Ladish Executive Kerry Woody Announces Retirement
September 25 2009 - 4:30PM
PR Newswire (US)
CUDAHY, Wis., Sept. 25 /PRNewswire-FirstCall/ -- Ladish Co., Inc.
(http://www.ladishco.com/) (NASDAQ:LDSH). Ladish President and CEO
Kerry L. Woody announced today that he is retiring. Woody has led
Ladish since 1995. He previously served as Ladish Vice President of
manufacturing and various other positions in the production,
planning and engineering disciplines. Commenting on his retirement,
Woody said, "After more than fourteen years of leading Ladish, I
have decided that the time is right to retire. I leave Ladish
knowing the successful course we have charted will be followed by
future management teams. It has been a privilege to have been a
part of the proud 104 year heritage of Ladish and to work with its
many dedicated employees." The Ladish Board of Directors
acknowledged and appreciated Kerry's long record of accomplishments
across many disciplines and functions and the contributions he has
made to Ladish over 34 years of service. During his tenure, several
strategic acquisitions were made that contributed to Ladish's
long-term growth and helped it maintain its profitability despite
the challenges of the business cycle. The Ladish Board of Directors
has named Gary J. Vroman, 49, to the position of President and CEO
and a Director of Ladish succeeding Mr. Woody. Vroman, formerly
President of Ladish Forging, the largest operating subsidiary of
Ladish, has been in various management roles at Ladish for over 25
years. Vroman has a B.S. in engineering from the University of
Illinois and a M.S. in Engineering Management from the Milwaukee
School of Engineering. The Board of Directors has also appointed
Wayne E. Larsen, currently Vice President Law/Finance of Ladish, to
a seat on the Board. Ladish Co., Inc. is a leading producer of
highly engineered, technically advanced metal components for the
jet engine, aerospace and general industrial markets. Ladish is
headquartered in Cudahy, Wisconsin with operations in Wisconsin,
California, Connecticut, Oregon and Poland. Ladish common stock
trades on Nasdaq under the symbol LDSH. This release includes
forward-looking statements that are made pursuant to the safe
harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those projected in them. These risks and uncertainties
include, but are not limited to, uncertainties in the company's
major markets, the impact of competition, the effectiveness of
operational changes expected to increase efficiency and
productivity, worldwide economic and political conditions and the
effect of foreign currency fluctuations. DATASOURCE: Ladish Co.,
Inc. CONTACT: Wayne E. Larsen, for Ladish Co., Inc.,
+1-414-747-2935, +1-414-747-2602 Fax Web Site:
http://www.ladishco.com/
Copyright
Ladish Co., Inc. (MM) (NASDAQ:LDSH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ladish Co., Inc. (MM) (NASDAQ:LDSH)
Historical Stock Chart
From Jul 2023 to Jul 2024