This edition marks a record number of companies listed in the Directors Roster. On the following pages, you will see profiled the board recruitment results of 241 companies -- everyone from giant IBM Corp., which added a major media executive to its board, to tiny Biocryst Pharmaceuticals Inc., which added to its board an executive with 20 years experience in senior positions with R.J. Reynolds International.
Part and parcel of this record number of companies is a record number of newly selected directors detailed herein. Our dogged research tracked 315 executives who were tapped for board service in this issue's reporting period. Not to unnecessarily repeat oneself, but the beauty and value of the Directors Roster is that it captures the whole universe of director recruits -- everyone from well-known corporate chieftains (even, occasionally, celebrity figures) to obscure operatives who nonetheless possess something of value in the way of knowledge, skills, contacts, or other expertise that can be added to the competitive arsenal of the recruiting company.
The cover story of this issue, "Creating a Board for an IPO," is a perfectly timed theme to coincide with the occasion of our reporting record numbers in this Directors Roster. The IPO-oriented advice offered by our authors has applications well beyond the concerns and interests of IPO boards and companies. It is not much of a stretch to suggest that the vast range of companies and individuals appearing in this Roster -- a good proxy for our regular subscribers, let it be said -- would benefit from the counsel conveyed by our IPO experts. And our authors who are "outside" the IPO section likewise offer keen counsel that has universal application. Indeed, Scott McNealy's presentation of A Winning Business Model for the '90s," an article of a more macro-strategic nature which leads off this edition, is a model article in its own respect: designed to talk to the management and boards of any company, its message is particularly timely for the CEO and board of a newly public company as they lead it in the next phase of its competitive existence.
The way we craft each issue of Directors & Boards -- from conceiving the article ideas, to enticing the right authors to address those ideas, to then editing the fruits of their wisdom and labor -- is to produce a premier document on governance leadership. We want this product to be pertinent to an IPO board as well as a board of long-standing ... to a first-time director as well as to a renowned veteran ... to a senior management team and board that are in an early stage of "jelling" and need a full menu of advice on the ways of governance as well as to a smooth-running board machine that needs only an occasional tuneup or tip on what may lie ahead that could or should alter its course. This has been our mission for the past 20 years, and we will continue steadfastly to pursue it.
New Directors Companies Adding New Directors 241 Number of Board Positions 318 Number of New Directors 315(*) Category Number Chairman/CEOs 80 Senior Officers 56 Finance 52 Consultants 39 Retired 26 Academia 18 Legal 18 Miscellaneous 17 Not-for-Profit[dagger] 9 Total 315 Women 22
Note: the period covers board appointments from May 1 through July 31, 1995
(*) Three directors were elected to two board seats.
[dagger] Includes foundations, hospitals, etc.
Source: SpencerStuart/Directors & Boards
AH. Belo Corp. Abraxas Petroleum Corp. ACC Corp. Acme Electric Corp. Aerovox Inc. Aetna Life and Casualty AGCO Corp. Alantec Corp. Allwaste Inc. Alpha Microsystems Alpharel Inc. AMBAC Inc. American Bankers Insurance
Group Inc. American Banknote Corp. American Ecology Corp. American Maize-Products Co. Ameron Inc. Apogee Enterprises Inc. Applied Signal Technology
Inc. Armanino Foods of
Distinction Inc. Atlas Corp. Austin Steaks & Saloon Inc. Baldwin Piano & Organ Co. BancFirst Ohio Corp. Bank of Nashville Bank of New York Company
Inc. Barnes & Noble Inc. Becton Dickinson and Co. Big B Inc. BioCryst Pharmaceuticals Inc. Biomagnetic Technologies
Inc. BioSource International Inc. Blount Inc. Bollinger Industries Inc. Boyd Bros. Transportation
Inc. Brown-Forman Corp. Business Objects SA Cabot Corp. California Energy Company
Inc. Cambridge NeuroScience Inc. Cambridge SoundWorks Inc. Camco International Inc. Campbell Soup Company CareLine Inc. Catellus Development Corp. Centennial Technologies Inc. Charter Medical Corp. Chase Manhattan Corp. Churchill Downs Inc. Ciprico Inc. Cleveland-Cliffs Inc. Coca-Cola Bottling Co.
Consolidated Comerica Bank Commonwealth Energy
System Computer Identics Corp. COMSAT Corp. Consumer Portfolio Services
Inc. Continental Airlines Inc. Cooper Companies Inc. Corning Inc. Courier Corp. Creative Programming &
Technology Ventures Inc. Dakota Mining Corp. Data Translation Datakey Inc. Dataware Technologies Inc. Dawson Geophysical Co. Dow Chemical Co. Dual Drilling Company Duplex Products Inc. Eastern Enterprises Electrosource Inc. ELEK-TEK Inc. Employee Solutions Inc. Energy Conversion Devices Energy Ventures Inc. Equitable Resources Ezcony Interamerica Inc. First Bank System Inc. First State Bancorp. Fleetwood Enterprises Inc. Food Lion Inc. Forest City Enterprises Inc. Fort Howard Corp. Franklin Electronic
Publishers Inc. Frontier Corp. FTP Software Inc. Future HealthCare Inc. GameTek Inc. GenCorp Inc. General American Investors
Company Inc. General Microwave Corp. GenRad Inc. Geodynamics Corp. Grant Geophysical Inc. GTECH Holdings Corp. H.F. Ahmanson & Co. H.J. Heinz Co. Happiness Express Inc. Harold's Stores Inc. Hasbro Inc. Hewlett-Packard Co. Homestake Mining Co. Hospital Staffing Services Inc. Human Genome Sciences Inc. Hycor Biomedical Inc. Hydron Technologies Inc. Idec Pharmaceuticals Corp. Illinois Superconductor Corp. Illinois Tool Works Inc. Inphynet Medical
Management Inc. IntelCom Group Inc. International Business
Machines Corp. Internet Communications
Corp. Intervisual Books Inc. IPL Systems Inc. IWI Holding Ltd. J. Ray McDermott S.A Kaiser Aluminum Corp. KeyCorp Kimberly-Clark Corp. KLLM Transport Services
Inc. Kmart Corp. Laser Technology Inc. Leasing Edge Corp. Legg Mason Inc. Leggett & Platt Inc. Ligand Pharmaceuticals Inc. Loral Corp. Lubrizol Corp. Lyondell Petrochemical Co. Marine Drilling Companies
Inc. Maritrans Inc. McAfee Associates Inc. McKesson Corp. McWhorter Technologies Inc. Merry-Go-Round
Enterprises Inc. Metropolitan Life Insurance
Co. MFRI Inc. MGIC Investment Corp. Midlantic Corp. Miller Building Systems Inc. Minnesota Power Mobil Corp. Mobile Telecommunication
Technologies Corp. Molex Inc. Morton International Inc. Mothers Work Inc. Mustang Software Inc. Nabisco Holdings Corp. Nash Finch Co. National Semiconductor
Corp. Neoprobe Corp. Network Express Inc. New Image Industries Inc. New Jersey Resources Corp. Noble Affiliates Inc. Noland Co. NYNEX Corp. Oneok Inc. Oshkosh Truck Corp. Pacific Enterprises Inc. PacifiCorp Paging Network Inc. Perceptron Inc. Periphonics Corp. PHH Corp. Philadelphia Suburban Corp. Physician Computer
Network Inc. Pinnacle West Capital Corp. Precision Systems Inc. Procter & Gamble Co. Quorum Health Group Inc. Raytheon Co. Reading & Bates Corp. Rexene Corp. Right Management
Consultants Inc. Rio Hotel & Casino Inc. Roadway Services Inc. Rochester Community
Savings Bank Ryder System Inc. Safeguard Health
Enterprises Inc. Schering-Plough Corp. Security First Corp. Semtech Corp. Sensormatic Electronics Corp. ShowBiz Pizza Time Inc. Sigma Circuits Sinclair Broadcast Group Inc. Sizeler Property Investors Inc. Smith Corona Corp. Sonesta International Hotels
Corp. Southern Co. Inc. Southwest Water Co. Spec's Music Inc. Stac Electronics Standard Brands Paint Co. Standard Commercial Corp. Standard Register Co. Staodyn Inc. State Auto Financial Corp. State Street Boston Corp. Stevens International Inc. Stewart Enterprises Inc. Stewart Information Services
Corp. Structural Dynamics
Research Corp. Summit Properties Inc. Supervalu Inc. Systemed Inc. 20th Century Industries Teledyne Inc. Telescan Inc. Texaco Inc. Timken Co. Truck Components Inc. TRW Inc. Twin Disc Inc. Union Planters Bank Unocal Corp. Uranium Resources Inc. US Facilities Corp. US Order Inc. UST Corp. VeriFone Inc. VIMRx Pharmaceuticals Inc. VSI Enterprises Inc. W.P. Grace & Co. Walden Residential
Properties Inc. Wang Laboratories Inc. Warner-Lambert Co. Webco Industries Inc. Western National Corp. Western Waste Industries Westinghouse Electric Corp. Westmoreland Coal Co. Wheelabrator Technologies
Inc. Whole Foods Market Wickes Lumber Co. Winstar Communications
Inc. Woolworth Corp. Zurn Industries Inc.
The Directors Roster
Martin D. Porter
The Directors Roster is a detailed record of executives added to corporate boards. The Roster covers a three-month period prior to the publication of each edition of Directors & Boards. It includes companies of all sizes, from billion-dollar blue chips to smaller growth ventures, that have elected new outside directors. The tracking of director appointments and follow-up research is a joint undertaking by Spencer Stuart, a leading firm in executive and director search, and Directors & Boards.
The Roster is organized alphabetically by the company adding the new director(s). A company index leads off the Roster, for ease of scanning the universe of companies included in this listing. At the back of the Roster is a director index which lists all the new directors alphabetically along with the name of the company whose board they joined. The Director Index appears on pages 81-84.
Details included in each Roster entry are the address of the company adding the new director, the address of the director at his or her primary affiliation (when available and for public disclosure), a biographical note on each director, and a description of the businesses of both the company adding the new director and of the director's company. Schools, universities, hospitals...