BERWYN, Pa., Sept. 10, 2014 /PRNewswire/ -- AMETEK, Inc.
(NYSE: AME) today announced that its Board of Directors has
appointed Gretchen W. McClain as a
new director of the Company. Ms. McClain most recently served
as Chief Executive Officer for Xylem, Inc.
"We are very pleased to welcome Gretchen to AMETEK's Board of
Directors. She is an experienced business executive with a strong
technology background and experience that nicely complements an
already strong Board of Directors. I am confident she will
make important contributions to the Board and the Company as we
continue our strong growth," commented Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
Ms. McClain was the founding Chief Executive Officer of Xylem
which was formed from the spinoff of the global water businesses of
ITT Corporation in October 2011.
Ms. McClain joined ITT in September
2005 as President of its Residential and Commercial Water
business, and was named in March 2007
President of ITT Fluid Technology. In December 2008, she was promoted to Senior Vice
President and President of ITT Fluid and Motion Control.
Prior to joining ITT, Ms. McClain held leadership positions
within Honeywell Aerospace, including Vice President and General
Manager of the Business, General Aviation, and Helicopter
Electronics Division, and Vice President for Engineering,
Technology and Program Management for Honeywell Aerospace's
Engines, Systems and Services Division. Ms. McClain spent nine
years with NASA prior to joining Honeywell where she aided in the
development and launch of the International Space Station
Program.
Ms. McClain currently serves on the Board of Directors of
Booz Allen Hamilton. She is a
graduate of the University of Utah,
where she earned a Bachelor's Degree in Mechanical
Engineering.
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electro-mechanical
devices with 2013 sales of $3.6
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 500 Index.
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.