AMETEK Names Ramesh Nuggihalli Vice President, Corporate Development.PAOLI, Pa. -- AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ) today announced that Ramesh Nuggihalli has joined the Company as Vice President, Corporate Development. In his new position, he will be responsible for the advancement of AMETEK's corporate development initiatives by identifying potential acquisition candidates and evaluating new strategic growth opportunities. Mr. Nuggihalli joins the Corporate Development team led by William Eginton, Senior Vice President of Corporate Development. "We're pleased to have Ramesh join AMETEK. He has extensive merger and acquisition experience as well as an impressive record of other corporate development initiatives in more than 15 countries. We expect him to play a key role in our future growth," commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. Prior to joining AMETEK, Mr. Nuggihalli served from 1999 in strategic marketing and business development leadership roles for GE Energy, an $18 billion division of General Electric. In those roles, he managed acquisitions and divestitures ranging in size from $25 million to $300 million in annual revenues and developed new growth strategies for its energy and industrial sectors. Prior to joining GE, he held positions with the Babcock and Wilcox unit of McDermott International and at Kilborn, Inc., a division of Canadian-based SNC-Lavalin. Mr. Nuggihalli has a Bachelor of Engineering Bachelor of Engineering (commonly abbreviated as BE or BEng) is an undergraduate academic degree awarded to a student after three to five years of studying engineering at an accredited university in Australia, Canada, China, Finland, Germany, India, Ireland, Korea, Degree in Civil Engineering from the University of Mysore University of Mysore is a public university in India. It has its main campus in the city of Mysore and extension campuses in the neighbouring districts of Hassan, and Mandya. , Mysore, India; a Masters of Engineering Degree in Structural Engineering from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. , Montreal; and a Masters of Business Administration in International Business from Wilfrid Laurier University Wilfrid Laurier University is a public university located in Waterloo, Ontario, Canada. It also has wing in Brantford, Ontario, Canada. It is named in honour of Sir Wilfrid Laurier, the seventh Prime Minister of Canada. , Waterloo, Canada. Corporate Profile AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices 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 $1.8 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 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 that are not historical are considered "forward-looking statements" and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in AMETEK's Securities and Exchange Commission filings. |
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