08-14-95 Peter Scott to Address Summer Grads

PETER SCOTT TO ADDRESS SUMMER QUARTER GRADUATES

     COLUMBUS -- Commencement exercises for summer quarter 
graduates of The Ohio State University will be held Aug. 31 in 
St. John Arena.  Some 1,850 degrees will be awarded in the 
ceremonies, which begin at 9:30 a.m.

     The commencement speaker will be entrepreneur Peter L. 
Scott.  A 1949 graduate of Ohio State in electrical engineering, 
Scott had a remarkable business career, retiring in 1991 as 
chairman of Black & Decker Corp. after having held top-level 
positions with several major electronic companies.

     Throughout his career, Scott showed continuous ability to 
revitalize slumping organizations by bringing them into fast-
growing technological markets.  Beginning with his first job as a 
design engineer, he sought opportunities to innovate.  Within 
three years of his graduation from Ohio State, he had founded his 
own company, the first of three he would establish.  This firm 
grew from a garage operation to $8 million sales within five 
years and was acquired by Dresser Industries, which Scott joined 
as president of Dresser Electronics.

     After taking an 18-month retirement to live aboard a yacht 
in the Florida keys, he returned to the business world in 1964 as 
founder of Scott Electronics, which later merged with NCR Corp.
His next move was to United Technologies, where he was executive 
vice president from 1975-1983.  In 1983, Scott founded Technology 
Transitions Inc., a venture capital firm which concentrated its 
investment interest on the growing entrepreneurial activity in 
New England.  In 1985, he merged TTI with the Emhart Corp., which 
in turn merged with Black & Decker in 1989.

     Scott has lent his leadership to such national and non 
profit organizations as The Business Roundtable, American Defense 
Preparedness Association, the Navy League of the United States, 
the President's Advisory Council for Trade Negotiations, and the 
Boy Scouts.

                            #

Contact: Ruth Gerstner, University Communications, (614) 292-8424


[Submitted by: Von Reid-Vargas (ereid@magnus.acs.ohio-state.edu)
               
Mon, 14 Aug 1995 11:38:20 -0400]
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