Baker Elected Chairman of Ecolab Board; Schuman named Chairman Emeritus
May 12 2006 - 4:30PM
Business Wire
Consistent with its previously announced intention, the Board of
Directors of Ecolab Inc. has elected Douglas M. Baker, Jr.,
currently President and Chief Executive Officer, to the additional
post of Chairman of the Board. Baker succeeds Allan L. Schuman, who
retired from the board. Schuman was named to the honorary post of
Chairman Emeritus. Commenting on the announcement, Baker said,
"This is a great honor, and I thank the board for their confidence.
I look forward to further serving Ecolab, our shareholders and all
of our dedicated associates worldwide in this expanded role. I also
wish to thank Al Schuman for his leadership and many contributions
to the company during his outstanding 49-year career with Ecolab.
"This is a truly great time for Ecolab, and a great time to lead
this terrific company. We have expanded and improved our global
sales and service coverage, increased our legendary product and
service differentiation, and built an even stronger growth
platform. We are the clear global leader serving growing markets,
yet still have major opportunities to further expand our market
share. We have both top line and margin growth ahead of us, and
will utilize our Circle the Customer strategy and our anchor
technology innovation to deliver on our objective of sustainable
15% earnings per share growth. We are invigorated by the
outstanding opportunities before us and focused in our aggressive
pursuit of them." With 2005 sales of $4.5 billion, Ecolab is the
leading global developer and marketer of premium cleaning,
sanitizing, pest elimination, maintenance and repair products and
services for the hospitality, foodservice, healthcare and
industrial markets. Ecolab shares are traded on the New York Stock
Exchange under the symbol ECL. Ecolab news releases and other
investor information are available on the Internet at
http://www.ecolab.com.
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