Appointment of Helmuth Ludwig, Ph.D., Brings Wealth of Acquisition
Integration and Manufacturing IT Experience to Company’s Board
BURLINGTON, Mass.--(BUSINESS WIRE)--Nov. 9, 2015--
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 the appointment of
Helmuth Ludwig, Ph.D., to its Board of Directors effective January 1,
2016. He replaces Jerome D. Brady who will be retiring from the Board on
December 31, 2015.
Dr. Ludwig is currently Executive Vice President and Chief Manufacturing
Officer at Siemens PLM Software.
Commented David Dietz, CIRCOR’s Board chair: “Helmuth brings an
excellent reputation and strong global business experience to the
Company. His keen understanding of IT in manufacturing environments will
be invaluable as CIRCOR pursues its strategic plans to drive global
growth organically and through acquisition. We are pleased to welcome
Helmuth to the Board and look forward to his contributions.”
Dr. Ludwig brings a wealth of experience developing and leading highly
successful organizations. Prior to assuming his current role, he was CEO
of Siemens’ Industry sector for North America, overseeing sales of more
than $5 billion and 15,000 employees. When Siemens acquired PLM
Software in 2007, Ludwig was appointed President and is credited for
having successfully led the integration of the organization’s 50 legal
entities and multiple facilities across 26 countries. Earlier in his
career, he held a number of international assignments at Siemens in
Europe, Latin America and Asia.
Dr. Ludwig holds a Master of Science degree in Industrial Engineering
from the University of Karlsruhe, a Master of Business Administration
degree from the University of Chicago, and a Ph.D. in Political Science
from Christian-Albrechts University in Kiel. He teaches as adjunct
professor of International Corporate Strategy at SMU’s Cox School of
Business in Dallas.
David Dietz continued, “I would like to take this opportunity to thank
Jerry Brady for his more than 12 years of outstanding and consistent
contributions to CIRCOR through his expertise in corporate strategy and
manufacturing management.”
Jerry Brady joined CIRCOR’s Board of Directors in April 2003. Prior to
retiring in 2000, he served as the President and Chief Executive Officer
of C&K Components, Inc., a manufacturer of electronic components in
Watertown, Massachusetts.
About CIRCOR International, Inc.
CIRCOR
International, Inc. designs, manufactures and markets highly
engineered products and sub-systems for markets including oil & gas,
power generation and aerospace & defense. 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 website at http://investors.circor.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151109005902/en/
Source: CIRCOR International, Inc.
CIRCOR International, Inc.
Rajeev Bhalla, 781-270-1210
Executive
Vice President and Chief Financial Officer