Former TransDigm and Parker-Hannifin Leader Brings Strong Global
Industry, Operations and General Management Experience
BURLINGTON, Mass.--(BUSINESS WIRE)--Mar. 6, 2014--
CIRCOR
International, Inc. (NYSE: CIR), a leading provider of valves and
other highly engineered products for markets including oil & gas, power
generation and aerospace & defense, today announced that Vincent
Sandoval will join the Company as Group President—CIRCOR Aerospace &
Defense effective March 19, 2014. Mr. Sandoval currently is the
President of TransDigm Group, Inc.’s Semco Instruments subsidiary, which
designs and manufactures sensors and harnesses for use on various
commercial and military airframe and engine platforms. Prior to joining
TransDigm in 2010, Mr. Sandoval served 20 years in positions of
increasing responsibility with Parker-Hannifin Corporation. He replaces
Michael Dill who is leaving the Company to pursue other opportunities.
“I’m excited to welcome Vince to CIRCOR,” said President and CEO Scott
Buckhout. “Vince has a proven track record of improving the operational
performance and organic growth of global businesses under his command. I
am confident that he is the right person to take the reins at CIRCOR
Aerospace & Defense, as we continue to pursue our goal of improving
operating margins, improving customer relationships and leveraging our
existing businesses in this key segment.”
“I also would like to thank Michael Dill for his years of dedicated
service to CIRCOR and wish him well in his future endeavors,” concluded
Buckhout.
Sandoval said, “In joining CIRCOR, I see a tremendous opportunity to
leverage my aerospace experience and expertise in building upon a strong
foundation to drive improved operating results. CIRCOR Aerospace &
Defense produces equipment on a number of exciting platforms with key
customers that I believe we can leverage into significant additional
growth. I also look forward to working with the entire CIRCOR team to
execute on the Company’s growth and operations strategy.”
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets valves and
other highly engineered products for markets including oil & gas, power
generation and aerospace & defense. With more than 7,000 customers in
over 100 countries, CIRCOR has a diversified product portfolio with
recognized, market-leading brands that fulfill its customers’ unique
application needs. The Company’s strategy is to grow organically and
through complementary acquisitions; simplify CIRCOR’s operations;
achieve world class operational excellence; and attract and retain top
industry talent. For more information, visit the Company’s investor
relations web site at http://investors.circor.com
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Reliance
should not be placed on forward-looking statements because they involve
unknown risks, uncertainties and other factors, which are, in some
cases, beyond the control of CIRCOR. Any statements in this press
release that are not statements of historical fact are forward-looking
statements, including, but not limited to, those relating to CIRCOR’s
future performance. Actual events, performance or results could differ
materially from the anticipated events, performance or results expressed
or implied by such forward-looking statements. BEFORE MAKING ANY
INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO
READ THE SECTION ENTITLED "RISK FACTORS" IN OUR MOST RECENT ANNUAL
REPORT ON FORM 10-K AND SUBSEQUENT REPORTS ON FORMS 10-Q, WHICH CAN BE
ACCESSED UNDER THE "INVESTORS" LINK OF OUR WEBSITE AT WWW.CIRCOR.COM.
We undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Source: CIRCOR International, Inc.
CIRCOR International
Rajeev Bhalla, 781-270-1200
Executive
Vice President & Chief Financial Officer