The Gillette Company has appointed the Bank of New York (BNY) to act as transfer, dividend disbursement and reinvestment plan agent.
“With more than 44,000 shareholders, 20,500 of which are enrolled in its dividend reinvestment and direct purchase plans, Gillette requires a recordkeeping `partner’ that offers solid and reliable transfer agent practices, as well as one who maintains progressive, innovative technical applications,” explains Eric D. Kamback, senior vice president and head of BNY’s
Stock Transfer
Division. “The Bank, of New York is committed to the stock transfer business and to providing long-term solutions for our clients.”
The Bank of New York currently provides transfer agency services to more than 1,950 U.S. corporations around the world, including recordkeeping, dividend payment and reinvestment, proxy tabulation, employee benefit plan, and corporate reorganization services.