188 Chapter 3 Organizational sand Case 3-3 United Thermostatic Controls (a GVV case) United Thermostatic Controls is a publicly owned company that engages in the manufacturing and marketing of resi- dential and commercial thermostats. The thermostats are used to regulate temperature in furnaces and refrigerators. United sells its product primarily to retailers in the domestic market, with the company headquartered in Detroit. Its operations are decentralized according to geographic region. As a publicly owned company, United's common stock is listed and traded on the NYSE. The organization chart for United is presented in Exhibit 1. EXHIBIT 1 United Thermostatic Controls Organization Chart Board of Directors CEO and President Audit Committee Coroute Director of Sheman Resources Chief Financial Officer Executing Sales & Marketing VP of Operations Walter Hayward Sam Lorenzo Controller Treasurer U.S.A. Sales Division Western Sales Division Eastern Sales Division "Member of the board of directors. Internal Auditing Tony Cupertino, Director Southern Sales Division Frank Campbell, Director