|
PRESS RELEASES
OAK BROOK, Ill., April 23 /PRNewswire-FirstCall/ -- Federal Signal
Corporation (NYSE: FSS) announced today the appointment of Joseph R. Wright to
its board for a one-year term. Mr. Wright was recommended by Ramius LLC for
appointment to the Federal Signal board pursuant to the terms of the
March 12, 2008 agreement signed by Federal Signal and RCG Starboard Advisors,
LLC, funds managed by it and certain of its affiliates including Ramius LLC.
As a result of this appointment, Federal Signal's board will be expanded to 10
members.
Wright, 69, is currently chairman of the board and director of Intelsat
Ltd., the world's leading provider of commercial satellite services. In
addition to his responsibilities at Intelsat, Wright is a director/advisor of
Scientific Games and Terremark Worldwide, and he is a member of the
President's National Security Telecommunications Advisory Committee, the
Department of Defense's Business Board and Science Board task force on
interoperability, and the FCC's Network Reliability and Interoperability
Council. Previously, he had been chairman and director of GRC International
Inc., co-chairman of Baker & Taylor Holdings, Inc., EVP, vice chairman, and
director of W. R. Grace & Company, president of Citicorp Retail Services, and
a partner of Booz, Allen and Hamilton. In the 1980's he served in the U.S.
Government under President Reagan as Director of the Federal Office of
Management and Budget and a member of the Cabinet, and earlier as Deputy
Secretary of Commerce. He was later appointed to the President's Export
Council by President George H.W. Bush as Chairman of the Export Control
Sub-Committee.
"We are delighted to welcome Joe to our board," said Jim Janning, Federal
Signal chairman. "He brings extensive experience in government, security and
telecommunications and we look forward to working with Joe."
Wright said, "There is a tremendous opportunity to create shareholder
value at Federal Signal. The company has a robust collection of high quality
products in the safety and security industry and I believe my experience is
well suited to help guide this 107 year old company. I am pleased to be a part
of Federal Signal and look forward to working with the other board members."
About Federal Signal
Federal Signal Corporation (NYSE: FSS) is a leader in advancing security
and well-being for communities and workplaces around the world. The Company
designs and manufactures a suite of products and integrated solutions for
municipal, governmental, industrial and airport customers. Federal Signal's
portfolio of trusted, high-priority products include Bronto aerial devices,
Elgin and Ravo street sweepers, E-ONE fire apparatus, Federal Signal safety
and security systems, Guzzler industrial vacuums, Jetstream waterblasters and
Vactor sewer cleaners. Federal Signal was founded in 1901 and is based in Oak
Brook, Illinois. http://www.federalsignal.com
SOURCE Federal Signal Corporation
|
