Actuant Appoints New Directors.Business Editors MILWAUKEE--(BUSINESS WIRE)--Aug. 1, 2003 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 that Thomas J. Fischer and Robert A. Peterson have been appointed to the Actuant Board of Directors, effective immediately. Mr. Fischer, a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , spent 33 years with Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , most recently as Managing Partner and Audit Division Head for the Milwaukee office, retiring in January 2002. He is currently an independent financial consultant, and a member of the Board of Directors of Badger Meter, Inc. Mr. Peterson, also a certified public accountant, has been 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 Norcross Safety Products since its inception in 1995 and also holds a position on the Norcross Board of Directors. Prior thereto, he held executive positions with a number of firms after starting his career in the audit division at Ernst & Young. Commenting on the announcement, Bob Arzbaecher, Actuant's Chairman and CEO, said, "We are pleased to announce the addition of Tom and Bob to Actuant's Board of Directors. They have broad-based financial and operational experience that will benefit Actuant." 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 industrial company with operations in over 20 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, Kopp, Milwaukee Cylinder, 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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