AlliedSignal CEO is named business leader of the year

March 12, 1995|By a Sun Staff Writer

Lawrence A. Bossidy, chairman and chief executive officer of AlliedSignal Inc., has been named business leader of the year by the Sellinger School of Business at Loyola College in Maryland.

Mr. Bossidy, 60, became CEO of the Fortune 500 diversified company in July 1991 and then chairman in January 1992. Before coming to Allied, he worked for General Electric Co. for 34 years, rising to the position of vice chairman and executive officer.

While he has been head of AlliedSignal, the company has doubled its earnings and stock price. The company, which had sales of nearly $13 billion last year, made $759 million in 1994.

It also has started new ventures in China, India, and Mexico.

AlliedSignal, which has a work force of 87,500, employs 4,100 in Maryland in three divisions that make computer parts, provide technical and managerial services and manufacture air traffic and military electronics.

Mr. Bossidy will receive the award at a dinner at Stouffer's Harborplace Hotel on March 21.

First awarded in 1983, previous recipients have included J. Willard Marriott Jr., chairman of Marriott Corp.; Hays T. Watkins Jr., former chairman of CSX Corp.; William R. Howard, former chairman of Piedmont Airlines and Alan P. Hoblitzell Jr., former chairman of MNC Financial Inc.

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