BERWYN, Pa., May 9, 2013 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced that the Company's stockholders have
elected Ruby Chandy to its Board of
Directors. Ms. Chandy currently is President of Pall Industrial, a
$1.3 billion division of Pall
Corporation.
"We are very pleased to welcome Ruby to AMETEK's Board of
Directors. She is an experienced business leader with a
strong strategic and marketing background across a number of
industrial and technology businesses. Her contributions to
the Company and the Board should significantly benefit the
continued growth of AMETEK," commented Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
Ms. Chandy has extensive experience in general management,
marketing and strategy. She joined Pall Corporation in her current
position in 2012 and is a member of its Executive Management
Team. She also has held leadership positions at Dow Chemical
Company, Thermo Fisher Scientific, Boston Scientific, Millipore
Corporation and McKinsey & Co.
Prior to joining Pall, Ms. Chandy most recently led the Dow
Plastics Additives Business and served as Chief Marketing Officer
for Dow Chemical. In her general management and marketing
roles, Ms. Chandy has specialized in driving growth through global
strategy deployment, new product innovation, business development
and market expansion.
Ms. Chandy is a graduate of the Massachusetts Institute of Technology, where she
earned a Bachelor's Degree in Materials Science and Engineering and
a Master's Degree in Business. She also holds a Master's
Degree in Materials Science and Engineering from Northwestern University
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electro-mechanical
devices with annualized sales of $3.5
billion. AMETEK's Corporate Growth Plan is based on
Four Key Strategies: Operational Excellence, Strategic
Acquisitions, Global & Market Expansion and New Products.
AMETEK's objective is double-digit percentage growth in earnings
per share over the business cycle and a superior return on total
capital. The common stock of AMETEK is a component of the
S&P MidCap 400 and the Russell 1000 Indices.
Forward-looking Information
Statements in this news
release relating to future events, such as AMETEK's expected
business and financial performance are "forward-looking
statements." Forward-looking statements are subject to
various factors and uncertainties that may cause actual results to
differ significantly from expectations. These factors and
uncertainties include AMETEK's ability to consummate and
successfully integrate future acquisitions; risks associated with
international sales and operations; AMETEK's ability to
successfully develop new products, open new facilities or transfer
product lines; the price and availability of raw materials;
compliance with government regulations, including environmental
regulations; changes in the competitive environment or the effects
of competition in our markets; the ability to maintain adequate
liquidity and financing sources; and general economic conditions
affecting the industries we serve. A detailed discussion of
these and other factors that may affect our future results is
contained in AMETEK's filings with the U.S. Securities and Exchange
Commission, including its most recent reports on Form 10-K, 10-Q
and 8-K. AMETEK disclaims any intention or obligation to
update or revise any forward-looking statements.
Contact: Kevin C. Coleman (610)
889-5247
SOURCE AMETEK, Inc.