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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 12, 1999
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TRW Inc.
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(Exact Name of Registrant as Specified in Charter)
Ohio 1-2384 34-575430
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation ) File Number) Identification Number)
1900 Richmond Road, Cleveland, OH 44124
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (216) 291-7000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On November 11, 1999, TRW Inc. (the "Company") issued a press release
announcing the election of David M. Cote as President and Chief Operating
Officer and a Director of TRW Inc. A copy of the press release is attached as
Exhibit 99 and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
(99) Press release issued by TRW Inc., dated November 11, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRW Inc.
By: /s/ Kathleen A. Weigand
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Kathleen A. Weigand
Vice President, Assistant General
Counsel and Assistant Secretary
DATE: November 12, 1999
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EXHIBIT INDEX
Exhibit Number Description
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(99) Press release issued by TRW Inc., dated November 11, 1999.
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NEWS RELEASE TRW, Inc. TRW
1900 Richmond Road
Cleveland, OH 44124
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Contact Exhibit 99
Michael J. Jablonski
216.291.7775
TRW NAMES DAVID COTE PRESIDENT, CHIEF OPERATING OFFICER
CLEVELAND, November 11, 1999 - David M. Cote, 47, formerly with General
Electric, was elected president and chief operating officer of TRW Inc.
(NYSE: TRW) at a special meeting of the company's directors. He was also
elected a director of the company. Cote will report to Joseph T. Gorman,
chairman and chief executive officer.
Since 1996 Cote held the position of senior vice president of the General
Electric Company and president and chief executive officer of GE Appliances,
a $6 billion business. In that role, Cote was a member of the corporate
executive council, made up of the chief executive officers of the company's
top businesses who report directly to GE Chairman Jack Welch. Cote's 25-year
career with GE spanned manufacturing, finance, marketing, strategic
planning, and general management.
In his new position, Cote will initially focus primarily on TRW's $13
billion global automotive supply business, with the goal of enhancing its
competitiveness and profitability and accelerating the pace of change. Cote
joins Gorman and Ronald D. Sugar, president and chief operating officer of
TRW Aerospace & Information Systems, as a member of the Chief Executive
Office. Sugar will continue to report to Gorman.
"We are pleased to have an executive with Dave Cote's outstanding depth and
breadth join TRW's management team," said Gorman. "He clearly meets our
criteria for a proven leader who can manage a complex global business. He
has a strong track record for both achieving growth and improving
performance. He also understands lean manufacturing and high-volume
production, and he is a seasoned and talented operating executive who has
consistently met and exceeded stretch performance targets.
-more-
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TRW/2
"Dave is special in his focus and ability to get things done," Gorman
continued. "He has demonstrated that he can learn a new business quickly and
make a positive impact. He is customer focused and structures his operations
with their needs in mind. He strives to create value for customers,
employees, and shareholders alike."
Cote joined GE's Hookset, N. H., Aircraft Engines plant in an entry-level
position while earning his bachelor's degree in business administration from
the University of New Hampshire. He completed the GE financial management
program and joined GE's renowned corporate audit staff in 1978. From 1983 to
1988 he progressed through a series of financial management and planning
jobs of increasing responsibility, both in GE operations and the corporate
headquarters.
In 1988 Cote joined GE Appliances in Louisville, Ky., as product general
manager for the Home Laundry/Dishwasher unit, and in 1989 he became manager
of finance for that operation. In 1992 he was named vice president of GE
Consumer Service, and in 1994 he became vice president and general manager
of GE Silicones, Waterford, N.Y., serving in that capacity until being named
a General Electric senior vice president, heading GE Appliances.
While at GE Appliances, Cote maintained the global unit's double-digit
margins in the face of declining prices and modest revenue growth through
the use of the Six Sigma quality program. Gorman said that Cote has had some
of GE's toughest executive assignments and achieved considerable success.
"He has demonstrated the ability to grow a business internally as well as
through acquisitions. He is not tied to the past," Gorman said. "He
energizes his people to think differently and has served as a change agent."
TRW provides advanced-technology products and services for the global
automotive, aerospace and information systems markets. The company's news
releases are available through TRW's corporate Web site
(http://www.trw.com).
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