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Modern Chairman Steps Down

May 1, 2003 12:00 PM

BRISTOL, Pa. — Joseph McEwen, Modern Group's founder, stepped down recently as chairman of the board in a planned transition. John F. Smith was elected chairman of the board and McEwen will remain as a director. Smith will oversee the ESOP transaction currently underway and will assist the company with its ongoing development of long-term strategy.

David Griffith will continue as president and CEO with responsibility for the overall operation and direction of the company.

Modern is No. 38 on the RER 100.

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