Textron Elects James L. Ziemer to Board of Directors
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40 Westminster St., P.O. Box 878
Providence, RI, 02901
Press release date: February 28, 2007
PROVIDENCE, R.I Feb 28: Textron Inc. (NYSE: TXT) today announced that James L. Ziemer has been elected to the company's Board of Directors, effective March 1st, 2007. Ziemer is President and Chief Executive Officer of Harley-Davidson, Inc. Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services.
"Textron is honored to welcome Jim to our Board," said Textron Chairman, President and CEO Lewis B. Campbell. "As we work to expand our brand equity and presence worldwide, Jim's extensive expertise in developing and driving global brands - and in fostering outstanding customer satisfaction and loyalty - will be invaluable to Textron as we advance our vision to become the premier multi-industry company."
With the addition of Ziemer, Textron's Board of Directors is now comprised of eleven independent, non-employee directors, plus Lewis B. Campbell.
Ziemer's career at Harley-Davidson has spanned more than 38 years. He served as Vice President and Chief Financial Officer from 1990 until his election as Chief Executive Officer in April 2005. From 1993 to 2006, he also served as President of the Harley-Davidson Foundation, which provides targeted funding to non-profit initiatives in the company's home communities. In addition, he has served on Harley-Davidson's Board of Directors since December 2004.
Since he began working at Harley-Davidson in 1969, Ziemer has held a series of positions in manufacturing, engineering, accounting, parts and accessories and finance. His first job at the company was in a union position as a freight elevator operator. In 1970, he left Harley-Davidson for a two-year military tour, rejoining the company in 1972.
Ziemer earned BS and MBA degrees from the University of Wisconsin-Milwaukee, and is also a Certified Public Accountant. A native of Milwaukee, Ziemer serves on the Board of Directors of Milwaukee Junior Achievement.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
Contacts Textron Inc. Investor Contact: Doug Wilburne, 401-457-2353 or Bill Pitts, 401-457-2502 or Media Contact: Karen Gordon Quintal, 401-457-2362 or Kim Reingold, 401-457-2494
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