Ceradyne, Inc. Appoints Dr. Thomas Juengling Ceradyne Vice President and President of ESK Ceramics
February 06 2008 - 2:51PM
Business Wire
Ceradyne (NASDAQ:CRDN) has appointed its Chief Technology Officer,
Dr. Thomas Juengling, to the office of Ceradyne Corporate Vice
President and President of Ceradyne�s German subsidiary, ESK
Ceramics, located in Kempten, Germany. Dr. Juengling has been with
ESK Ceramics since 1996 and for the past two years with Ceradyne,
Inc. His PhD degree was earned from the Institute for Ceramics in
Mechanical Engineering/Institute for Materials Science II,
University of Karlsruhe, Germany. Dr. Juengling has held various
scientific, marketing, and management positions both in Germany and
for the past two years at Ceradyne�s corporate headquarters in
Costa Mesa, California. Dr. Juengling will have authority and
responsibility for all aspects of ESK Ceramics, reporting directly
to Ceradyne�s CEO and Chairman of the Board, Joel Moskowitz. Dr.
Juengling is 44 years old and will reside with his wife, Brigitte,
in Kempten, Germany. Ceradyne acquired ESK Ceramics in 2004 for
approximately $142 million (USD). ESK Ceramics currently represents
approximately 27% of Ceradyne�s estimated 2008 revenues. Ceradyne�s
CEO, Joel Moskowitz, commented: �The 2004 acquisition of ESK
Ceramics by Ceradyne has contributed significantly to the
successful growth of Ceradyne over the past three years. Because
ESK Ceramics produces much of the basic raw materials used in our
advanced technical ceramics, Ceradyne and ESK have resulted in a
profitable, vertically integrated manufacturing model. �Dr.
Juengling�s ten years of experience, first with ESK Ceramics and
more recently here in California as Ceradyne�s Chief Technology
Officer, results in the perfect experience background for his new
position as President of ESK Ceramics. As Ceradyne�s CEO, I am
personally pleased and enthused over having an executive such as
Thomas as a corporate officer as he brings to his new position the
discipline and structure of an 85 year-old successful German
company, ESK Ceramics, as well as the rapid growth and
entrepreneurial experience of 40 year-old Ceradyne, Inc.� Ceradyne
develops, manufactures and markets advanced technical ceramic
products and components for defense, industrial, automotive/diesel
and commercial applications. Additional information about the
Company can be found at www.ceradyne.com. Except for the historical
information contained herein, this press release contains
forward-looking statements regarding future events and the future
performance of Ceradyne that involve risks and uncertainties that
could cause actual results to differ materially from those
projected. Words such as �anticipates,� �believes,� �plans,�
�expects,� �intends,� �future,� and similar expressions are
intended to identify forward-looking statements. These risks and
uncertainties are described in the Company�s Annual Report on Form
10-K for the fiscal year ended dated December 31, 2006 and its
Quarterly Reports on Form 10-Q as filed with the U.S. Securities
and Exchange Commission.
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