Oglebay Norton Board Elects Directors, Lauer Resigns as Chairman
May 14, 2003
Oglebay Norton Co. recently announced that at its annual meeting held on April 30, shareholders elected eight directors proposed by the company. In addition to electing directors, shareholders approved the proposed amendment to the Code of Regulations of the company. Elected as directors for the 2003-2004 term were Malvin E. Bank, William G. Bares, James T. Bartlett, Albert C. Bersticker, John N. Lauer, Madeleine W. Ludlow, Michael D. Lundin and William G. Pryor. At a scheduled board meeting following the annual meeting, John Lauer resigned as chairman of the board and as a director of the company. The board elected Albert Bersticker as non-executive chairman of the board. Bersticker is the retired chairman of the board of Ferro Corp. He has served on the Oglebay Norton board since 1992 and has served as lead director of the board since 1999. Lauer joined Oglebay Norton as president, chief executive officer and a director in December 1997 and was elected chairman of the board in July 1998. He retired as president in November 2001 and as CEO in December 2002. He was succeeded in both positions by the current president and CEO, Michael Lundin.
The company's website is located at http://www.oglebaynorton.com .