Ducommun Names Doug Groves Chief Financial Officer and Kevin Wright Vice President of Strategy and Business Development
January 20 2016 - 7:00AM
Business Wire
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”)
today announced that Douglas L. Groves, a member of the Company’s
executive leadership team, has been named vice president, chief
financial officer, and treasurer effective January 1, 2016
succeeding Joseph P. Bellino, who retired at the end of 2015 as
part of a succession plan previously announced. Mr. Groves reports
to Anthony J. Reardon, chairman and chief executive officer. In
addition, Kevin J. Wright has been appointed vice president of
strategy and business development for Ducommun AeroStructures and
Ducommun LaBarge Technologies, a newly created position in which he
will lead Ducommun’s corporate business development activities
including sales, marketing, and mergers and acquisitions. He
reports to Joel H. Benkie, president and chief operating
officer.
“Doug and Kevin are accomplished and talented executives who are
outstanding additions to Ducommun’s senior leadership team.
Ducommun will benefit from their insight and acumen, earned over
lengthy and successful careers focused on driving higher operating
performance and profitable growth,” said Anthony J. Reardon,
chairman and chief executive officer.
Mr. Groves joined Ducommun in January 2013 as vice president of
accounting and moved into the vice president, controller and chief
accounting officer role later that year. He has more than 25 years
of management experience in finance, accounting, audit, and
information technology within a global manufacturing environment.
He joined Ducommun from Beckman Coulter, Inc., where he served as
corporate vice president and chief information officer after
holding a series of progressively responsible finance and
accounting management positions, including vice president of
finance for the North American operations. Mr. Groves has an MBA
from the University of Southern California and a bachelor’s degree
from California State University at Long Beach.
Mr. Wright joins Ducommun with more than 30 years of experience
spearheading market-driven growth strategies. Most recently, he
served as senior vice president of strategy, sales and marketing at
Meggitt Control Systems. Prior to that he held leadership positions
in strategic business development at Crane Aerospace and SITA. Mr.
Wright received his bachelor’s degree in electrical and electronics
engineering from the University of Nottingham, U.K.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other
industries through a wide spectrum of electronic and structural
applications. The company is an established supplier of critical
components and assemblies for commercial aircraft and military and
space vehicles as well as for the energy market, medical field, and
industrial automation. It operates through two primary business
units – Ducommun AeroStructures (DAS) and Ducommun LaBarge
Technologies (DLT). Additional information can be found at
www.ducommun.com.
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 the 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, and uncertainties regarding
the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no
obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160120005503/en/
Ducommun IncorporatedDouglas L. Groves, 310-513-7200Vice
President, Treasurer and Chief Financial OfficerorChris Witty,
646-438-9385Investor Relationscwitty@darrowir.com
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