ACCO Brands Corporation (NYSE:ABD), a world leader in select categories of branded office products, announced today that Robert H. Jenkins has been appointed to its board of directors effective today. Mr. Jenkins will serve until the company’s annual stockholders’ meeting to be held in 2008, filling the vacancy left on the board due to the resignation of Forrest M. Schneider in November, 2006.
Mr. Jenkins is the retired Chairman and Chief Executive Officer of Sundstrand Corporation, a diversified international company and the leading global supplier of aircraft electric generating systems for the aerospace industry. In 1999, Sundstrand merged with United Technologies Corporation. Prior to joining Sundstrand, Mr. Jenkins was Executive Vice President of Illinois Tool Works, Inc., where he had served for seventeen years in various business leadership roles.
Mr. Jenkins currently is the lead director of AK Steel Holding Corporation, having served as board Chairman for two years. He also serves as a board director for Clarcor, Inc., and Solutia, Inc. In 2003 he was selected by Board Alert as one of the year’s seven Outstanding Directors in the United States. He is a past member of the board of trustees for the Manufacturers Alliance and the National Association of Manufacturers.
"We are pleased to welcome Bob Jenkins to our board," said David D. Campbell, Chairman and Chief Executive Officer. "We know we will benefit greatly from his extensive experience as a business leader and a director of other corporations."
About ACCO Brands Corporation
ACCO Brands Corporation is a world leader in select categories of branded office products, with annual revenues of nearly $2 billion. Its industry-leading brands include Day-Timer®, Swingline®, Kensington®, Quartet®, GBC®, Rexel®, and Wilson Jones®, among others. Under the GBC brand, the company is also a leader in the professional print finishing market.
Forward-Looking Statements
This press release contains statements which may constitute "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and uncertainties, are made as of the date hereof and the company assumes no obligation to update them. ACCO Brands' ability to predict results or the actual effect of future plans or strategies is inherently uncertain and actual results may differ from those predicted depending on a variety of factors, including but not limited to fluctuations in cost and availability of raw materials; competition within the markets in which the company operates; the effects of both general and extraordinary economic, political and social conditions; the dependence of the company on certain suppliers of manufactured products; the effect of consolidation in the office products industry; the risk that businesses that have been combined into the company as a result of the merger with General Binding Corporation will not be integrated successfully; the risk that targeted cost savings and synergies from the aforesaid merger and other previous business combinations may not be fully realized or take longer to realize than expected; disruption from business combinations making it more difficult to maintain relationships with the company's customers, employees or suppliers; foreign exchange rate fluctuations; the development, introduction and acceptance of new products; the degree to which higher raw material costs, and freight and distribution costs, can be passed on to customers through selling price increases and the effect on sales volumes as a result thereof; increases in health care, pension and other employee welfare costs; as well as other risks and uncertainties detailed from time to time in the company's SEC filings.
