Actuant Corporate Development Announcement
October 26 2017 - 5:00PM
Business Wire
Actuant Corporation (NYSE:ATU) today announced that as part of a
planned transition, Ted Wozniak, Executive Vice President,
Corporate Development will be retiring as of the end of the
calendar year.
Randy Baker, President and Chief Executive Officer of Actuant,
stated “M&A and portfolio management are key strategic aspects
to achieving our 2021 vision. The changes to our corporate
development function represent another step in the streamlining and
simplification of functional leadership at Actuant, while
strengthening the execution and success of our inorganic growth
strategies. I want to thank Ted for his many contributions during
more than ten years of service to Actuant and wish him well.”
Going forward, the Company’s development activities will be
collaboratively managed across the segment and corporate
organizations. Among other items, this encompasses merger &
acquisition and business development activities including strategy
and inorganic growth initiatives, pipeline development, strategic
evaluation, deal structure, valuation, due diligence and
negotiation.
About Actuant
Actuant Corporation is a diversified industrial company serving
customers from operations in more than 30 countries. The Actuant
businesses are leaders in a broad array of niche markets including
branded hydraulic tools and solutions, specialized products and
services for energy markets and highly engineered position and
motion control systems. The Company was founded in 1910 and is
headquartered in Menomonee Falls, Wisconsin. Actuant trades on the
NYSE under the symbol ATU. For further information on Actuant and
its businesses, visit the Company's website at www.actuant.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171026006559/en/
Actuant CorporationKaren BauerCommunications & Investor
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