Gould Chief Steps Down
William G. Ylvisaker, chief executive of Gould Inc., will step down next spring, but will continue as board chairman, the company says.
Ylvisaker, 61, who transformed Gould from a medium-sized battery company into a $2-billion-a-year electronics company, will also take a new position as chairman of the executive committee, with a principal focus on strategic planning as well as acquisitions and divestitures.
Starting April 29, the chief executive of the company, based in Rolling Meadows, Ill., will be James F. McDonald. He now serves as the firm’s chief operations officer.
Officials at Gould, a major defense contractor, said the shift is “consistent with its management transition plan announced July 17, 1984,†when McDonald joined the firm.
McDonald, 45, came to Gould after spending 21 years with International Business Machines Corp.
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