Textron Promotes Mary Lovejoy to Vice President and Treasurer
10 April 2000
Textron Promotes Mary Lovejoy to Vice President and Treasurer
PROVIDENCE, R.I.--April 10, 2000-Textron Inc. today announced the promotion of Mary F. Lovejoy to vice president and treasurer, reporting to Chief Financial Officer Stephen L. Key. Lovejoy succeeds Edward C. Arditte, who has been named vice president of e-procurement (see related press release).Effective immediately, Lovejoy will assume responsibility for Textron's corporate treasury department, overseeing the company's financing activities, cash and currency management, investment of employee benefit funds, and the company's risk management programs.
"I'm delighted that Textron has the bench strength to fill this position internally," said Textron Chairman and Chief Executive Officer Lewis B. Campbell. "Over the past six years, Mary has proven herself as an exceptional financial professional who is truly committed to enhancing shareholder value."
Lovejoy most recently served as Textron's vice president communications and investor relations. She joined Textron in 1993 as director of investor relations, was promoted to vice president and named a corporate officer in 1995, and assumed additional responsibility for corporate communications in 1996. Prior to joining Textron, Lovejoy was vice president and senior corporate banker at the First National Bank of Chicago. During her 16 years at First Chicago, she held a variety of positions in treasury, corporate banking and structured finance at the bank's Chicago, Boston and London offices.
"Mary has distinguished herself as an executive with exceptional credibility through her sharp financial acumen and deep understanding of our businesses and strategies. She has built positive, productive relationships with members of the investment community," said Key. "This promotion underscores the corporation's confidence in Mary's continued contribution to Textron."
Lovejoy earned an A.B. degree from Dartmouth College and an MBA from the University of Chicago. Succeeding Lovejoy as vice president of communications and investor relations is Douglas R. Wilburne, who is joining Textron after serving critical investor relations and finance posts at Rite Aid Corporation, AMP Incorporated and Bell Atlantic Corporation (for more information, see related press release).
Textron Inc. is an $11.6 billion, global multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies." Additional information is available on www.textron.com.