Standex Appoints John Abbott as New Vice President of Food Service Equipment Group.New Standex Food Service Leader Brings Significant Acquisition Integration Experience SALEM, N.H. -- Standex International Corporation (NYSE NYSE See: New York Stock Exchange :SXI) today announced that John Abbott has joined the Company as group vice president of the Food Service Equipment Group. Abbott has replaced Duane Stockburger, who will be retiring effective June 30, 2007. Prior to joining Standex, Abbott had served for 18 years in various executive positions for Pentair Corporation, a Minnesota-based diversified operating company operating company A business that engages in transactions with outsiders. . His most recent position was as president of the Pentair Filtration Group, a $450 million group within Pentair with 2,000 employees. During his two years in this position, Abbott integrated several acquired companies and established vertical market strategies to accelerate organic growth. Prior to heading up the filtration group, John held a number of P&L positions within Pentair's Electronic Packaging Group. He also served as president of Schroff North America, and began his Pentair career at Hoffman Enclosures as product development director/product manager and then vice president, Engineering. "John has distinguished himself as a top-notch operating executive with significant relevant experience to Standex," said Roger Fix, Standex president and chief executive officer. "John's integration skills will be especially valuable as we integrate the recently acquired American Food Service and 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 Wyott organizations into our Food Service Equipment Group. He also has successfully implemented lean manufacturing and leveraged low-cost manufacturing in Mexico Manufacturers are under increasing competitive and pricing pressures that require them to aggressively control and reduce costs. While this can be achieved through the implementation of lean manuacturing, consolidation and automation strategies,some firms seek to reach their goals through and offshore materials sourcing to enhance growth and profitability. We welcome John to Standex and look forward to his contributions as we continue to grow the Food Service Equipment Group." Abbott holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Mechanical Engineering from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. 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 the College of St. Thomas in Minnesota. "On behalf of everyone at Standex, I would like to thank Duane for his 10 years of dedication to the Company," continued Fix. "Under Duane's leadership, the Food Service Equipment Group more than doubled in size and became a significant player in the North American food service marketplace. Duane will be working with Standex through June to assist with the management transition and the integration of the newly acquired companies." About Standex's Food Service Equipment Group The Food Service Equipment Group (FSEG FSEG Fire Safety Engineering Group ) is a broad-line manufacturer of commercial food service equipment, including walk-in coolers and freezers, refrigerated, non-refrigerated and hot display cabinets and storage systems, commercial ovens, rotisseries and cooking equipment, bakery and deli display cases, hot food counter-top products, patient feeding systems, rotary vane pumps and stainless steel fabrication, millwork and solid surface stonework stonework, term applied to various types of work—that of the lapidary who shapes, cuts, and polishes gemstones or engraves them for seals and ornaments; of the jeweler or artisan who mounts or encrusts them in gold, silver, or other metal; of the stonemason who . FSEG enjoys market leadership positions and strong brand recognition in the food service industry with each of its eight leadership companies: American Food Service, APW Wyott, Bakers Pride, Barbeque King (or BKI BKI Babbar Khalsa International BKI Kota Kinabalu, Sabah, Malaysia - Kota Kinabalu (Airport Code) BKI Bible Knowledge Institute BKI Brasil Kaffe Import (Danish Coffee Importer) ), Federal Industries, Kool Star, Master-Bilt, Nor-Lake, Inc. and Procon. The group employs 1,500 with manufacturing facilities in Ireland, Mexico, Mississippi, New York, South Carolina, Tennessee, Texas, Wisconsin and Wyoming. In addition to the U.S., FSEG has an established presence in Europe and is developing or expanding distributor relationships in Africa, Asia, Australia and South America. About Standex Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineered Products Group, Engraving Group and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil and China. For additional information, visit the company's website at www.standex.com. |
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