AMETEK Announces Three Executive Appointments.John Wesley Hardin John Wesley Hardin (May 26, 1853—August 19, 1895) was an outlaw and gunfighter of the American Old West. He was born in Bonham, Fannin County, Texas. In history of the West, John Wesley Hardin ranks as one of the most prolific killers of all. Named President, Electronic Instruments Jeffrey A. Beck Named Senior Vice President - Aerospace and Defense Tony J. Ciampitti Named Vice President and General Manager, Power Systems and Instruments PAOLI, Pa. -- AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ) today announced the appointment of John Wesley Hardin as President, Electronic Instruments. Mr. Hardin currently serves as Senior Vice President - Aerospace and Defense. Mr. Robert W. Chlebek, President, Electronic Instruments, has announced his intention to retire at the end of 2008 after eleven years of service in that role. Mr. Hardin will be replaced by Jeffrey A. Beck, who currently serves as Vice President and General Manager of AMETEK's Power Systems and Instruments Division. Tony J. Ciampitti, currently Division Vice President and Business Unit Manager of our Upstream Oil and Gas business unit, will replace Mr. Beck. "It is my pleasure to announce the promotion of these three individuals as they take on greater management roles for the Company. We have been very focused on growing the talent base of the Company and these internal promotions demonstrate the depth of our management talent," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. Mr. Hermance commented, "I am pleased to announce Wes Hardin's promotion to President, Electronic Instruments. Wes has done a truly outstanding job managing our Aerospace and Defense business, and prior to that, our Heavy Vehicle business. His track record of success and knowledge of these businesses make Wes a perfect fit for his new position." "Wes will work with Bob Chlebek to transition responsibilities for AMETEK's Aerospace and Defense business and our Power and Industrial instrumentation business prior to Bob's planned retirement from AMETEK at the end of 2008," added Mr. Hermance. Mr. Hermance said, "Bob Chlebek has done an excellent job for AMETEK. He has been a key part of the growth and success of AMETEK over the last eleven years. On behalf of all of our colleagues, I want to thank him for his many contributions to the Company." Mr. Hardin joined AMETEK in 1998 as Director of Sales and Marketing for the Dixson Division. In May 2000 he was named Business Unit Manager for the Division's Heavy Vehicle business and in January 2001 was named Vice President and General Manager of the Dixson Division. In 2003, Mr. Hardin was named Vice President and General Manager - Aerospace and Defense and in 2004 was named a Senior Vice President. Mr. Hardin holds a Bachelor's of Science degree in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the University of Missouri, Columbia, and a Master's of Business Administration degree from Webster University Webster today operates as an independent, comprehensive, non-denominational university with campus locations around the world. It offers undergraduate and graduate programs in a wide array of disciplines, including the liberal arts, fine and performing arts, teacher education, business . Jeffrey A. Beck named Senior Vice President - Aerospace and Defense Jeffrey A. Beck has been named Senior Vice President - Aerospace and Defense, replacing Wes Hardin. Mr. Hermance commented, "Since joining AMETEK, Jeff has led our Power Systems and Instruments business to sustained growth in sales and profitability, successfully combining organic growth, acquisitions and geographic expansion. He is well prepared to take on the new challenge of continuing the strong growth in our Aerospace business." Mr. Beck joined AMETEK in 2004 as Vice President and General Manager, Power Systems and Instruments Division. Prior to joining AMETEK, Mr. Beck was with Danaher Corporation The Danaher Corporation NYSE: DHR, is a large global company headquartered in Washington, D.C., United States. Its products are concentrated in the fields of design, manufacture, and marketing of industrial and consumer products. , where he held a variety of sales and general management positions. His final position, prior to joining AMETEK, was President, Danaher Precision Systems Division. Mr. Beck holds a Bachelor's of Science degree in Mechanical Engineering from the New Jersey Institute of Technology and a Master's of Business Administration degree from Boston University Boston University, at Boston, Mass.; coeducational; founded 1839, chartered 1869, first baccalaureate granted 1871. It is composed of 16 schools and colleges. . Tony J. Ciampitti named Vice President and General Manager, Power Systems and Instruments Mr. Hermance continued, "I am also pleased to announce Tony Ciampitti's promotion to Vice President and General Manager of our Power Systems and Instruments Division. Tony has done a great job managing the Upstream Oil and Gas Instruments Business Unit, and previously led our Power Instruments Business Unit. He is well prepared to take on this new challenge." Mr. Ciampitti joined AMETEK Process and Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Instruments Division in 1997 as a Technical Support Engineer and in 1998 was named a Regional Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → . From 2000 to 2005, Mr. Ciampitti was part of the Power Instruments Business Unit, first as Director of Sales and Marketing and later as Business Manager. In 2005 he was named Division Vice President and Business Unit Manager for AMETEK's Upstream Oil & Gas Business Unit. Prior to joining AMETEK, he was a Nuclear Field Engineer with Berthold Systems, Inc. Mr. Ciampitti holds a Bachelor's of Science degree in Electrical Engineering from the Pennsylvania State University Pennsylvania State University, main campus at University Park, State College; land-grant and state supported; coeducational; chartered 1855, opened 1859 as Farmers' High School. and is a member of the Society of Petroleum Engineers. Corporate Profile AMETEK is a leading global manufacturer of electronic instruments and electric motors with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of $2.5 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion, and New Products. Its objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400 Index and the Russell 1000 Index The Russell 1000 Index is a stock market index of US stocks. The ticker is "RUI" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 1000. External links
Forward-looking Information Statements in this news release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events, such as AMETEK's expected business and financial performance, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements. |
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