Woodward Announces Robert F. Weber, Jr. will Resume the Role of Vice Chairman, Chief Financial Officer
April 13 2020 - 4:05PM
Woodward, Inc. (NASDAQ:WWD) today announced that Robert (“Bob”) F.
Weber, Jr., will resume the role of Vice Chairman, Chief Financial
Officer, effective April 13, 2020, in response to the ongoing
global economic challenges and uncertainties attributable to the
coronavirus (COVID-19) pandemic and the resulting impact on the
broader macroeconomic environment and its business. Concurrently,
Jonathan (“Jack”) W. Thayer, the Company’s current Chief Financial
Officer, will depart the Company.
Thomas A. Gendron, Chairman, Chief Executive Officer and
President, commented, “Last week, we communicated a number of
immediate actions we were taking to address the economic challenges
that have resulted from the COVID-19 pandemic. As part of our
continuing efforts to navigate this unprecedented uncertainty, we
made the strategic decision to shift Bob, a seasoned veteran of the
Company, back into the critical role of Vice Chairman, Chief
Financial Officer. His significant institutional knowledge of our
business and end markets, coupled with his industry expertise and
leadership, will prove critical as we navigate this difficult
operating environment.”
Mr. Gendron concluded, “We want to thank Jack for his leadership
and contributions, as a board member and for the last year and a
half as an officer of the Company. He has been a strong asset to
Woodward, and we wish him all the best in his future
endeavors.”
Mr. Weber has 15 years of service with Woodward and over 40
years of industry experience. He served as Chief Financial Officer
from August 2005 until September 2019 and as Vice Chairman since
October 2011. Mr. Weber previously announced his intention to
retire in 2020, but in January 2020, the Company announced that he
had postponed his retirement indefinitely, and he remained with the
Company as Vice Chairman.
About Woodward, Inc.Woodward is an independent
designer, manufacturer, and service provider of control system
solutions and components for the aerospace and industrial markets.
The company's innovative fluid, combustion, electrical, and motion
control systems help customers offer cleaner, more reliable, and
more efficient equipment. Our customers include leading original
equipment manufacturers and end users of their products. Woodward
is a global company headquartered in Fort Collins, Colorado, USA.
Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking
statements that involve risks and uncertainties. Actual results
could differ materially from projections or any other
forward-looking statements and we have no obligation to update our
forward-looking statements. Factors that could affect performance
and could cause actual results to differ materially from
projections and forward-looking statements are described in
Woodward's Annual Report and Form 10-K for the year ended September
30, 2019 and any subsequently filed Quarterly Report on Form
10-Q.
CONTACT:Don GuzzardoVice President, Investor Relations and
Treasurer970-498-3580Don.Guzzardo@woodward.com
Woodward (NASDAQ:WWD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Woodward (NASDAQ:WWD)
Historical Stock Chart
From Sep 2023 to Sep 2024