AMETEK Names Timothy N. Jones President, Electromechanical Group; Names Thomas C. Marecic Vice President & General Manager, Process and Analytical Instruments.PAOLI, Pa. -- AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ) today announced the appointment of Mr. Timothy N. Jones as President, Electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). Group effective February 1, 2006. Mr. Jones currently serves as Vice President and General Manager of AMETEK's Process and Analytical Instruments Division (P&AI). Mr. Jones will be replaced by Thomas C. Marecic who currently serves as Division Vice President and Business Unit Manager of P&AI's Process Instrument Business Unit. Mr. Hermance commented, "I am pleased to announce Tim Jones' promotion to President, Electromechanical Group. Tim has demonstrated a track record of success during his twenty six years with AMETEK, most recently as Vice President and General Manager of Process and Analytical Instruments, one of AMETEK's most successful divisions. At P&AI, Tim's leadership in technology and product innovation, global expansion, and acquisition integration has enabled the division to significantly grow revenue and profitability, gain market share and set the stage for future growth. These skills will be very important as we look to grow the Electromechanical Group." "Tim replaces Albert Neupaver, who is leaving AMETEK to become the President and Chief Executive Officer of Wabtec Corporation. I would like to thank Al for the many contributions he has made to AMETEK and wish him the best as he undertakes this new endeavor," added Mr. Hermance. Mr. Jones has held a variety of engineering, marketing, and general management positions since joining AMETEK's Process & Analytical Instruments Division in 1979 as a Systems Engineer. He was promoted to Product Manager for Combustion and Industrial Analyzers in 1986 and named Director of Engineering for the Division in 1989. Mr. Jones was promoted to Director of Product and Technology Support in 1992 and named a Divisional Vice President in 1995. In 1999 he was named Vice President and General Manager. Mr. Jones holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Electronics Engineering Technology from Point Park College and a Bachelor of Science degree in Mechanical Engineering from the University of Pittsburgh. Mr. Hermance continued, "I am also pleased to announce Tom Marecic's promotion to Vice President and General Manager of our P&AI Division. Tom has done a great job managing the Process Instruments Business Unit, the largest business unit within the P&AI Division. He is well prepared to take on this new challenge." Mr. Marecic joined AMETEK P&AI in 1994 as a Product Engineer and held several engineering and product management positions before being named Division Vice President and Process Instruments Business Unit Manager in 1999. Prior to joining AMETEK, Mr. Marecic held engineering positions with Millipore/Extrel and Three Rivers Three Rivers, Que., Canada: see Trois Rivières. Analytical. Mr. Marecic holds a Bachelor Science degree in Chemistry 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. , a Master's of Science in Chemistry from Duquesne University and an Executive MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Pittsburgh's Katz School of Business. 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 $1.5 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 that are not historical are considered "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. " 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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