People and Places, August 2013

KEY-BAK Marks 65th Anniversary

KEY-BAK®, the originator of the retractable key reel, celebrates its 65-year anniversary in 2013. KEY-BAK continues its tradition of creating durable products for hardware/construction workers and other industries to secure keys, tools and gear.

The Original KEY-BAK self-retracting key reel and the company's full line of key and I.D. badge security items for industry professionals are daily necessities to our clients. 80 percent wear a KEY-BAK every workday and 20 percent wear one every day.

West Coast company founder, W.R. Lummis, invented the Original KEY-BAK Self Retracting Key Reel in 1948. As a switchman on the Pacific Electric Railway in Los Angeles, he saw brakemen and switchmen injured when their dangling key chains got caught on moving trains. Lummis had an idea for a reel that would keep keys within reach at the wearer’s side, safe from snagging on moving railcars and machinery. His idea became the first KEY-BAK.

From Key-BAK’s inception, its products have been proudly made in the USA with the highest quality standards. For 65 years KEY-BAK has helped workers around the world secure their keys, I.D. badges and tools with self-retracting reels.

In its corporate office in Southern California, all research, design, manufacturing, quality assurance testing, packaging, shipping and customer service takes place. This ensures that every KEY-BAK product is made with the same precision as the first, keeping standards high and customers satisfied.

For more information about KEY-BAK, visit www.KEYBAK.com.

 

Southern Lock Announces Promotions

Southern Lock & Supply Co. announces the following promotions and position changes:

Shawn Manley (6 years with Southern Lock) is the new warehouse manager.

Kelly Morrison (15 years on the job) has been named warehouse supervisor.

Tim Twinham (almost 9 years on the job) has been promoted to commercial sales supervisor.

Natalie Venero (almost 9 years) has moved from dealer sales to commercial sales.

Jason Sigal (7 years) has moved into dealer sales.

Mike Richardson (almost 2 years) has moved from receiving to counter sales.

Judy Bolton (1 year) has moved from accounts receivable and is now a customer service representative.

For more information on Southern Lock & Supply Co., visit www.southernlock.com.

 

Horan Heads Fortune Brands Home & Security

Terry Horan has been named president of Fortune Brands Home & Security, Inc. security and storage business, which includes Master Lock padlocks and related security products, and Waterloo tool storage products.

Horan, formerly president and chief executive officer of Robert Bosch Tool Corporation, replaces John Heppner who previously announced his plans to retire in 2013. Horan assumed full responsibility for leadership of the business on July 8 and reports to Chris Klein, CEO, Fortune Brands Home & Security.

"Terry Horan is a proven leader and a perfect fit for Fortune Brands Home & Security," said Klein. "He has a track record of building a growth culture centered on strong brands and consumer-driven innovation. Terry brings more than 25 years of experience including brand building, product development and both retail and commercial channel expertise that will be invaluable to continued growth for our security and storage business."

 

IR Security Spinoff Named Allegion  

Ingersoll-Rand plc has filed a Form 10 Registration Statement with the U.S. Securities & Exchange Commission to spin off its commercial and residential security businesses, which will be named Allegion plc. According to Ingersoll Rand, the Allegion name rrepresents the collaborative, long-term relationships the company forges with customers. It embodies the company’s team of experts and their relentless commitment to safeguarding people and property.

Commenting on the new name, Ingersoll Rand Chairman and CEO Michael W. Lamach said, “Allegion further conveys the enduring legacy of our innovative security products and solutions, which people depend on to work seamlessly at critical moments, and function effortlessly in daily use. It’s on that tradition that Allegion pledges its promising future as a leader in the global safety and security industry.”

Patrick Shannon, vice president and treasurer for Ingersoll Rand, was named senior vice president and CFO; and Barbara Santoro, vice president of corporate governance and secretary of Ingersoll Rand, was named senior vice president, general counsel and secretary for Allegion. Allegion’s CEO will be named later this year.

Board of directors members are:

David B. Burritt, former vice president and chief financial officer of Caterpillar Inc., who will chair the Audit Committee.

Michael J. Chesser, former chairman and CEO of Great Plains Energy Inc., who will chair the Compensation Committee.

Carla Cico, former CEO of Rivoli S.p.A. and Ambrosetti Consulting.

Kirk S. Hachigian, former chairman, president and CEO of Cooper Industries plc, who will be the board’s lead director or non-executive chairman.

Luc Oursel, chairman, president and CEO of Areva SA.

Allegion is an Irish plc, with its North American corporate office in Carmel, Ind., employing about 7,600 people in 35 countries including 20 production and distribution facilities around the world.

The portfolio includes strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®; and other brands including aptiQ®, Briton™, Bricard®, BOCOM Systems™, Dalco™, Dexter®, Falcon®, Fusion Hardware Group™, Glynn-Johnson®, ITO Kilit™, Ives®, Kryptonite®, Legge®, Martin Roberts™, Normbau™, Randi™, Steelcraft® and XceedID®.

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