Ruby Chandy Elected to AMETEK Board of Directors
BERWYN, Pa., May 9, 2013 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that the Company's stockholders have elected Ruby Chandy to its Board of Directors. Ms. Chandy currently is President of Pall Industrial, a $1.3 billion division of Pall Corporation.
"We are very pleased to welcome Ruby to AMETEK's Board of Directors. She is an experienced business leader with a strong strategic and marketing background across a number of industrial and technology businesses. Her contributions to the Company and the Board should significantly benefit the continued growth of AMETEK," commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Ms. Chandy has extensive experience in general management, marketing and strategy. She joined Pall Corporation in her current position in 2012 and is a member of its Executive Management Team. She also has held leadership positions at Dow Chemical Company, Thermo Fisher Scientific, Boston Scientific, Millipore Corporation and McKinsey & Co.
Prior to joining Pall, Ms. Chandy most recently led the Dow Plastics Additives Business and served as Chief Marketing Officer for Dow Chemical. In her general management and marketing roles, Ms. Chandy has specialized in driving growth through global strategy deployment, new product innovation, business development and market expansion.
Ms. Chandy is a graduate of the Massachusetts Institute of Technology, where she earned a Bachelor's Degree in Materials Science and Engineering and a Master's Degree in Business. She also holds a Master's Degree in Materials Science and Engineering from Northwestern University
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.5 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.