BERWYN, Pa., Nov. 6, 2014 /PRNewswire/ -- AMETEK, Inc. (NYSE:
AME) today announced two promotions within its senior management
team. Thomas C. Marecic and
Ronald J. Oscher have each been
promoted to President, Electronic Instruments Group. In these
roles, they will be responsible for overseeing different divisions
within the process businesses of AMETEK's Electronic Instrument
Group. Tom and Ron will report to David A. Zapico, AMETEK's Chief Operating
Officer, who was overseeing these businesses since his promotion to
Chief Operating Officer in December, 2012.
"I am very pleased to announce the promotions of Tom and
Ron. They have both made significant contributions to AMETEK
and have done a truly outstanding job managing key businesses
within AMETEK. Their excellent management capabilities and
deep knowledge of our businesses and markets make them ideally
suited for these expanded leadership roles," commented Frank S. Hermance, AMETEK Chairman and Chief
Executive Officer.
"AMETEK has grown significantly and we are well positioned for
continued strong growth. These promotions reflect the
tremendous growth opportunities and our continued focus on ensuring
that we have the appropriate management talent and structure
in place to fully capitalize on these opportunities," continued Mr.
Hermance.
Mr. Marecic joined AMETEK in 1994 as a product engineer in our
Process & Analytical Instruments business. Tom was
promoted to successively larger roles in management, including Vice
President and General Manager of our Process & Analytical
Instruments Division in 2006. Most recently Tom served as
Senior Vice President and General Manager, Electronic Instruments
Group since 2013. Prior to joining AMETEK, Mr. Marecic held
engineering positions with Millipore / Extrel and Three Rivers
Analytical.
Mr. Marecic holds a Bachelor of Science degree in Chemistry with
Honors from Pennsylvania State
University, a Master's of Science in Chemistry from
Duquesne University and an Executive
MBA from the University of Pittsburgh's
Katz School of Business.
"Tom has demonstrated a track record of tremendous success
during his more than 20 years with AMETEK. Tom has done an
excellent job in his prior roles by successfully combining organic
growth, acquisitions and geographic expansion," commented
Frank Hermance, AMETEK Chairman and
Chief Executive Officer.
Mr. Oscher joined AMETEK in 2010 as Vice President and General
Manager of our Materials Analysis Division and was promoted to
Senior Vice President and General Manager, Electronic Instruments
Group in 2013. Prior to joining AMETEK, Mr. Oscher held
several positions with Emerson Electric Corporation including
President – Analyzers & Solutions, Analytical Group.
Previously, he served in a number of increasingly responsible roles
in sales and marketing, planning and general management within
Emerson Process Management and its Power & Water Solutions
Division. Prior to Emerson Electric, Mr. Oscher held
engineering, sales and marketing roles with Westinghouse and
McDonnell Douglas.
Mr. Oscher holds a Bachelor's of Science degree in Fluid and
Thermal Science Engineering from Case Western
Reserve University and a Master's of Business Administration
degree from Baker College.
"Ron has done a tremendous job managing the exceptional growth,
profitability and global expansion of many of our key process
businesses. Additionally, Ron has been instrumental in
developing and expanding globally our sales and service
infrastructure across key markets and geographies," commented
Frank Hermance, AMETEK Chairman and
Chief Executive Officer.
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.