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KOSICH SAYS GOODBYE TO EATON'S

T. Eaton Company Ltd. president and CEO George Kosich has resigned from the position. "This is a further step in the evolution of our corporate leadership," board chair Brent Ballantyne says in a release. "George Kosich's mandate upon joining Eaton's in June of 1997 was to guide the company successfully through the court-supervised restructuring process as well as to develop and initiate elements of a new business strategy. He and the board agree that he has achieved these objectives during the past eighteen months." Ballantyne will head a committee of the company's executives to run the company pending the appointment of a new president.

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