Italian Government Honors Worthington Pump Chief Executive

Paolo A. Gamboni, chairman and chief executive officer of Worthington Pump Inc., has been selected to receive the highest honor Italy awards to businessmen for contributions to economic development, industrial advancement and social improvement of Italy.

The honorary title "Cavaliere del' Lavoro" is conferred every year on the anniversary of the foundation of the Republic. It is awarded to the year's most distinguished leaders of Italian industry, commerce and finance. Mr. Gamboni was awarded the honor in recognition of the high reputation achieved by Worthington S.p.A. in the industrial field, the excellent performance of its stock on the Milan Stock Exchange, and the social policies of the company's top management in increasing ownership by employees of the company's stock.

Mr. Gamboni has been chairman and chief executive officer of Worthington Pump Inc. since 1974. His career with Worthington began in 1964 as general manager of Worthington S.p.A. He was named Group vice president of Worthington Pump's European Region in 1972, a position he continues to hold. Mr. Gamboni is also chairman and managing director of Worthington S.p.A., as well as a member of the internal board of Studebaker- Worthington Inc.

Prior to joining Worthington Pump, Mr. Gamboni was general manager of AGIP-USA in New York, and manager of Operations Ananlysis Services for the ENI Group. A native of Rome he is an engineering grad graduate of the University of Naples. He was trained as a pilot in San Marcos, Texas, in preparation for duty with NATO.

The title of Cavaliere del' Lavoro will be awarded to Mr. Gamboni and other 1978 recipients by the president of the Italian Republic in Rome in October 1978. The ceremony will be attended by members of the Italian Government and leading industry officials. Worthington Pump is the world's largest pump company, with 21 manufacturing locations in 13 countries. Its North American facilities are located in Harrison and East Orange, N.J., Taneytown, Md., Shawnee, Okla., and Brantford, Ontario, Canada. They manufacture pumps for the electric utility and public works, petroleum, chemical and petrochemical, mining, pulp and paper, marines, agriculture and general industries.

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