ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc. announced today that at its annual meeting of stockholders
the slate of 13 director nominees were elected for a one-year term
ending in 2014. In addition to 12 returning directors, stockholders
elected Stephen I. Chazen to Ecolab's board of directors. Mr. Chazen is
the president and chief executive officer of Occidental Petroleum
Corporation and has nearly 20 years of energy industry experience.
In other business at today's meeting, stockholders ratified the
appointment of PricewaterhouseCoopers LLP as Ecolab's independent
registered public accounting firm for 2013; approved amendments to the
Ecolab Inc. 2010 Stock Incentive Plan; and approved on an advisory basis
the compensation of executives disclosed in the company's proxy
statement. Also at the meeting, two advisory stockholder proposals were
voted upon and not approved, including a stockholder proposal requesting
the board of directors adopt a supplemental policy on stock retention
requirements for senior executives and a stockholder proposal requesting
the board to adopt a new political contributions policy.
The final vote tabulation on all matters voted on at today's meeting
will be reported to the U.S. Securities and Exchange Commission on a
current report on Form 8-K and such report will be made available on the
company's web site, www.ecolab.com.
A trusted partner at more than one million customer locations, Ecolab
(ECL) is the global leader in water, hygiene and energy technologies and
services that protect people and vital resources. With 2012 sales of $12
billion and 44,000 associates, Ecolab delivers comprehensive solutions
and on-site service to promote safe food, maintain clean environments,
optimize water and energy use and improve operational efficiencies for
customers in the food, healthcare, energy, hospitality, commercial
laundry and industrial markets in more than 170 countries around the
world.
(ECL-C)
Ecolab Inc.
Michael Monahan, 651-293-2809
or
Lisa
Curran, 651-293-2185
Source: Ecolab Inc.
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