Robert T. Brady, the chairman and chief executive officer of Moog Inc., has been named Niagara Frontier Executive of the Year by the University at Buffalo's School of Management and its Alumni Association.
Under Brady, Moog's profits have risen every quarter for six straight years after the Elma aerospace company underwent a major restructuring following the sharp drop in defense spending after the end of the Cold War a decade ago.
The management school also will present its first-ever Alumnus of the Year award to Harold R. Kutner, a 1963 graduate who now is vice president and group executive in charge of worldwide purchasing and North American production control and logistics for General Motors Corp.
The awards will be presented at a Nov. 9 dinner in the Hyatt Regency Buffalo.
Bausch & Lomb to restructure
ROCHESTER (AP) -- The world's largest eye-care company on Wednesday announced plans for a global restructuring that would "eliminate redundant support functions and overhead."
Company spokeswoman Holly Houston confirmed there would be layoffs but said it was unknown where or how many employees would be let go.
Senior executives Thomas M. Riedhammer, senior vice president and president for global pharmaceuticals, and Daryl M. Dickson, senior vice president for global resources, were to leave the company as part of the restructuring.