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NOVACEK RETIRES AS CEO OF ELLER & CO.

NOVACEK RETIRES AS CEO OF ELLER & CO.

   Arthur C. Novacek, long-time president and chief executive officer of
Eller & Co. Inc., has retired.
   Novacek will be replaced by Louis Wainwright Jr., who has served as a chief
administrative officer for the Florida Department of Legal Affairs, and as assistant
executive director and chief operating officer for the Florida Department of Revenue.
   Novacek is an industry veteran who held senior positions with a number of
major liner companies before joining Eller in 1983. He will continue to serve as a
consultant to the company.