Amphenol Corporation Announces Management Succession Plan.WALLINGFORD, Conn. -- Amphenol Corporation (NYSE NYSE See: New York Stock Exchange : APH APH American Printing House for the Blind, Inc. APH Actual Production History APH Association of Personal Historians APH Antepartum Hemorrhage APH A Pleasurable Headache (Matthew Good Band community) ) announced today that effective January 1, 2009, R. Adam Norwitt, currently the Company's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will become Chief Executive Officer of the Company and a member of the Board of Directors. Martin H. Loeffler, currently the Company's Chairman and Chief Executive Officer, will be appointed to the newly created position of Executive Chairman of the Company with specific emphasis on the Company's strategic direction and the continued development of the Company's leadership team. Amphenol 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. , Martin H. Loeffler, commented: "I am extremely pleased to make this announcement. Adam's appointment will provide a smooth transition of management responsibility and ensure the continuity and enhancement of our profitable growth plans, and the pursuit of our long term strategic vision. Since his appointment as President and Chief Operating Officer of the Company, Adam has made a significant contribution to Amphenol's growth and profitability, expanding into new markets and demonstrating a deep knowledge of all facets of our global business. In addition, he is passionate about the Company's culture of performance and accountability. I am confident in his ability to lead Amphenol and our excellent management team. As Executive Chairman, I look forward to working with Adam and with the entire Amphenol management team to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the opportunities presently before us to continue our track record of outstanding performance." Amphenol President and Chief Operating Officer, Adam Norwitt, commented: "Amphenol is an exceptional company. Over the last twelve years as CEO, Martin has worked with the Amphenol management team to build a high performance entrepreneurial culture focused on providing customers with leading technology interconnect solutions. The execution of these strategies has created significant value for customers, shareholders and employees. I am excited to have the opportunity to build on this foundation and to lead this truly outstanding Company into its next phase of value creation." Mr. Norwitt has held a variety of management, business development and operating positions in Amphenol operations in Asia and the United States since joining Amphenol in 1998. Prior to his appointment as President and Chief Operating Officer on January 1, 2006, he served as a Senior Vice President of the Company and as Group General Manager of Amphenol's Worldwide RF and Microwave Products Operations. Mr. Norwitt is a graduate of Georgetown University, has a law degree from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from INSEAD INSEAD Institut EuropĂ©en d'Administration des Affaires (European Institute for Business Administration; now know simply as INSEAD) INSEAD I Never Stop Eating And Drinking . Amphenol Corporation is one of the world's leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe and Asia and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth segments of the interconnect market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment See DCE. Data Communications Equipment - Data Communication Equipment , Mobile Devices and Wireless Infrastructure. Statements in this press release which are other than historical facts are intended to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and other related laws. While the Company believes such statements are reasonable, the actual results and effects could differ materially from those currently anticipated. Please refer to (Part I, Item 1A) of the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2007, for some factors that could cause the actual results to differ from estimates. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise. |
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