Brady Corporation Names Stephen Millar President - Brady Asia-Pacific
March 30 2011 - 8:30AM
Business Wire
Brady Corporation (NYSE:BRC), a world leader in identification
solutions, announced today that Stephen Millar has been named
President - Brady Asia-Pacific, effective April 1, 2011. Millar,
50, will be responsible for the growth and development of all Brady
business across the Asia-Pacific region, with operations in
Australia, China, Japan, Korea, Taiwan, Hong Kong, Malaysia,
Thailand, Singapore, India and the Philippines.
Millar joined Brady Australia in 1999 and served as managing
director until 2008. Under his leadership, Brady’s base business in
Australia nearly tripled and four acquisitions were completed to
further grow Brady’s presence in Australia. In 2008, Millar joined
Brady America’s leadership team as vice-president and general
manager responsible for its portfolio of people identification,
medical and education businesses. In 2010, he returned to Asia in
the newly created role of MRO director for the region. Prior to
joining Brady, Millar served in a variety of leadership positions
in Australia and New Zealand with GNB Technologies, a global
manufacturer of automotive and industrial batteries. He holds a
Bachelor of Commerce and Administration degree from Victoria
University of Wellington, New Zealand, and is a member of the
Institute of Chartered Accountants of New Zealand.
“Stephen’s impressive track record of profitable growth and his
knowledge of our business and people in Asia make him the perfect
choice to lead the next wave of growth in the Asia Pacific region,
including executing our strategy to expand our MRO product lines
and strengthening our OEM business in the region,” said Frank M.
Jaehnert, Brady president and chief executive officer.
“I’m excited about this opportunity to lead Brady’s Asia Pacific
team and I’m looking forward to continuing to strengthen our
business in the region,” said Millar. “We have a well-established
footprint throughout the region, with strong and passionate
business leaders, and a committed team of employees driving for
growth every day.”
Brady Corporation is an international manufacturer and marketer
of complete solutions that identify and protect premises, products
and people. Its products help customers increase safety, security,
productivity and performance and include high-performance labels
and signs, safety devices, printing systems and software, and
precision die-cut materials. Founded in 1914, the company has
millions of customers in electronics, telecommunications,
manufacturing, electrical, construction, education, medical and a
variety of other industries. Brady is headquartered in Milwaukee
and employs more than 6,600 people at operations in the Americas,
Europe and Asia-Pacific. Brady’s fiscal 2010 sales were
approximately $1.26 billion. In fiscal 2010, the Asia-Pacific
region accounted for 26 percent of Brady’s sales. Brady stock
trades on the New York Stock Exchange under the symbol BRC. More
information is available on the Internet at www.bradycorp.com.
Brady believes that certain statements in this news release are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements related to
future, not past, events included in this news release, including,
without limitation, statements regarding Brady’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or similar
terminology are generally intended to identify forward-looking
statements. These forward-looking statements by their nature
address matters that are, to different degrees, uncertain and are
subject to risks, assumptions and other factors, some of which are
beyond Brady’s control, that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. For Brady, uncertainties arise from the length or
severity of the current worldwide economic downturn or timing or
strength of a subsequent recovery; future financial performance of
major markets Brady serves, which include, without limitation,
telecommunications, manufacturing, electrical, construction,
laboratory, education, governmental, public utility, computer,
transportation; difficulties in making and integrating
acquisitions; risks associated with newly acquired businesses;
Brady’s ability to develop and successfully market new products;
changes in the supply of, or price for, parts and components;
increased price pressure from suppliers and customers; fluctuations
in currency rates versus the US dollar; unforeseen tax
consequences; potential write-offs of Brady’s substantial
intangible assets; Brady’s ability to retain significant contracts
and customers; risks associated with international operations;
Brady’s ability to maintain compliance with its debt covenants;
technology changes; business interruptions due to implementing
business systems; environmental, health and safety compliance costs
and liabilities; future competition; interruptions to sources of
supply; Brady’s ability to realize cost savings from operating
initiatives; difficulties associated with exports; risks associated
with restructuring plans; risks associated with obtaining
governmental approvals and maintaining regulatory compliance; and
numerous other matters of national, regional and global scale,
including those of a political, economic, business, competitive and
regulatory nature contained from time to time in Brady’s U.S.
Securities and Exchange Commission filings, including, but not
limited to, those factors listed in the “Risk Factors” section
located in Item 1A of Part I of Brady’s Form 10-K for the
year ended July 31, 2010. These uncertainties may cause Brady’s
actual future results to be materially different than those
expressed in its forward-looking statements. Brady does not
undertake to update its forward-looking statements.
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