Mr. Pedersen replaces William Perciballi, founder and CEO of ArmorWorks for the last 20 years. Mr. Perciballi remains a significant shareholder of the company and will serve as Vice Chairman where he will assist with strategy, technical direction, and product development.
"Since the successful recapitalization of the company, Bill's focus as CEO over the past 18 months has been to help set the company's turnaround strategy and re-establish its market leading position. We are now on the right path and Bill has decided it is time for someone else to take the helm. He will assist Brad during this transition and we will continue to have the benefit of Bill's experience in his Board capacity."
Mr. Pedersen has extensive experience with over 10 years of President/CEO leadership positions at both public and private companies. Mr. Pedersen joins ArmorWorks from Breeze-Eastern, the leading designer and manufacturer of helicopter hoists, where he served as President and CEO since 2012. During that period, he helped lead the company's organizational restructuring and successfully grew sales and profitability. Prior to that he was President of Airborne Systems Inc., a multi-national developer and manufacturer of military parachutes and related aerospace products, where he served as Chief Operating Officer and later President. He also spent six years at Sikorsky Aircraft Corp., most recently as Director of M&A, and in senior leadership positions at Boeing, where he began his career in 1983. He received a B.S. in Aeronautical Engineering Technology, and an MBA from Arizona State University.
Founded in 2001, ArmorWorks is a leading provider of specialized military survivability products, including composite and steel armor systems, blast attenuating seating systems and maximum security containers for the military and nuclear industries. ArmorWorks' survivability products are used by U.S. military ground forces as well as on military vehicle, aircraft, and naval applications. ArmorWorks is a U.S. military contractor. For more information, visit www.armorworks.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations LLC
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SOURCE ArmorWorks Enterprises