Actuant Expands Leadership Team; Team Includes Four Executives from the Recent Key Components Inc. Acquisition.GLENDALE, Wis. -- 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. ) today announced it has expanded the executive leadership that manages the company. Named to the Leadership Team are Nick Arena (Acme Electric), Marty O'Donohue (Specialty Electrical), Marty Palmer (Recreational Vehicle), Jan Smit Jan Smit is a common Dutch name, and often used to refer to an unknown person (similar to John Doe). People with this name include:
The original members of the Actuant's Leadership Team include Bob Arzbaecher (Chief Executive Officer), Andrew Lampereur (Chief Financial Officer), Ron Wieczorek, (Global Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. ), Brian Kobylinski (Business Development), Mark Goldstein (Tools & Supplies), Gustav Boel (European Electrical), Ed Staple (Gardner Bender), George Bowman (Enerpac), and Bill Blackmore (Engineered Solutions). Says 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. Bob Arzbaecher, "Due to the diverse and decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. nature of Actuant, the Leadership Team plays a critical role in communication, policy setting and decision making for the Company. Given our growth over the last 24 months and our outlook, it was important to expand our Leadership Team. We are pleased to tap this deep and talented group of managers, including four business leaders from Key Components, to help us lead Actuant into the future." Actuant completed the acquisition of Key Components in December 2004. Actuant will announce quarterly earnings on March 17 before the market opens. A conference call is scheduled for 11am ET and may be listened to via web cast on Actuant's website at www.actuant.com. About Actuant Actuant, headquartered in Glendale, Wisconsin, is a diversified industrial company with operations in more than 25 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Formerly known as Applied Power, Actuant was created in 2000 after the spin-off of Applied Power's electronics business segment into a separate public company called APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander Ltd. Since 2000, Actuant has grown its sales from $482 million to over $800 million and its market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. from $113 million to over $1.4 billion. The company employs a workforce of more than 5,000 worldwide. Actuant Corporation trades on the NYSE under the symbol ATU. For further information on Actuant and its business units, visit the Company's website at www.actuant.com. |
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