Joy Global Inc. Announces Election of Sutherlin as CEO

Date : 12/20/2006 @ 4:01PM
Source : PR Newswire
Stock : Joy Global Inc. (MM) (JOYG)
Quote : 28.88  -2.09 (-6.75%) @ 8:00PM
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Joy Global Inc. Announces Election of Sutherlin as CEO

MILWAUKEE, Dec. 20 /PRNewswire-FirstCall/ -- Joy Global Inc. (NASDAQ:JOYG) today announced that its board of directors has elected Michael W. Sutherlin as the company's chief executive officer and president. Mr. Sutherlin, who has served as president of Joy Mining Machinery since 2003, will assume his new role on December 26. As previously announced, John Hanson, the company's chairman, CEO and president since 2000, will retire from the company at the end of January 2007 but will continue as non-executive chairman of the company's board of directors.

About The Company

Joy Global Inc. is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery.

DATASOURCE: Joy Global Inc.

CONTACT: Donald C. Roof, Executive Vice President and Chief Financial

Officer of Joy Global, +1-414-319-8517; or Analyst Contact, George Zagoudis of

Financial Relations Board, +1-312-640-6663

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