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LORD Corporation Names Two New Directors to its Board

Published on 2007-08-30. Author : SpecialChem

Cary, NC -- LORD Corporation - a global leader in developing passive and active solutions for noise and vibration, engineered adhesives and high performance coatings for the aerospace, automotive and general industrial markets - has announced that James J. Morris and William T. Powers have joined their Board of Directors. Both join the current Board, comprised of ten members.

According to Dr. Sheldon Buckler, Chairman, LORD Board of Directors, Powers and Morris were selected based on their impressive overall capabilities with emphasis on their experience in innovation.

"Both Powers and Morris have extensive general management and financial experience, but their industry leadership and willingness to embrace innovation set them apart," said Buckler.

Morris retired from The Boeing Company at the end of 2006 after a 35-year career spanning commercial airplanes, helicopters, tilt-rotors and strategic missiles in roles ranging from technology, engineering, flight test, manufacturing and supplier management to program management and joint venture management assignments. In his last assignment at Boeing, he served as Vice President of Engineering and Manufacturing for Boeing Commercial Airplanes.

Prior to this assignment, Morris led the Commercial Airplanes Supplier Management organization where he was responsible for all purchasing and internal parts production for Boeing Commercial jetliners. In addition, Morris previously served as Vice President for Twin Aisle Airplanes with responsibility for the 747, 767 and 777 programs, as well as Vice President for U.S. Army Programs and Military Rotorcraft.

Morris received his bachelor's and master's degrees in Mechanical and Aerospace Engineering from Princeton University. A Boeing Sloan Fellow, he holds a masters degree in Management from Stanford University . In 2006 he was named a Fellow of the Royal Aeronautical Society. His professional affiliations include the American Institute of Aeronautics and Astronautics and the American Helicopter Society. He serves as a member of the board and executive committee of Junior Achievement of Washington. He also serves on the Board of the Alliance for Education. He is a member of the Princeton University Mechanical and Aerospace Engineering Advisory Committee and supports Princeton 's Alumni Schools Committee.

As the Executive Vice President and Chief Financial Officer for Rolls-Royce North America Inc. (RRNA), Powers is responsible for the management and direction of all finance functions including headquarters, accounting, financial service center, treasury and cash management, corporate development, business assurance, corporate risk management, taxation and sales finance. He has held this position since July 2000. Prior to this time, Powers served as the Director, Mergers & Acquisitions for Rolls-Royce plc, as well as the Chief Executive of Rolls-Royce Capital Ltd., both of London. Other experience includes Vice President, Customer Finance for RRNA and Assistant Vice President, Aerospace Industry Unit for Barclays Bank.

In addition to his position with RRNA, Powers serves on the Board of Exostar Inc. and Pembroke Group Inc. With a master's degree in Business Administration, Banking & Finance from the Lubin School of Business at Pace University, Powers has a B.S. in Economics from Villanova University.

About LORD Corporation

With headquarters in Cary, N.C., USA, and sales in excess of $630-MM, LORD Corporation is a privately-held company that designs, manufactures and markets devices and systems to manage mechanical motion and control noise and vibration; formulates, produces and sells general purpose and specialty adhesives and coatings; and develops products and systems utilizing magnetically responsive technologies. With manufacturing in nine countries and offices in more than 15 major business centers, LORD Corporation employs more than 2,400 worldwide.

Source: LORD Corporation

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