Gary D. Penisten
Encyclopedia
Gary D. Penisten is an American executive who served as United States
Assistant Secretary of the Navy (Financial Management and Comptroller)
from 1974 to 1977.
, graduating in 1953. Upon graduating, Penisten took a job with General Electric
, and worked there for twenty-one years.
In 1974, President of the United States
Gerald Ford
nominated Penisten as Assistant Secretary of the Navy (Financial Management and Comptroller)
. Penisten held this office from October 15, 1974 until May 20, 1977. In 2001, Penisten published a memoir of his time in office entitled Pentagon Appointment: A Mid-Career Adventure.
Upon leaving the United States Department of the Navy
, Penisten became Chief Financial Officer
of Sterling Drug
, a position he held until 1988.
Penisten has served on the Board of Directors
of several corporations. He was Chairman of the Board
of Hoover's
from 1996 to 2006. In 1996, he also became Chairman of the Board of Acme United Corporation
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Assistant Secretary of the Navy (Financial Management and Comptroller)
Assistant Secretary of the Navy (Financial Management and Comptroller)
The Assistant Secretary of the Navy is a civilian office of the United States Department of the Navy...
from 1974 to 1977.
Biography
Gary D. Penisten was educated at the University of Nebraska at OmahaUniversity of Nebraska at Omaha
The University of Nebraska at Omaha is a four-year state university located in Omaha, Nebraska, USA. Founded in 1908 as Omaha University, the institution became the public Municipal University of Omaha in 1931. It assumed its current name in 1968 following a merger into the University...
, graduating in 1953. Upon graduating, Penisten took a job with General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
, and worked there for twenty-one years.
In 1974, President of the United States
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
Gerald Ford
Gerald Ford
Gerald Rudolph "Jerry" Ford, Jr. was the 38th President of the United States, serving from 1974 to 1977, and the 40th Vice President of the United States serving from 1973 to 1974...
nominated Penisten as Assistant Secretary of the Navy (Financial Management and Comptroller)
Assistant Secretary of the Navy (Financial Management and Comptroller)
The Assistant Secretary of the Navy is a civilian office of the United States Department of the Navy...
. Penisten held this office from October 15, 1974 until May 20, 1977. In 2001, Penisten published a memoir of his time in office entitled Pentagon Appointment: A Mid-Career Adventure.
Upon leaving the United States Department of the Navy
United States Department of the Navy
The Department of the Navy of the United States of America was established by an Act of Congress on 30 April 1798, to provide a government organizational structure to the United States Navy and, from 1834 onwards, for the United States Marine Corps, and when directed by the President, of the...
, Penisten became Chief Financial Officer
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
of Sterling Drug
Sterling Drug
Sterling Drug was a global pharmaceutical company based in the United States, known as Sterling-Winthrop, Inc. after the merger with Winthrop-Stearns Inc. and then as Sterling Winthrop Pharmaceuticals, whose primary product lines included diagnostic imaging...
, a position he held until 1988.
Penisten has served on the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of several corporations. He was Chairman of the Board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
of Hoover's
Hoover's
Hoover's, Inc., a subsidiary of Dun & Bradstreet, is a business research company that has provided information on U.S. and foreign companies and industries since 1990. Since 1993, the company has made its information available on its website.-Operations:...
from 1996 to 2006. In 1996, he also became Chairman of the Board of Acme United Corporation
Acme United Corporation
Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1882 under the laws of the State of Connecticut...
.