will join the AlliedSignal Board on March 1, 1999.
Carter joined State Street as President and Chief Operating Officer in 1991. He became Chief Executive Officer in 1992 and Chairman in 1993. State Street is a leading servicer and manager of financial assets worldwide, with $4.8 trillion in assets under custody and $485 billion in assets under management. Prior to joining State Street, Carter spent 15 years with Chase Manhattan Bank. He also served as a Marine Corps officer for 14 years, including two combat tours in Vietnam.
"Marshall Carter's depth of leadership experience, as well as his proven abilities to apply advanced technology within major global business enterprises to increase their success, will make him a unique and valuable addition to our Board," said Lawrence A. Bossidy, Chairman and Chief Executive Officer of AlliedSignal Inc.
Carter holds a B.S. in civil engineering from the U.S. Military Academy at West Point, an M.S. in operations research and systems analysis from the U.S. Naval Postgraduate School, Monterey, California, and an M.A. in science, technology and public policy from the School of Public and International Affairs at George Washington University.
AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in some 40 countries.
AlliedSignal was named the best diversified company by Forbes global magazine; the most admired aerospace company by Fortune magazine, both in the U.S. and globally; and one of the 100 best companies to work for by Fortune. Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com/.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.