Actuant Hires New Director of Corporate Development.MILWAUKEE -- 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 the hiring of Ted Wozniak as Vice President, Director of Corporate Development. Mr. Wozniak starts in his new position in early April, and succeeds Brian Kobylinski, who was previously promoted to business leader of Hydratight; Actuant's bolting business. Mr. Wozniak has held a variety of investment banking positions at Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. over the past 10 years, the most recent of which was Managing Director, Industrial Corporate Finance Group. Prior to Wachovia, Mr. Wozniak was Managing Director with First Chicago Capital Markets. Commenting on the announcement, Bob Arzbaecher, Actuant's Chairman 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. , said, "We are pleased to have Ted join the Actuant team. His prior experience advising Actuant as a client, his industry knowledge and acquisition experience make him uniquely qualified to lead Actuant on a myriad of acquisition and corporate finance projects." Actuant, headquartered in Glendale, Wisconsin, is a diversified industrial company with operations in 31 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 Inc., Actuant was created in 2000 after the spin-off of Applied Power's electronics business segment into a separate public company. Since 2000, Actuant has grown its sales run rate from $482 million to over $1 billion 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 $1.5 billion. The Company employs a workforce of more than 6,000 worldwide. Actuant Corporation trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. 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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