Curtiss-Wright Announces New President of Flow Control Segment
03 May 2004 - 11:40PM
PR Newswire (US)
Curtiss-Wright Announces New President of Flow Control Segment
ROSELAND, N.J., May 3 /PRNewswire-FirstCall/ -- Curtiss-Wright
Corporation (NYSE: CW; CW.B), a diversified, global provider of
highly engineered products and services through its Motion Control,
Flow Control, and Metal Treatment segments, today named David J.
Linton as President of the Flow Control segment, Curtiss-Wright
Flow Control Corporation. Mr. Linton will replace Richard Langseder
who has served as Interim President of CWFCC since October of 2003.
Mr. Langseder will assume the position of Executive Vice President
for CWFCC. An aerospace and defense industry veteran, Mr. Linton
brings 26 years of experience in the aerospace, defense and
technology markets. Most recently he worked at Raytheon Network
Centric Systems as Vice President of Program Management. Prior to
joining Raytheon, Mr. Linton served as Chief Executive Officer of
Cordiem LLC, an aerospace B2B consortia comprised of nine major
airlines and three original equipment manufacturers, and as Vice
President and General Manager of Electric Systems for Hamilton
Sundstrand Corporation, a United Technologies Company. His
engineering and business expertise includes a broad range of
technologically advanced systems and components, systems
engineering, strategic planning and business development, and
provides an excellent background for leading the Flow Control
segment with its growing market reach. Curtiss-Wright's flow
control business began in 1951 as Target Rock and originally
specialized in the design and manufacture of highly engineered
valves and related products for Naval Propulsion systems. Since
1998, Curtiss-Wright Flow Control has made seven acquisitions and
has significantly expanded its product line and distribution
capabilities to the commercial power generation, oil, gas and
chemical processing industries. As a result of the segment's
continued growth and product line expansion, Flow Control's 2003
sales were $341 million compared with $172 million in 2002, a 97%
increase. Martin R. Benante, Chairman and CEO of Curtiss-Wright
said, "Curtiss- Wright's Flow Control segment has achieved
exceptional growth in recent years, both in the military market and
by expanding into complementary commercial markets. The appointment
of David Linton as President of Flow Control gives me great
confidence in the strategic direction and future performance of
this business. I have the highest regard for David's experience,
leadership, enthusiasm and insight." Mr. Benante continued, "We are
extremely grateful to Mr. Langseder for overseeing our Flow Control
segment during the past six months. He is a highly valued employee
with a long tenure at Curtiss-Wright and he will continue to
provide significant contributions to the growth and management
operations of Curtiss-Wright Flow Control." Mr. Linton earned a
Bachelors of Science degree in Mechanical Engineering from the
University of Wisconsin, Madison and a Masters in Business
Administration degree from Rockford College. He has taken an active
role in professional and community activities, including serving on
the Boards of Directors for Cordiem LLC and Jet-A.com, as well the
Rockford Symphony Orchestra. About Curtiss-Wright Curtiss-Wright
Corporation is a diversified company headquartered in Roseland, New
Jersey. The Company designs, manufactures and overhauls products
for motion control and flow control applications, and provides of
metal treatment services. The firm employs approximately 4,900
people worldwide. More information on Curtiss-Wright can be found
on the Internet at http://www.curtisswright.com/. Forward-looking
statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied. Readers are cautioned not to place
undue reliance on these forward- looking statements, which speak
only as of the date hereof. Such risks and uncertainties include,
but are not limited to: a reduction in anticipated orders; an
economic downturn; changes in competitive marketplace and/or
customer requirements; a change in government spending; an
inability to perform customer contracts at anticipated cost levels;
and other factors that generally affect the business of aerospace,
defense contracting, marine, and industrial companies. Please refer
to the Company's current SEC filings under the Securities and
Exchange Act of 1934, as amended, for further information. This
press release and additional information on the company is
available at http://www.curtisswright.com/. DATASOURCE:
Curtiss-Wright Corporation CONTACT: Alexandra Magnuson of
Curtiss-Wright Corporation, +1-973-597-4734 Web site:
http://www.curtisswright.com/
Copyright