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Larscom Incorporated (LARS) Message Board

  • xfein xfein Sep 21, 1999 9:44 AM Flag

    AXEL appointed CEO

    Milligan Is Named Permanent President and Chief
    Executive of Axel Johnson Inc.
    STAMFORD, Conn., Sep 17,
    1999 (BUSINESS WIRE) -- Lawrence D. "Mike" Milligan,
    63, has been appointed permanent president and chief
    executive officer of Axel Johnson Inc., according to
    Antonia Ax:son (ok) Johnson, chairman and owner.

    Milligan was named acting chief executive in June,
    replacing Paul E. Graf, who resigned. "After an intensive
    search we discovered that our best candidate was already
    in place," said Ms. Johnson. "Mike's successful
    career as a senior executive plus his years of service
    on our board place him in a unique position to lead
    Axel Johnson into the next century."
    Milligan
    retired in 1998 as a senior vice president of The Procter
    & Gamble Company where he was responsible for
    worldwide sales. He has been a director of Axel Johnson
    since May, 1991, and vice chairman since July, 1998. He
    recently became chairman of Larscom Incorporated
    (LARS-NASDAQ, the first Axel Johnson subsidiary to become
    publicly held). He also serves on the boards of United
    States Playing Card and The Portman Equipment Company.

    A veteran of the U.S. Marine Corps, Milligan earned
    a BA degree from Williams College. Headquartered in
    Stamford, Axel Johnson Inc. is a privately owned
    diversified manufacturing and service organization operating
    in three business areas: the environment,
    telecommunications, and energy. The company, which generated 1998
    revenues of more than $1.1 billion, has approximately
    1,600 employees in plants and offices throughout the
    U.S.

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