ORANGE, CT. (February 19, 2002) -- Hubbell Incorporated (NYSE: HUBA, HUBB) today announced that William T. Tolley, 44, has joined the Company as Senior Vice President and Chief Financial Officer. Tolley will report to Timothy H. Powers, President and Chief Executive Officer, and will be responsible for leading Hubbell's financial functions including treasury, taxes, accounting, financial reporting, and real estate.
With more than twenty years of experience in manufacturing and finance, Tolley joins Hubbell from the Chesapeake Corporation where he served as Senior Vice President and Chief Financial Officer. Prior to that, he had advanced through positions of increasing responsibilities in operations and corporate management with Eastman-Kodak, Chesebrough-Ponds, Textron, and United Technologies Corporation.
“Bill Tolley brings experience across a wide range of manufacturing experience and accomplishment in financial management,” said Tim Powers, “that is a perfect fit for Hubbell.
With our diversity of products and markets, efficiency in asset management and the financial disciplines to support it are critical components of success. Bill's expertise in both spheres will play an integral role in the Company's future growth.”
Tolley earned his M.B.A. in Finance from the Wharton School at the University of Pennsylvania. He also holds a Bachelor of Science in Mechanical Engineering and Economics from Tufts University. He will be based at Hubbell's corporate headquarters in Orange, CT.
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, utility, and telecommunications markets. With approximately $1.3 billion in annual revenues, 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.
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Contact: Thomas R. Conlin