June 16, 2008 14:30 ET

James Dollive Elected to Underwriters Laboratories' Board of Trustees

NORTHBROOK, IL--(Marketwire - June 16, 2008) - Underwriters Laboratories (UL) today announced that James Dollive has been elected to UL's board of trustees.

Mr. Dollive most recently served as executive vice president and Chief Financial Officer for Kraft Foods, Inc. During a distinguished 30-year career at Kraft, Dollive held a host of positions including Director of Financial Planning and Analysis for General Foods, VP Finance for Kraft Canada, Sr. VP Strategy for Kraft North America, and head of finance and strategy for Kraft Jacobs Suchard in Western Europe.

During his tenure as CFO, Mr. Dollive completed a wide range of major transactions for Kraft. In 2001, he helped lead Kraft's Initial Public Offering and in 2007, Kraft's spin-off to a fully independent company. He retired from Kraft Foods in February 2008.

"We are delighted to welcome Jim to UL," said Keith Williams, UL president and CEO. "His global perspective adds unique capabilities to our board as we expand our business horizons and seek to advance UL's public safety mission around the world."

"We are very enthusiastic about the guidance Jim's expertise offers as we continue our long-term global growth strategy," said Fred Marcon, chairman of UL's board of trustees. "His deep understanding of finance and sound understanding of consumer products will only further our organizational goal of promoting public safety worldwide."

Mr. Dollive began his career as a design/research engineer at RCA, a manufacturer of electrical and electronic products. While there, he worked in the company's Advanced Technology Labs where he specialized in integrated circuit design.

Mr. Dollive is a graduate of the New Jersey Institute of Technology, where he earned a Bachelor of Science in Electrical Engineering, and of University of Pennsylvania (Penn), where he earned a Masters of Science in Engineering Systems and a Masters of Business Administration from Penn's Wharton School of Business.

Mr. Dollive is also a Director of Hartmarx Corporation, serving on its Audit and Nominating & Governance Committees.

Note to editors: A photo of Mr. Dollive is available by request.

Underwriters Laboratories (UL) is an independent, product safety certification organization that has been testing products and writing Standards for Safety for over a century. UL evaluates more than 19,000 types of products, components, materials and systems annually with 21 billion UL Marks appearing on 71,000 manufacturers' products each year. UL's worldwide family of companies and network of service providers includes 62 laboratory, testing and certification facilities serving customers in 99 countries. For more information, visit: www.UL.com/newsroom.