HVAC Breaking News

Dec. 30, 2005: Thomas & Betts Selects Pileggi As Chairman

December 30, 2005
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MEMPHIS, Tenn. - The board of directors of Thomas & Betts Corp., as part of the company's succession plan, has elected Dominic J. Pileggi to succeed T. Kevin Dunnigan as chairman of the board. Dunnigan announced his retirement, effective Dec. 31, 2005, as a member of the board and as its chairman.

Dunnigan joined Thomas & Betts in 1962. He was named chief executive officer in 1985 and chairman of the board in 1992. In 1997, he retired from active management while continuing to serve as the company's chairman. He returned to active management in August 2000 to lead the company's turnaround. In 2004, he retired from active management while continuing to serve as non-executive chairman of the board.

"We would like to express our sincere thanks to Kevin Dunnigan for his dedication and service to Thomas & Betts," said Pileggi. "Kevin led the company through the best of times and the most challenging of times."

Pileggi is president and chief executive officer, a position he has held since January 2004. Pileggi served as the company's chief operating officer in 2003 and as president of the company's electrical products business from October 2000 to January 2003.

In addition, the board designated Kenneth R. Masterson, a member of the board, to serve as lead director. Masterson is the retired executive vice president, general counsel, and secretary of FedEx Corp. He joined the Thomas & Betts board of directors in 1995.

Publication date: 12/26/2005

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