January February 2005





Kennedy and Collins Elected Blount Directors
Blount International, Inc. announced that William A. Shutzer resigned as a director of the Corporation. The Board of Directors elected Joshua ("Josh") L. Collins to fill Shutzer's unexpired term from January 2, 2005 until the next Annual Meeting of Stockholders in April 2005. In an unrelated move, the Board also amended the by-laws to raise the number of directors constituting a full board from seven to eight, and elected Robert D. Kennedy to fill the eighth directorship effective January 2, 2005, until the next Annual Meeting. Mr. Kennedy, 72, served as president and chief executive officer of Union Carbide Corporation from 1986 through 1995. Collins, 39, is a Principal of Lehman Brothers Merchant Banking ("LBMB") and a Senior Vice President of Lehman Brothers.

Acrowood Promotes West
Acrowood’s staff has seen some changes recently. Alex Krajsek, Acrowood’s Service Manager for over three decades, recently retired. Roger West was promoted from Northwest Territorial Service man to Service Manager. West has served Acrowood for two years. Prior to that he was with various companies, including Rader, and later Beloit, where he served as a service technician in his early career. He currently lives in the Portland, Ore. area.

Deere Donates $1 Million to International Tsunami Relief Effort
The John Deere Foundation donated $1 million to the ongoing relief and restoration efforts related to the Asian earthquake and tsunami disaster. Foundation officials said the money will be provided for international relief efforts through the American Red Cross, efforts that are expected to be ongoing for many months. "This disaster has touched all of us deeply as individuals," said Deere & Company chairman and chief executive officer Robert W. Lane. "Our heartfelt thoughts and prayers go out to all who have been affected by this unimaginable disaster."

Anderson Appointed to Washington Timber Board
Ted Anderson joined the Washington State Board of Natural Resources, the six-member board that sets the policies for the Department of Natural Resources. Anderson represents 17 Western Washington counties that have forest board timberlands.

Ponsse Reorganizes
To enable it to better respond to growing international challenges, Ponsse Oyj is overhauling its organization. Members of the new Management Team are responsible for core business areas on a global basis. President and CEO Arto Tiitinen will serve as Chairman of the Management Team.


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This page was last updated on Wednesday, March 23, 2005