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December 9, 2005
By: TOM BRANNA
Ecolab Inc. announced Chairman Allan L. Schuman will retire May 12 and will be replaced by president and chief executive Douglas M. Baker. Schuman, 71, joined Ecolab in 1957 as a junior salesman and has since served in a variety of management positions, including chief executive office. Separately, the company said it will raise its quarterly dividend by 14% (10 cents per share) to be paid Jan. 17 to shareholders of record Dec. 20.
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