Emhart Names Chairman
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A 58-year-old former United Technologies Corp. executive has been elected chairman, chief executive and a director of the Emhart Corp., a diversified manufacturing company based in Farmington, Conn.
Peter L. Scott, elected Thursday by Emhart’s directors, will take office around Dec. 1, replacing T. Mitchell Ford, a company announcement said. Ford will serve as chairman of the executive committee until his retirement in April, 1986, and will continue as a director after his retirement.
Scott is a former United Technologies executive vice president and director. He resigned from Hartford-based company in May, 1983, to create Technology Transitions Inc., a Hartford-based high-technology venture capital investment company.
Ford said Emhart was buying a majority stock interest in Technology Transitions as an “investment opportunity.” Emhart has had a limited partner investment in Transitions Two, the venture capital subsidiary of Technology Transitions, since 1984.
Ford took over as chief executive in 1979, when Emhart’s annual sales were $227 million. The corporation is now ranked among the top 200 with revenues near $2 billion and operations in 29 countries.
Emhart produces a variety of electrical and electronic components, commercial and industrial alarm systems, fasteners, residential and industrial hardware, industrial chemicals, glass container manufacturing equipment and shoe manufacturing equipment.
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