SMALL MANUFACTURER DON WAINWRIGHT ELECTED CHAIR
NATION’S LARGEST INDUSTRIAL TRADE ASSOCIATION
Baldrige Award-Winner Will Stress
Importance of Manufacturing Leadership
During Turbulent Times and Capital Formation Policies to Promote
Source: The National Association of Manufacturers
November 1, 2001
Arthur D. "Don"
Wainwright, chairman and CEO of Wainwright Industries, was elected chairman
of the National Association of Manufacturers at the group’s semi-annual
Board of Directors Meeting Oct. 30-31. Wainwright will advocate capital
formation and other policies that promote strong, long-term economic
growth. He also will focus on encouraging corporate leaders to demonstrate
economic and societal leadership.
Said Wainwright upon accepting
the NAM chairmanship, "This is a time when we need leadership in
America as never before, and manufacturers are some of the finest leaders
in the country. Let us lead by doing what we do – working hard, providing
jobs and making the things that make a difference."
Wainwright, who succeeds
W.R. "Tim" Timken, Jr. of The Timken Company, will serve a
one-year term as chief spokesperson and leader of the nation’s largest
and oldest industrial trade group, founded in 1895. The NAM – 18 million
people who make things in America – represents 14,000 member companies
(including 10,000 small and mid-sized manufacturers) and 350 member
associations serving manufacturers and employees in every industrial
sector and all 50 states. Headquartered in Washington, D.C, the NAM
has 10 additional offices across the country.
On the economic front, Wainwright
will lead the NAM as its shifts from a focus on the near-term economic
stimulus package made necessary by the terrorist attacks to its traditional
broader focus on policies that will lead to durable long-term growth.
and the NAM will advocate: making permanent the temporary faster write-off
provision for new investments in the House-passed stimulus package;
enhancing the capital-cost recovery system and moving it toward one
that allows expensing of capital equipment in the tax year it was purchased;
and improving access to financing, among other top priorities.
and other policies that promote investment are the best ways to truly
restore business and consumer confidence and get the economy back on
the growth track we’ve experienced over the past 20 years," Wainwright
noted. "In fact, investment spending is critical to the long-term
prosperity of our nation. The more the private sector invests, the faster
productivity accelerates, which, in turn enhances the competitiveness
of American industry and raises the living standards of American workers."
Based in St. Peters, Missouri,
Wainwright Industries, Inc. is a 53 year-old, family-owned manufacturing
company for the automotive, aerospace, home security and information
processing industries. The company generates $30 million in annual sales
revenues and employs approximately 200 people. Wainwright Industries
was awarded the Malcolm Baldrige National Quality Award in 1994, was
named in Industry Week’s "Ten Best Plants in America in 1996 and
was the recipient of the Missouri Industry of the Year award in 1999.
Prior to joining the family
business, Wainwright spent five years at Westvaco Corporation in Covington,
VA. He earned his Bachelor of Science and Masters degrees in mechanical
engineering from the University of Missouri and received an honorary
Ph.D. from the National Graduate School of Quality Management.
To arrange an interview
with NAM Chairman Wainwright throughout 2001-2002 on the economy, technology
and a broad range of public policy issues affecting manufacturers and
their employees, contact Laura Narvaiz (202/637-3087) or Kerry Lynn
Schmit (202/637-3089) in the NAM’s Communications & Media Relations