MULLIGAN TO RETIRE AT W&L MAY 15

Byline:

WASHINGTON — Robert J. Mulligan, vice chairman and chief administrative officer of Woodward & Lothrop, will retire May 15, the company said Monday.
Mulligan, 56, had postponed plans to retire in 1993 so he could lead W&L’s reorganization. The firm has been in Chapter 11 since January 1994. It submitted a revised long-range business plan to creditors last week and is supposed to file a reorganization plan by March 23.
W&L chairman and chief executive officer Robert B. Mang said Mulligan “has worked diligently to move the reorganization forward to the point that we can now develop a viable reorganization plan.”
Mulligan’s duties will be taken over by Mang, president and chief operating officer Edwin Holman and chief financial officer Joseph Gallucci. Holman was hired last June to begin assuming Mulligan’s duties.
Mulligan, who joined W&L in 1976 as treasurer and senior vice president of finance, said in a statement he plans to spend time with his family. — Fairchild News Service