CIRCOR International Names Chadi Chahine as Chief Financial Officer
03 January 2019 - 12:30AM
Business Wire
Former CFO of Smith & Nephew’s U.S.
Operations Brings 22 Years of Finance and Global Markets
Expertise
CIRCOR International, Inc. (NYSE: CIR), a leading provider of
flow control solutions and other highly engineered products for the
Industrial, Energy and Aerospace & Defense markets, today
announced the appointment of Chadi Chahine as Senior Vice President
and Chief Financial Officer, effective today. He joins CIRCOR from
global medical technology company Smith & Nephew, where he was
CFO of its U.S. business.
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CIRCOR International appointed Chadi
Chahine as Senior Vice President and Chief Financial Officer,
effective January 2, 2019. He joined CIRCOR from global medical
technology company Smith & Nephew, where he was CFO of its U.S.
business. (Photo: Business Wire)
“Chadi’s experience in managing global financial operations for
successful multinational organizations will be invaluable as CIRCOR
continues to expand its presence in international markets,” said
Scott Buckhout, the Company’s President and Chief Executive
Officer. “Chadi brings a strong combination of global operational
expertise and financial acumen, skills that are integral to the
success of our long-term growth strategy.”
Mr. Chahine joined Smith & Nephew as CFO, International
Markets, in 2012. In that role he helped to drive profitable and
sustained growth through organic and M&A initiatives that
doubled the Emerging Markets business over a five-year period. He
was promoted to CFO of Smith & Nephew’s U.S. operations in
February 2017. Mr. Chahine began his career in public accounting
and spent 13 years at Abbott Laboratories in positions of
increasing responsibility within finance and general
management.
Fluent in English, French and Arabic, Mr. Chahine has lived and
worked in nine countries across four continents. He received a
Bachelor of Science in math and economics from the University of
Montreal in Quebec, Canada. He also earned a Bachelor of Commerce
in accounting from the University of Quebec, Canada. He is a
Certified Public Accountant.
In August 2018, CIRCOR announced the planned departure of CFO
Rajeev Bhalla, who agreed to remain in the role until a successor
was named. “I would like to thank Rajeev for his contributions to
CIRCOR during the past five years, and for agreeing to remain with
the Company during our search for a new CFO,” Mr. Buckhout
said.
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets
differentiated technology products and sub-systems for markets
including oil & gas, industrial, aerospace & defense and
commercial marine. CIRCOR has a diversified flow and motion control
product portfolio with recognized, market-leading brands that
fulfill its customers’ mission critical needs. The Company’s
strategy is to grow organically and through complementary
acquisitions; simplify CIRCOR’s operations; achieve world class
operational excellence; and attract and retain top talent. For more
information, visit the Company's investor relations website at
http://investors.circor.com.
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 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 CIRCOR's future performance, including the success of
our long-term growth strategy. Actual events, performance or
results could differ materially from the anticipated events,
performance or results expressed or implied by such forward-looking
statements. Important factors that could cause actual results to
vary from expectations include, but are not limited to: our ability
to respond to competitive developments and to grow our business,
both domestically and internationally; changes in the cost, quality
or supply of raw materials; our ability to comply with our debt
obligations; our ability to successfully implement our acquisition,
divesture or restructuring strategies, including our integration of
the Fluid Handling business; changes in industry standards or
government regulations, both in the United States and
internationally; and our ability to operate our manufacturing
facilities at current or higher levels and respond to increases in
manufacturing costs. 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 AND SUBSEQUENT QUARTERLY REPORTS ON FORMS 10-Q, 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.
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Sharon Merrill Associates, Inc.Scott Solomon, Senior Vice
President(617) 542-5300CIR@investorrelations.com
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