Joseph C. Berenato, the Company’s current chairman, will retire effective July 27, 2012. Mr. Berenato will continue as a member of the board of directors.
Anthony J. Reardon, the Company’s current president and chief executive officer, will also assume the role of chairman of the board of directors effective July 27, 2012.
Joel H. Benkie, currently group vice president of operations at Parker Aerospace, a unit of Parker Hannifin(NYSE: PH), will join the Company as its new executive vice president and chief operating officer effective June 18, 2012. He will report directly to Mr. Reardon and be responsible for all aspects of the Company’s operations, including manufacturing, sales and marketing, and supply chain management.
“We are very excited to have Joel join our team after an impressive
Founded in 1849,
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “begin,” “look
forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, any difficulties,
delays or failure in, or unanticipated costs of, realizing the expected
synergies of the LaBarge acquisition, and uncertainties regarding the
Company, its businesses and the industries in which it operates, which
are described in the Company’s filings with the
Joseph P. Bellino
Vice President and Chief Financial Officer