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Briggs & Stratton CEO Shiely to Retire
Briggs & Stratton Corp. said chief executive John Shiely plans to retire Dec. 31.
The company said the board of directors is expected to appoint Todd J. Teske, president and chief operating officer, as president and CEO effective Jan. 1.
Provided that Shiely is re-elected as a director at the 2009 annual meeting of shareholders Oct. 21, he intends to continue to serve as a director and chairman until the 2010 annual meeting of shareholders, the company said.
Shiely has been chairman and chief executive of Briggs since September, after serving as chairman, CEO and president since January 2003.
He previously served as president and CEO, president and chief operating officer, executive vice president-administration, and general counsel.
Teske, 44, has served as president and chief operating officer since Sept. 1. He is also president of Briggs & Stratton Power Products Group LLC. He previously served as executive vice president and chief operating officer since September 2005, and as senior vice president and president-Briggs & Stratton Power Products Group LLC, from September 2003 until August 2005.
Source: Milwaukee Journal Sentinel
