U.S. Can Holds Annual Shareholders' Meeting; Charles
Gaillard Elected to Board CHICAGO (ots-PRNewswire) - U.S. Can Corporation (NYSE: USC) held its 1999 Annual Shareholders' Meeting today and elected Charles W. Gaillard, president of General Mills, to a three year term on its Board of Directors. Also re-elected to the Board of Directors were current Board members Ricardo Poma, managing partner and chief executive officer of Grupo Poma, and Louis B. Susman, vice chairman of Investment Banking and managing director of Salomon Smith Barney Inc. "Mr. Gaillard will be an outstanding addition to our Board of Directors," says U.S. Can Chairman and Chief Executive Officer, Paul W. Jones. "His operations and marketing background will enhance our already strong Board." Mr. Gaillard joined General Mills in 1966 and since that time has advanced through various food marketing management positions, becoming executive vice president in 1989 and vice chairman in 1993. From 1989 to 1993 he was chief executive officer of Cereal Partners worldwide, a joint venture of General Mills and Nestle, S.A. He assumed his position as president of General Mills in 1995. A director of Whitman Corporation, Mr. Gaillard also serves on the board of Overseers for the Carlson School of Management of the University of Minnesota and is vice president of the Minnesota Orchestral Association Board. He is currently standing for election to the Board of Directors of Valspar Corporation. In other business, shareholders voted to approve the U.S. Can Corporation 1999 Equity Incentive Plan, which would allow for stock options, which would vest upon achievement of certain Common Stock price hurdles, to be issued to attract and retain quality personnel. "I am extremely pleased this plan was approved because it links employee compensation to the enhancement of long- term shareholder return," Jones says. U.S. Can Corporation is a leading manufacturer of steel containers for personal care, household, automotive, paint and industrial products in the United States and Europe, as well as plastic containers in the United States. ots Original Text Service: U.S. Can Corporation Internet: http://www.newsaktuell.de Contact: Dianne Steele, Director - Corporate Communication of U.S. Can Corporation, 630-571-2564 Web site: http://www.uscanco.com
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