Actuant Announces Appointment of Jim Ferland as Board Chair
January 30 2019 - 4:00PM
Business Wire
Actuant Corporation (NYSE:ATU) today announced Jim Ferland’s
appointment as board chair following Robert Peterson’s decision not
to stand for re-election to Actuant’s Board of Directors following
the expiration of his term.
“We greatly value the broad experience Jim has brought to the
Board as a former public company CEO and Board Chair. Jim has been
instrumental in leading the Board’s discussions on portfolio
management and capital allocation, and I am confident that under
Jim’s leadership Actuant will continue to drive shareholder value
as a premier industrial tool company,” said Randy Baker, President
and CEO. “On behalf of the Actuant team, we extend our
congratulations to Jim.”
Mr. Ferland succeeds former board chair Robert Peterson, who
served on the Board of Directors since 2003, became lead
independent director in 2014 and was appointed as Chair in
2016.
“Bob has been instrumental in shaping Actuant’s strategic
direction over the years and has provided the Company with over 15
years of guidance and leadership. In addition, Bob’s financial and
private equity expertise has been a valuable resource to the
Board,” added Baker. “I would like to thank Bob for his commitment
to the Company and its shareholders and wish him well in
retirement.”
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: https://www.businesswire.com/news/home/20190130005696/en/
Barb BolensVP Corporate Strategy and Investor
Relations262-293-1562
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