Summary
Ecolab Inc. (ECL) announced on November 6, 2009, a strategic expansion of its Board of Directors, increasing its size from 11 to 12 members. The company appointed Victoria J. Reich, Senior Vice President and Chief Financial Officer of United Stationers Inc., to fill this new position. This move is presented as a response to the recommendation of the Board's Governance Committee, indicating a deliberate and considered decision by the company's leadership.
Key Highlights
- 1Ecolab Inc. increased its Board of Directors size from 11 to 12 members.
- 2Victoria J. Reich was appointed as a new director.
- 3Ms. Reich holds the position of Senior Vice President and Chief Financial Officer at United Stationers Inc.
- 4Ms. Reich's appointment is effective November 6, 2009.
- 5She will serve as a Class II director with a term ending in 2012.
- 6Ms. Reich brings extensive financial management experience from previous roles at Brunswick Corporation and General Electric Company.
- 7She has been appointed to serve on Ecolab's Audit and Finance Committees.
Frequently Asked Questions
Ecolab expanded its Board of Directors from 11 to 12 members based on the recommendation of the Board's Governance Committee, suggesting a strategic decision to add to the board's expertise or capacity.
Victoria J. Reich is the Senior Vice President and Chief Financial Officer of United Stationers Inc. She has a strong financial background, with ten years of executive experience at Brunswick Corporation and seventeen years in financial management at General Electric Company.
Ms. Reich has been appointed to serve on Ecolab's Audit and Finance Committees.
Ms. Reich will serve as a Class II director, with her term ending in 2012. This aligns with the company's existing structure of dividing directors into three classes.