ORANGE, Conn.--(BUSINESS WIRE)--June 4, 2003--The Board of Directors of Hubbell Incorporated (NYSE: HUBA, HUBB) today elected Richard J. Swift as a Director of the Company. This addition to the Hubbell Board brings the total number of Directors to ten.
Mr. Swift, 58, is currently Chairman of the Financial Accounting Standards Advisory Council which advises the Financial Accounting Standards Board (FASB) on matters pertaining to the establishment of Generally Accepted Accounting Principles (GAAP). Mr. Swift was associated with Foster Wheeler Ltd., (NYSE: FWC) for 29 years before retiring in 2001 from his positions as Chairman of the Board, President, and Chief Executive Officer. He currently serves as a Director on the Boards of Public Service Enterprise Group, Ingersoll Rand Company, Ltd., and Kaman Corporation.
Also today, the Board declared a regular quarterly dividend of $.33 per share on the Company's Class A and Class B common stock. The dividend will be paid on July 11, 2003 to shareholders of record on June 16, 2003.
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, residential, utility, and telecommunications markets. With 2002 revenues of $1.6 billion, Hubbell Incorporated operates manufacturing facilities in North America, Puerto Rico, Mexico, Italy, Switzerland, and the United Kingdom, participates in a joint venture in Taiwan, and maintains sales offices in Singapore, Hong Kong, South Korea, People's Republic of China, and the Middle East. The corporate headquarters is located in Orange, CT.
CONTACT: Hubbell Incorporated Thomas R. Conlin, 203/799-4100 SOURCE: Hubbell Incorporated