Gardner Denver Announces Neil Snyder as Chief Financial Officer Successor
29 November 2018 - 8:15AM
Business Wire
Current CFO, Todd Herndon, to Assist in
Transition Prior to Retirement
Gardner Denver Holdings, Inc. (NYSE: GDI) today announced that
Neil Snyder will succeed Todd Herndon as the company’s Chief
Financial Officer (CFO) effective January 1, 2019. Herndon will
stay on with the company to assist in the transition of the CFO
role to Snyder.
Snyder, currently Senior Vice President of Global Finance,
Business Development & Planning, will, in his new role, report
directly to Vicente Reynal, Chief Executive Officer (CEO). Snyder
joined Gardner Denver in March 2016 as Vice President of Strategy
& Planning, Industrials Segment. In January 2017, he was
promoted to Senior Vice President of Strategy, Business Development
& Planning, and in August 2018, he took on expanded
responsibilities with the appointment to his current role of Senior
Vice President of Global Finance, Business Development &
Planning, which includes leadership of the global finance and
controllership functions.
Prior to joining Gardner Denver, Snyder served at Capital Safety
Inc., a global leader of fall protection and safety equipment, as
its Vice President, Head of Financial Planning and Analysis from
June 2012 to January 2016, and President, Europe, Middle East and
Africa from September 2013 to May 2014. Before Capital Safety,
he held various executive roles of increasing responsibility at
United Technologies Corporation from 2007 to 2012. Snyder started
his career at Ernst & Young LLP in public accounting.
“Neil brings to the CFO role comprehensive knowledge of Gardner
Denver and our end markets as well as strong financial expertise,”
said Reynal. “In addition, his experience leading our business
development function makes him particularly well suited to take on
this important leadership role during Gardner Denver’s next chapter
of transformation. I am excited to have him as my partner as we
continue moving the company forward.”
Herndon added, “Having worked with Neil for many years, I can
attest that he has all of the knowledge and skills needed to be a
successful CFO, and I can think of no one better to fill this
critical role at Gardner Denver. We have been planning this
transition for some time, and Neil’s experience, knowledge of
Gardner Denver and the expansion of his responsibilities this last
summer will allow for a seamless transition.”
Herndon plans to retire later in 2019. Until then, he will stay
with the company in an executive capacity and assist in the
transition of the CFO role. “Todd’s wealth of experiences across
all areas of finance coupled with his dedication to our business
and people have significantly contributed to the success of Gardner
Denver,” said Reynal. “I am grateful for the contribution he has
made over the years including during our initial public offering in
2017, and appreciate his commitment in staying on with us for a
period of time to ensure a smooth transition.”
About Gardner Denver
Gardner Denver (NYSE: GDI) is a leading global
provider of mission-critical flow control and compression equipment
and associated aftermarket parts, consumables and services, which
it sells across multiple attractive end-markets within the
industrial, energy and medical industries. Its broad and complete
range of compressor, pump, vacuum and blower products and services,
along with its application expertise and over 155 years of
engineering heritage, allows Gardner Denver to provide
differentiated product and service offerings for its customers'
specific uses. Gardner Denver supports its customers
through its global geographic footprint of 39 key manufacturing
facilities, more than 30 complementary service and repair centers
across six continents, and approximately 6,700 employees
world-wide.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act") and Section 21E of the Securities
Exchange Act of 1934. These statements include, but are not limited
to, statements related to our expectations regarding the leadership
appointments discussed herein, the performance of our business, our
financial results, our liquidity and capital resources and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as "outlook," "believes,"
"expects," "potential," "continues," "may," "will," "should,"
"could," "seeks," "projects," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words
or other comparable words. Such forward-looking statements are
subject to various risks and uncertainties, including macroeconomic
factors beyond the Company’s control, risks of doing business
outside the United States, the Company’s dependence on the
level of activity in the energy industry, potential governmental
regulations restricting the use of hydraulic fracturing, raw
material costs and availability, the risk of a loss or reduction of
business with key customers or consolidation or the vertical
integration of the Company’s customer base, loss of or disruption
in the Company’s distribution network, the risk that ongoing and
expected restructuring plans may not be as effective as the Company
anticipates, and the Company’s substantial indebtedness. Additional
factors that could cause Gardner Denver’s results to differ
materially from those described in the forward-looking statements
can be found under the section entitled "Risk Factors" in our
prospectus dated May 2, 2018, filed with the Securities and
Exchange Commission ("SEC") pursuant to Rule 424(b) of the
Securities Act on May 4, 2018, as such factors may be updated from
time to time in our periodic filings with the SEC, which are
accessible on the SEC's website at www.sec.gov. Accordingly,
there are or will be important factors that could cause actual
outcomes or results to differ materially from those indicated in
these statements. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in our
filings with the SEC. We undertake no obligation to publicly update
or review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required
by law.
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Gardner Denver Holdings, Inc.Media & Investor Relations
ContactVikram Kini(414) 212-4753vikram.kini@gardnerdenver.com
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