UNOVA Board Approves Corporate Identity and Management Changes
September 12 2005 - 5:07PM
Business Wire
With the divestiture of its last Industrial Automation business
unit planned by year-end 2005, the UNOVA (NYSE:UNA) Board of
Directors has approved a corporate name change effective January 1,
2006. UNOVA, Inc. will become Intermec, Inc. on that date. The
parent company will continue to be comprised of its wholly owned
subsidiary, Intermec Technologies Corporation, and other UNOVA
subsidiaries. A streamlined management structure will parallel the
corporate identity change. Larry Brady, Chairman and CEO of the
parent company, will retain that position. At the request of the
Board, Brady has agreed to extend his retirement date to August
2009. Effective immediately, Steve Winter assumes the position of
President of the subsidiary, Intermec Technologies Corporation,
replacing Tom Miller. Miller has been named Vice President of
Corporate Development for the parent company. Robert Smith,
President of Industrial Automation Systems, will leave the company
effective December 31, 2005. Rick Andersen has been elected a Vice
President and Controller of the parent company and has been named
Acting Chief Financial Officer. About UNOVA UNOVA is a leader in
global supply chain solutions and in the development, manufacture
and integration of wired and wireless automated data collection,
Intellitag(R) RFID (radio frequency identification), mobile
computing systems, bar code printers and label media. The company's
products and services are used by customers in many industries to
improve productivity, quality and responsiveness of business
operations, from supply chain management and enterprise resource
planning to field sales and service. www.unova.com.
(Forward-looking Statement) Certain forward-looking statements in
this release (as defined by Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934) relate to matters that are not historical facts. They
include, but are not limited to, statements about the Company's
ability to, complete its divestiture of its Industrial Automation
business unit and corporate name change. Such forward-looking
statements involve and are dependent upon certain risks and
uncertainties. These include, but are not limited to, other risks
and uncertainties described more fully in the Company's filings on
Form 10-K and 10-Q with the Securities and Exchange Commission.
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