CIRCOR Announces New Vice President of Business Development to Lead M&A Strategy
01 September 2009 - 11:15PM
Business Wire
CIRCOR International, Inc. (NYSE: CIR), a provider of valves and
other highly engineered products and subsystems that control the
flow of fluids safely and efficiently in the aerospace, energy and
industrial markets, today announced that it has appointed Arjun
“AJ” Sharma to the newly created position of Vice President,
Business Development. Sharma will oversee the Company’s M&A
strategy and strategic planning activities. Sharma will report to
CIRCOR Chairman and Chief Executive Officer Bill Higgins.
“A key component of CIRCOR’s growth strategy is to seek
synergistic, tuck-in acquisitions as well as pursue larger,
complementary businesses,” said Mr. Higgins. “Adding a seasoned
business development executive with a proven track record
strengthens our M&A and growth capabilities. During the past
five years, AJ played an integral role in completing several
acquisitions and divestitures. His extensive cross-border
transaction experience throughout Asia, Europe and North America
will be a valuable asset for CIRCOR as we expand our global
footprint.”
Prior to CIRCOR, Sharma was Managing Director with Global Equity
Partners, a venture capital private fund and strategy consulting
firm. At the firm, he was responsible for sourcing and executing
equity investments, and leading client engagements. In this role he
was retained by a Fortune 500 company to develop a growth strategy
and execute acquisitions and divestitures in the industrial
sector.
Before joining Global Equity Partners, Sharma was Director of
Mergers and Acquisitions at Textron Inc., a $13 billion
multi-industry company with a global network of aircraft, defense,
industrial and finance businesses, where he was responsible for
developing the company’s M&A strategy and leading acquisition
and divestiture transactions. Before Textron, Sharma held a series
of positions at SPX Corporation, a Fortune 500 multi-industry
company that is among the twenty most acquisitive industrial, test
and measurement segment corporations in the US, culminating in his
appointment as Director of Corporate Development.
Sharma holds a Certificate in Corporate Restructuring and
Mergers and Acquisitions from Harvard Business School, a Master of
Science degree in Finance from Drexel University and a Bachelor in
Commerce from Delhi University.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Reliance should not be placed on forward-looking
statements because they involve both known and unknown risks,
uncertainties and other factors, which are, in some cases, beyond
the control of CIRCOR. Any statements in this press release that
are not statements of historical fact are forward-looking
statements, including, but not limited to, those relating to the
Company’s M&A and growth strategy as well as Arjun Sharma’s
expected contributions. Actual events, performance or results could
differ materially from the anticipated events, performance or
results expressed or implied by such forward-looking statements.
BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE
STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED "RISK FACTORS" IN
OUR MOST RECENT ANNUAL REPORT ON FORM 10-K, WHICH CAN BE ACCESSED
UNDER THE "INVESTORS" LINK OF OUR WEBSITE AT WWW.CIRCOR.COM. We
undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
About CIRCOR International, Inc. CIRCOR International,
Inc. provides valves and other highly engineered products and
subsystems that control the flow of fluids safely and efficiently
in the aerospace, energy and industrial markets. With more than
9,000 customers in over 100 countries, CIRCOR has a diversified
product portfolio with recognized, market-leading brands. CIRCOR’s
strategy includes growing organically by investing in new,
differentiated products; adding value to component products; and
increasing the development of mission-critical subsystems. The
Company also plans to leverage its strong balance sheet to acquire
complementary businesses.
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