Cooper Industries Approves Appointment of Two Director Nominees, Lawrence D. Kingsley and Dr. Mark S. Thompson
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HOUSTON, March 9, 2007 -- Cooper Industries, Ltd. (NYSE:CBE) today announced its Board of Directors has approved the appointment of two new Director nominees, Lawrence D. Kingsley and Dr. Mark S. Thompson. The Director nominees are subject to election at Cooper's Annual Meeting of Shareholders on April 24. Successful election would increase the size of the Board from 9 to 11 and add leadership from current industry executives focused on advanced technology and operational excellence.
Mr. Kingsley is Chairman and Chief Executive Officer of IDEX Corporation. He was named Chairman in April 2006, President and Chief Executive Officer in March 2005 and Chief Operating Officer in August 2004. Prior to joining IDEX, Kingsley held executive positions at Danaher Corporation serving as Corporate Vice President and Group Executive for the Sensors and Controls business from March 2004 to August 2004; President, Industrial Controls Group from April 2002 to July 2004; and President, Motion Group, Special Purpose Systems from January 2001 to March 2002.
Dr. Thompson has served as President and Chief Executive Officer of Fairchild Semiconductor International, Inc. since May 2005 and was previously the Executive Vice President, Manufacturing and Technology Group. Prior to joining Fairchild in December 2004, Dr. Thompson was President and Chief Executive Officer of Big Bear Networks, Inc. since August 2001 and before that, Vice President and General Manager of Tyco Electronics Power Components Division. He also serves as a Director for American Science and Engineering, Inc. and Fairchild Semiconductor International, Inc.
About Cooper Industries
Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices and Cooper Tools Group. Cooper Connection provides a common marketing and selling platform for Cooper's sales to electrical distributors. For more information, visit the website at www.cooperindustries.com.
For information contact:
Jon Safran
Director, Investor Relations
(713) 209-8610
safran@cooperindustries.com
