BERWYN, Pa., Nov. 5, 2021 /PRNewswire/ -- AMETEK,
Inc. (NYSE: AME) today announced the appointment of
Dave Hermance as President,
Electromechanical Group. Mr. Hermance currently serves as Vice
President and General Manager, AMETEK Measurement, Communications
and Testing (MC&T) Division. Dave will be replacing
Tim Jones, President,
Electromechanical Group, who announced his intention to retire at
the end of 2021 following his 42-year tenure with the company.
"Dave is a proven operating executive and has contributed
greatly to AMETEK's success," commented David A. Zapico, AMETEK Chairman and Chief
Executive Officer. "Most recently, he has led strong growth and
expansion of our MC&T division including the integration of
several important acquisitions. I look forward to Dave taking on a
broader role at the company as part of our Executive Office."
"I want to thank Tim for his tremendous service over a long and
distinguished career," continued Mr. Zapico. "Tim has been
instrumental in AMETEK's growth and success during his over four
decades of service, providing invaluable leadership and guidance.
On behalf of all AMETEK colleagues, I want to wish Tim and his
family all the best on his retirement."
Mr. Hermance joined AMETEK in 1991 as a Marketing Analyst and
Planner within our U.S. Gauge business and has continued to take on
successfully larger leadership roles at the company including
Business Unit Manager for our Industrial Products and for our
Sensor Technologies businesses before taking on his current role as
head of MC&T in 2016. Mr. Hermance holds a Bachelor of Science
degree in Business Administration and Management and a master's
degree in Business Administration from Oregon
State University.
This leadership change will go into effect January 1, 2022.
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electromechanical
devices with annualized sales of $5.5
billion. The AMETEK Growth Model integrates the Four Growth
Strategies - Operational Excellence, New Product Development,
Global and Market Expansion, and Strategic Acquisitions - with a
disciplined focus on cash generation and capital deployment.
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.
Contact:
Kevin
Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
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SOURCE AMETEK, Inc.