BERWYN, Pa., Nov. 3, 2011 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that the Board of Directors has elected H. Ian McGavisk as Senior Vice President - Engineered Materials, Interconnects and Packaging. Mr. McGavisk has served as Vice President and General Manager, Engineered Materials, Interconnects and Packaging since joining AMETEK in 2006.
"I am pleased to announce the promotion of Ian to Senior Vice President. Ian has done an excellent job leading our Engineered Materials, Interconnects and Packaging Division to sustained growth in sales and profitability, successfully combining organic growth, acquisitions and geographic expansion," commented Frank Hermance, AMETEK Chairman and Chief Executive Officer.
Prior to AMETEK, Mr. McGavisk spent more than 17 years with York International where he held a number of positions with increasing responsibility including Vice President and General Manager for the Building Efficiencies Group of York Refrigeration Systems. Previously, he held positions as Plant Manager of York's largest North American manufacturing facility, Director of Marketing for its European Engineered Systems Group, Global Product Manager, Marketing Manager, and Sales Engineer. He also had been an Operations Officer with U.S. Army Corp of Engineers and a Battalion Logistics Officer with the U.S. Army.
Mr. McGavisk holds a Bachelor's of Science degree in Engineering from the U.S. Military Academy at West Point and a Master's of Business Administration from Boston College.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.0 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, 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: William J. Burke (610) 889-5249
SOURCE AMETEK, Inc.