Anthony D’Amato Named Borden’s President, Chief Operating Officer
NEW YORK (AP) _ Borden Inc. on Wednesday announced the appointment of Anthony S. D’Amato to the vacant posts of president and chief operating officer.
D’Amato, 59, also was elected to Borden’s board of directors. The appointments are effective July 1.
″Mr. D’Amato’s promotion is an important step in preparation for an orderly succession,″ Borden Chairman and Chief Executive Officer R.J. Ventres said in a news release.
Ventres said D’Amato’s ″distinguished 31-year career at Borden has provided him with broad experience in both consumer and industrial product businesses to apply to the company’s future growth.″
Ventres, 65, is due to retire at the end of 1991.
The pattern at Borden has been that the president and COO is the successor when the chairman and CEO retires, spokesman Nicholas R. Iammartino said.
D’Amato has served in various capacities during his Borden career. He succeeded Ventres as an executive vice president and president of the chemical division in 1985.
Joseph M. Saggese was elected an executive vice president of the company and president of the worldwide packaging and industrial products division, succeeding D’Amato.
Borden, the country’s biggest dairy products company, also makes other foods and non-food consumer items ranging from glue to wallcoverings. It also manufactures industrial products, including chemicals and plastics.
The company has its corporate headquarters in New York.