BERWYN, Pa., March 1, 2013 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that the Board of Directors has elected Ron Oscher as Senior Vice President and General Manager, Electronic Instruments Group. Mr. Oscher has served as Vice President and General Manager, Materials Analysis Division since 2010.
"I am pleased to announce the promotion of Ron to Senior Vice President and General Manager, Electronic Instruments Group. Ron has done a tremendous job managing the exceptional growth, profitability and global expansion of our Materials Analysis Division. Ron's strong general management and sales and marketing background make him well suited to take on an expanded management role within our Electronic Instruments Group," commented Frank Hermance, AMETEK Chairman and Chief Executive Officer.
Prior to joining AMETEK, Mr. Oscher held several positions with Emerson Electric Corporation including President – Analyzers & Solutions, Analytical Group. Previously, he served in a number of increasingly responsible roles in sales and marketing, planning and general management within Emerson Process Management and its Power & Water Solutions Division. In these roles Mr. Oscher has had significant international experience with assignments in both Europe and Asia. Prior to Emerson Electric, Mr. Oscher held engineering, sales and marketing roles with Westinghouse and McDonnell Douglas.
Mr. Oscher holds a Bachelor's of Science degree in Fluid and Thermal Science Engineering from Case Western Reserve University and a Master's of Business Administration degree from Baker College.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annual sales of $3.3 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include AMETEK's ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact: Kevin C. Coleman (610) 889-5247
SOURCE AMETEK, Inc.