American Standard Companies Inc. announced that Ruth Ann Marshall, 49, president of MasterCard North America, has been elected to the company’s board of directors. With Marshall’s election, American Standard’s eight-member board now has seven external directors.
Marshall joined MasterCard International in 1999, and currently leads MasterCard’s largest region, which reported gross dollar volume — the amount of purchases and cash transactions on a card — of $602 billion in 2002. Before joining MasterCard, Marshall served as group executive president of two Electronic Payment Service companies, MAC Regional Network and Buypass Corporation, a leading third party processor. She also was executive vice president of Concord EFS, a leading electronic payments processor. Marshall started her career with IBM, where she held a variety of managerial and executive positions in her 18 years with the company.
“Ruth Ann Marshall’s leadership in consumer- and marketing-driven companies will further enhance our strong board that has diverse experiences and perspectives,” said Fred Poses, chairman and CEO of American Standard Companies. “We are excited to have her join our board.”
Marshall earned a master’s degree in finance and a bachelor’s degree in business administration from Southern Methodist University in Dallas.
American Standard is a global manufacturer with market leading positions in three businesses: air conditioning systems and services, sold under the Trane(R) and American Standard(R) brands for commercial, institutional and residential buildings; plumbing products, sold under such brands as American Standard(R) and Ideal Standard(R); and vehicle control systems, including electronic braking and air suspension systems, sold under the WABCO(R) name to the world’s leading manufacturers of heavy-duty trucks, buses, SUVs and luxury cars. The company employs approximately 60,000 people and has manufacturing operations in 29 countries. American Standard is included in the S&P 500.
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