Federal Signal News Archives

“There's no doubt our ramp-up is aggressive, but throughout this effort we have not found any fundamental flaws in our production system to say it's not doable”

In a week when Wall Street incurred its worst beating in a month, the stocks of many area companies also fell. via Chicago Tribune

Federal Signal Corp. unexpectedly disclosed Wednesday that 59-year-old Robert D. Welding has resigned from his posts as president and chief executive officer of the Oak Brook company, and that Federal Signal board member James Goodwin -- the former chairman and CEO of United Airlines parent UAL Corp. -- has succeeded Welding on an interim basis.

Federal Signal, which makes fire trucks, street sweepers, lights for police vehicles and a host of other products used by municipal and governmental customers, didn't offer any explanation for Welding's departure. It said he 'has resigned' from his executive posts, and will 'retire' from the company effective Jan. 1. Read more