CHICAGO, April 28 /PRNewswire/ -- At the annual meeting held today,
shareholders elected 12 nominees to the Board of Directors, 10 of whom served
the previous year and 2 who are new. The directors who served previously are:
George R. Baker
Corporate Director/Advisor
Jere D. Fluno
Vice Chairman
W.W. Grainger, Inc.
Wilbur H. Gantz
Chairman and Chief Executive Officer
PathoGenesis Corporation
David W. Grainger
Senior Chairman of the Board
W.W. Grainger, Inc.
Richard L. Keyser
Chairman of the Board and
Chief Executive Officer
W.W.Grainger, Inc.
John W. McCarter, Jr.
President and Chief Executive Officer
The Field Museum of Natural History
James D. Slavik
President
Mark IV Capital, Inc.
Harold B. Smith
Chairman of the Executive Committee
Illinois Tool Works Inc.
Fred L. Turner
Senior Chairman of the Board and
Chairman of the Executive Committee
McDonald's Corporation
Janiece S. Webb
Senior Vice President and
General Manager
Personal Networks Group
Personal Communications Sector
Communications Enterprise
Motorola Inc.
The new directors are:
Brian P. Anderson
Senior Vice President and
Chief Financial Officer
Baxter International Inc.
Neil S. Novich
Chairman, President, and
Chief Executive Officer
Ryerson Tull, Inc.
OTHER ACTIONS TAKEN BY SHAREHOLDERS.
Shareholders ratified the appointment of Grant Thornton LLP to continue as
the independent auditors for the year ending December 31, 1999.
CAPITAL EXPENDITURES.
Shareholders were also told that 1999 capital expenditures are projected
at $140 million, with the majority of dollars committed to three project
areas:
-- Expanding the Company's branch and logistics network, including the
addition of 21 new branches in the United States and 11 in Canada.
-- Continuing the enhancement of the Company's information systems
capabilities.
-- The final construction phase of the Company's new Lake Forest office
facility.
W.W. Grainger, Inc. (GWW), with 1998 sales of $4.3 billion, is the leading
North American provider of maintenance, repair, and operating (MRO) supplies,
services, and related information to businesses and institutions. GWW shares
are traded on the New York and Chicago stock exchanges. For more information,
visit Grainger on line at http://www.grainger.com.
SOURCE W.W. Grainger, Inc.
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Related links: http://www.grainger.com
Company News On-Call: http://www.prnewswire.com/comp/953850.html or fax, 800-758-5804, ext. 953850
CONTACT: Robert D. Pappano of W.W. Grainger, Inc., 847-793-6442
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