OLSON JOINS WARNACO
NEW YORK — Frank A. Olson, chairman of The Hertz Corp., has been elected to the board of The Warnaco Group Inc.
Linda J. Wachner, chairman and chief executive officer of Warnaco, said Thursday in a statement that Olson’s “background and success as the chief executive officer and top manager at Hertz and other large public corporations have earned the respect and admiration of the business and investment communities worldwide. We are confident he will bring valuable insight and wise counsel to our board.”
Olsen, who was named president and ceo of Hertz in 1977, became chairman of the company in 1980. He also sits at a number of other corporate boards, including Amerada Hess Corp., Becton Dickinson & Co., and White Mountains Insurance Group Ltd.
As reported, American Express chairman Harvey Golub was elected to Warnaco’s board last month.
The addition of Olson brings the size of Warnaco’s board to 10.