AMETEK, Inc. (NYSE:AME) today announced the appointment of Neil J.
Desmond as Vice President and General Manager of its Instrumentation &
Specialty Controls Division.
Mr. Desmond had been Senior Vice President and General Manager of
Pentair Filtration since 2003. Previously, he had been Vice President
and General Manager of Plymouth Products since 1997.
“We welcome the return of Neil Desmond to AMETEK. Neil brings a wealth
of management experience and a great deal of familiarity with AMETEK to
his new position,” notes Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
“Neil joined AMETEK in 1974 and held a variety of positions before
becoming Controller of Plymouth Products in 1984. He was Operations
Manager of Plymouth Products prior to our spin off of the water
filtration business in 1997,” added Mr. Hermance.
Instrumentation & Specialty Controls consists of two
businesses—Vehicular Instrumentation Systems (VIS - formerly Dixson) a
leading manufacturer of custom dashboard instruments and displays for
heavy trucks and construction equipment and National Controls
Corporation (NCC) a leader in temperature control products used in
commercial appliances and niche industrial applications.
Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and
electromechanical devices with 2008 sales of $2.5 billion. AMETEK’s
Corporate Growth Plan is based on Four Key Strategies: Operational
Excellence, Strategic Acquisitions & Alliances, Global & Market
Expansion and New Products. AMETEK’s objective is double-digit
percentage growth in earnings per share over the business cycle and a
superior return on total capital. The common stock of AMETEK is a
component of the S&P MidCap 400 and the Russell 1000 Indices.
Forward-looking Information
Statements in this news release relating to future events such as
AMETEK’s expected business and financial performance are
"forward-looking statements." Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to
differ significantly from expectations. These factors and uncertainties
include our ability to consummate and successfully integrate future
acquisitions; risks associated with international sales and operations;
our ability to successfully develop new products, open new facilities or
transfer product lines; the price and availability of raw materials,
compliance with government regulations, including environmental
regulations; changes in the competitive environment or the effects of
competition in our markets; the ability to maintain adequate liquidity
and financing sources; and general economic conditions affecting the
industries we serve. A detailed discussion of these and other factors
that may affect our future results is contained in AMETEK’s filings with
the U.S. Securities and Exchange Commission, including its most recent
reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or
obligation to update or revise any forward-looking statements.
AMETEK, Inc.
William Burke, 610-889-5249
