Robert Keane Joins Astronics Corporation’s Board of Directors
December 12 2019 - 4:15PM
Business Wire
Astronics Corporation (Nasdaq: ATRO), a leading provider of
advanced technologies for global aerospace, defense, and other
mission critical industries, today announced that Robert S. Keane
has joined its Board of Directors, effective December 9, 2019. Mr.
Keane is Chairman and CEO of Cimpress (Nasdaq: CMPR), which
provides mass customization services through its group of companies
and is strategically focused on investing in and building
entrepreneurial, customer-centric businesses.
Peter J. Gundermann, Chairman, President and CEO of Astronics,
commented, “Robert brings an entrepreneurial spirit, significant
public company experience and deep business acumen, which are
valuable attributes for our evolving Board of Directors. We believe
he will be a solid ambassador for shareholders. We welcome Robert’s
contributions as we advance our strategy for profitable growth to
build shareholder value.”
Mr. Keane founded Cimpress in 1995 and has grown the group to
$2.75 billion in revenue with a market capitalization of $3.3
billion. Prior to Cimpress, he was employed for seven years by
Astronics. He began his career in business management consulting.
Mr. Keane is a graduate of Harvard College, where he earned his
B.A. in economics, and INSEAD (France), where he earned his M.B.A.
Mr. Keane is a son of the late Kevin Keane, former Chairman of
Astronics.
The addition of Mr. Keane brings the Astronics Board to nine
directors, eight of whom are independent.
About Astronics Corporation Astronics Corporation
(Nasdaq: ATRO) serves the world’s aerospace, defense, and other
mission critical industries with proven, innovative technology
solutions. Astronics works side-by-side with customers, integrating
its array of power, connectivity, lighting, structures, interiors
and test technologies to solve complex challenges. For 50 years,
Astronics has delivered creative, customer-focused solutions with
exceptional responsiveness. Today, global airframe manufacturers,
airlines, militaries, completion centers and Fortune 500 companies
rely on the collaborative spirit and innovation of Astronics.
For more information on Astronics and its solutions, visit
Astronics.com, where information is frequently updated.
Safe Harbor Statement This news release contains
forward-looking statements as defined by the Securities Exchange
Act of 1934. One can identify these forward-looking statements by
the use of the words “expect,” “anticipate,” “plan,” “may,” “will,”
“estimate” or other similar expressions. Because such statements
apply to future events, they are subject to risks and uncertainties
that could cause actual results to differ materially from those
contemplated by the statements. Important factors that could cause
actual results to differ materially from what may be stated here
include the ability to grow the business and achieve profitability,
the success of the capital allocation strategy, the state of the
aerospace and defense industries, the market acceptance of newly
developed products, internal production capabilities, the timing of
orders received, the status of customer certification processes and
delivery schedules, the demand for and market acceptance of new or
existing aircraft which contain the Company’s products, the need
for new and advanced test and simulation equipment, customer
preferences and other factors which are described in filings by
Astronics with the Securities and Exchange Commission. The Company
assumes no obligation to update forward-looking information in this
news release whether to reflect changed assumptions, the occurrence
of unanticipated events or changes in future operating results,
financial conditions or prospects, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20191212005762/en/
Company David Burney, CFO Astronics Corporation T:
716.805.1599 x 159 david.burney@astronics.com
Investors Deborah K. Pawlowski Kei Advisors LLC T:
716.843.3908 dpawlowski@keiadvisors.com
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