Actuant Announces Senior Management Appointments.Business Editors MILWAUKEE--(BUSINESS WIRE)--June 24, 2002 Actuant Corporation (NYSE NYSE See: New York Stock Exchange :ATU (ADSL Transceiver Unit) A device that provides ADSL modulation of the telephone line. The device at the telco side is the ATU-C (Central), which is a line card plugged into the DSLAM. ) announced today two management appointments intended to strengthen its senior management team to aid it in achieving its growth strategies. Brian Kobylinski will transition out of his current position as Gardner Bender Gardner Bender is a manufacturer of professional electrician's tools and supplies. External links
Actuant also announced that William Blackmore has joined the organization as Engineered Solutions Americas Leader, reporting to Robert Arzbaecher, the Company's Chief Executive Officer. Mr. Blackmore has 23 years experience in mechanical, electrical and contract manufacturing markets, 17 of which were spent with Invensys plc/Rexnord in senior management positions. Mr. Blackmore will oversee the Engineered Solutions business segment including the recreational vehicle market, which will be led by Jerry Peiffer. Mr. Peiffer is also on the Actuant leadership team and will report in to Blackmore. Robert Arzbaecher, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Actuant commented, "These new appointments reflect the changing realities in Actuant. We had been very focused on debt reduction for the past two years since the spin off and while debt reduction and cash flow remain priorities, we are beginning to shift more attention to growth, both organically and through bolt-on acquisitions. With Brian leading our strategic business development efforts and Bill coming in with a very strong OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and background, I believe we will be better positioned for that growth." Actuant, headquartered in Milwaukee, Wisconsin For other places with the same name, see Milwaukee (disambiguation). Milwaukee is the largest city within the state of Wisconsin and 25th largest (by population) in the United States. , is a diversified diversified (di·verˑ·s industrial company with operations in 15 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools. Products are offered under such established brand names as Enerpac, Gardner Bender, Milwaukee Cylinder cylinder, in mathematics, surface generated by a line moving parallel to a given fixed line and continually intersecting a given fixed curve called the directrix; each line of the family of lines forming the cylinder is called a ruling, or generator. , Nielsen Sessions, Power-Packer, and Power Gear. For further information on Actuant and its business units, visit the Company's website at www.actuant.com. |
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