(Source: MARKETWIRE)
Esterline Corporation (NYSE: ESL) (www.esterline.com), a leading
specialty manufacturer serving primarily aerospace and defense
markets, today announced that the company's president, R. Bradley
"Brad" Lawrence, 62, has been elected to the Board of Directors and
named Chief Executive Officer, effective November 1, 2009. Lawrence
succeeds Robert W. Cremin as CEO. Cremin has been with the company
for 33 years and will continue to serve as a non-executive Chairman
of the Board of Directors through early 2011.
"Brad has the knowledge and proven leadership to take Esterline to
the next level," Cremin said. "With more than 40 years of
manufacturing and technology experience under his belt, I'm confident
he can get the job done."
Lawrence was named President and Chief Operating Officer of the
company earlier this year. He has served as an Esterline Group Vice
President since 2007, directly overseeing more than a dozen Esterline
business units as the company's growth accelerated. Prior to that,
he spent five years as President of Esterline's Advanced Input
operation and also managed Esterline's Interface Technologies
business platform, which encompasses three technology companies.
Lawrence brings more than 40 years of technology and manufacturing
experience to his new position.
Prior to joining Esterline, Lawrence held management and executive
positions in sales, marketing and operations with Rockwell
International, Paccar, Conductive Rubber Technology, Flow
International and PRI Automation. He holds a Bachelor's degree in
Business Administration from Pennsylvania State University and an
Executive MBA from the University of Pittsburgh's Graduate School of
Business.
About Esterline
Esterline is a leading worldwide supplier to the aerospace and
defense industry specializing in three core areas: Advanced
Materials, Avionics & Controls and Sensors & Systems. With annual
sales of $1.5 billion, Esterline employs nearly 10,000 people,
including 1,500 engineers worldwide. The Sensors & Systems segment
includes operations that produce high-precision temperature and
pressure sensors, electrical power distribution equipment, and other
related systems principally for aerospace and defense customers.
Operations within the Advanced Materials segment focus on
technologies including high-temperature-resistant materials and
components used for a wide range of military and commercial aerospace
purposes, and combustible ordnance and electronic warfare
countermeasure products. Operations within the Avionics & Controls
segment focus on technology interface systems for commercial and
military aircraft and similar devices for land- and sea-based
military vehicles, secure communications systems, specialized medical
equipment, and other high-end industrial applications.
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements relate to future events or our future financial
performance. In some cases, you can identify forward-looking
statements by terminology such as "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may," "might,"
"plan," "potential," "predict," "should" or "will," or the negative
of such terms, or other comparable terminology. These forward-looking
statements are only predictions based on the current intent and
expectations of the management of Esterline, are not guarantees of
future performance or actions, and involve risks and uncertainties
that are difficult to predict and may cause Esterline's or its
industry's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
Esterline's actual results and the timing and outcome of events may
differ materially from those expressed in or implied by the
forward-looking statements due to risks detailed in Esterline's
public filings with the Securities and Exchange Commission including
its most recent Annual Report on Form 10-K.
SOURCE: Esterline Technologies
A service of YellowBrix, Inc.
