Textron Elects Lionel L. Nowell III to Board of Directors
October 23 2019 - 2:19PM
Business Wire
Textron Inc. (NYSE: TXT) announced that Lionel L. Nowell III has
been elected to the company's Board of Directors, effective January
1, 2020. Nowell is the retired Senior Vice President and Treasurer
of PepsiCo, Inc., a worldwide food and beverage company, and has
over 30 years of experience as a finance professional through
operational and financial management roles he held at several
multinational corporations.
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Lionel L. Nowell III has been elected to
Textron's Board of Directors, effective January 1, 2020. (Photo:
Business Wire)
"We are extremely fortunate to welcome Lionel Nowell to our
Board," said Textron Chairman and CEO Scott Donnelly. "Lionel’s
broad financial expertise and extensive board level experience will
be invaluable to Textron," Donnelly added.
Nowell retired from PepsiCo in 2009 where he managed a global
staff with responsibility for the company’s worldwide Treasury
function, including debt and investments, capital markets
strategies, foreign exchange, insurance, share repurchase and
pension plan investments. He joined PepsiCo in 1999 as Senior Vice
President and Corporate Controller, and from 2000-2001 served as
the Executive Vice President and Chief Financial Officer of Pepsi
Bottling Group, Inc. before being named Senior Vice President and
Treasurer of PepsiCo in 2001, a role he held until his
retirement.
Prior to PepsiCo, Nowell served as Senior Vice President,
Strategy and Business Development at RJR Nabisco from 1998 to 1999
and from 1991 to 1998, he held various senior financial roles at
the Pillsbury division of Diageo plc, including Chief Financial
Officer of its Pillsbury North America, Pillsbury Foodservice and
Häagen-Dazs businesses. Earlier in his career, he held finance
roles at Pizza Hut, which at the time was a division of PepsiCo,
and Owens Corning. He has a B.S.B.A. in Finance Accounting from
Ohio State University and is a certified public accountant.
Nowell has been a member of the board of directors of American
Electric Power Company since 2004 and of Bank of America
Corporation since 2013. He was named to the board of Ecolab Inc. in
2018.
About Textron Textron Inc. is a multi-industry company
that leverages its global network of aircraft, defense, industrial
and finance businesses to provide customers with innovative
solutions and services. Textron is known around the world for its
powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen,
Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU
Simulation + Training. For more information visit:
www.textron.com
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Investor Contacts: Eric Salander – 401-457-2288 Jeffrey
Trivella – 401-457-2288 Media Contact: David Sylvestre–
401-457-2362
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