David B. Carter Joins Ducommun Incorporated's Board of Directors
February 05 2024 - 5:30AM
Ducommun Incorporated (NYSE:DCO) announced today that its Board of
Directors elected David B. Carter as an independent director of the
company, effective February 1, 2024. Mr. Carter’s appointment
expands the number of directors on Ducommun’s board to nine, eight
of whom are independent. Mr. Carter will be a member of the
company’s Innovation Committee.
“We are thrilled that Dave will be joining our board of
directors and look forward to his many contributions as we
strengthen our team to support DCO’s 2027 strategy of building more
engineered products and aftermarket in our revenue mix,” said
Stephen G. Oswald, chairman, president and chief executive officer.
“Dave has extensive engineering product leadership experience,
especially leading multiple large scale engineering organizations
at UTC, which is now RTX. Dave will be key to our efforts both
organically and through acquisition to reach our 2027 commitments
to our shareholders and will help ensure Ducommun’s long-term
success.”
“I am both proud and honored to be joining the Ducommun Board of
Directors,” said Mr. Carter. “I look forward to working with their
strong team of leaders to continue to advance the priorities of the
business.”
Mr. Carter is the retired Senior Vice President of Engineering,
Pratt & Whitney Company, Inc., currently a subsidiary of RTX
Corporation, a position he occupied for four years until his
retirement in 2019. Previously, Mr. Carter was the Senior Vice
President, Engineering, Operations and Quality at UTC Aerospace
Systems from 2015 to 2016 and served as its Vice President,
Engineering and Technology from 2012 to 2015. Mr. Carter’s
extensive knowledge of Tier 1 and 2 engineered product lines in the
sector includes engines, electrical systems, aerostructures,
actuation, brakes, sensors and controls, and he was involved in
every aspect of product design, development and certification. He
expertly managed supplier relationships and outsourcing partners,
was responsible for expanding engineering team capabilities
internationally and has extensive customer experience dealing with
Boeing, Airbus and other original equipment manufacturers. Mr.
Carter holds a Master of Science degree in Mechanical Engineering
from the University of Virginia, Charlottesville.
About Ducommun Incorporated Ducommun
Incorporated delivers value-added innovative manufacturing
solutions to customers in the aerospace, defense and industrial
markets. Founded in 1849, the company specializes in two core areas
– Electronic Systems and Structural Systems – to produce complex
products and components for commercial aircraft platforms,
mission-critical military and space programs, and sophisticated
industrial applications. For more information, visit
Ducommun.com
Forward Looking StatementsThis
press release includes "forward looking statements" within the
meaning of the of the federal securities laws relating to Ducommun
Incorporated as discussed above, including statements relating to
Ducommun’s expectations relating to the contributions of its newly
appointed director, its efforts to reach its 2027 commitments and
similar expressions that concern Ducommun’s intentions or beliefs
about future occurrences, expectations, or results. Forward looking
statements are subject to risks, uncertainties and other factors
that may change over time and may cause actual results to differ
materially from those that are expected. It is very difficult to
predict the effect of known factors, and Ducommun cannot anticipate
all factors that could affect actual results that may be important
to an investor. All forward-looking information should be evaluated
in the context of these risks, uncertainties and other factors,
including those factors disclosed under “Risk Factors” in our
reports filed with the SEC, including the Company’s Quarterly
Reports on Form 10-Q, Annual Reports on Form 10-K, and Current
Reports on Form 8-K. The forward looking statements included in
this press release are made only as of the date of this press
release, and Ducommun does not undertake any obligation to (and
expressly disclaims any such obligation to) update the forward
looking statements to reflect subsequent events or
circumstances.
CONTACTS: Suman Mookerji, Senior Vice
President, Chief Financial Officer, 657.335.3665
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