Contact: Mary Margaret Colliver
Hardymon is lauded by his peers for his diligence, his preparedness, and his pragmatism, and his extensive operations experience, which manifests in his detailed knowledge of how to get things done.
LEXINGTON, Ky. (Nov. 8, 2004) -- James F. Hardymon, chairman of the University of Kentucky Board of Trustees and former chairman and CEO of Textron Inc., has been named one of eight Outstanding Directors for 2004 by the Institute of Outstanding Directors.
Hardymon, a director or adviser at several companies, is being honored for his central role in improving board and corporate procedures at Air Products and Chemicals Inc. and at American Standard Cos. Inc.
“Serious lapses in the boardrooms of some now notorious companies have prompted the business press to devote considerable ink to uncovering and dissecting where directors have gone wrong,” says Michael D. Griffin, chairman of the Institute of Outstanding Directors. “We want the other side of the story to be heard – stories about directors who have earned the respect and support of their colleagues by doing the right thing.”
At Air Products, Hardymon not only shepherded the selecting of a bevy of new board members and a new CEO, he also, in 2003, led a comprehensive review and revamp of its compensation program, reducing the stock portion and making more performance-oriented criteria come into play. At American Standard, he was intimately involved in the search that resulted in the hire of its current CEO, and is working with its board to overhaul its compensation structure for top executives as well.
Hardymon is lauded by his peers for his diligence, his preparedness, and his pragmatism, and his extensive operations experience, which manifests in his detailed knowledge of how to get things done. His greatest strength, says Ed Hagenlocker, “is his ability to bring to a board his knowledge and experience, and to use it.”
Hagenlocker, the former vice chairman at Ford Motor Co., serves with Hardymon at both Air Products and American Standard.
A native Kentuckian, Hardymon returned to the state to live after his retirement from Textron. His received both his Bachelor of Arts and Master of Arts degrees in civil engineering from UK. Hardymon, a longtime benefactor to UK, has served on the UK Board of Trustees since 2003. He previously served as a board member from 1993 to 1999. The university’s James F. Hardymon Building, located at the corner of Rose and Maxwell streets, was named for him.