BURBANK, Calif., July 14, 2015 /PRNewswire/ -- The board of directors of Hydra-Electric Company, a trusted provider of breakthrough sensing technology for the aerospace industry, acknowledged the accomplishments of Lewis Stanton, who successfully completed his engagement as interim chief executive officer on July 6. David E. Schmidt became the new permanent CEO as separately announced.
In March 2014, the board appointed Lewis Stanton to lead the Company as interim CEO. "The Board recognizes the many accomplishments that Lewis Stanton and Stanton Associates LLC have delivered during Lewis's tenure as interim CEO," said Greg Chiampou, board member. "In approximately 15 months, Lewis has improved the financial performance of Hydra-Electric, guided the Company to win new business, introduced a performance management system, strengthened the management team, and emphasized a culture that's business and customer centric. Lewis also oversaw the implementation of an integrated marketing plan, raising Hydra-Electric's awareness in the marketplace."
"It was my privilege to serve Hydra-Electric, which has such a longstanding reputation as a pioneer and innovator in the aerospace industry," said Stanton. "Working alongside a talented management team, and with the strong support of the board, a lot was achieved in a short period."
Lewis Stanton will resume his role as Managing Partner of Stanton Associates LLC, a management consulting firm that applies deep functional expertise in sales, marketing and finance to drive profitable growth for mid-sized companies. Prior to forming Stanton Associates, he was a several-time CEO, as well as a former COO/CFO of a public company.
Hydra-Electric is a trusted provider of reliable technology in sensors and switches in the aerospace industry. Its proven solutions include: pressure, temperature and multi-function sensors; and pressure, temperature and liquid flow switches. Hydra's high performance sensing technologies are able to address problems which were previously thought to be unsolvable, including: pressure-spike damage, pump ripple, high-speed impulses, burst diaphragms, and broken wire bonds to name a few.
The Company has been an innovator in the aerospace industry since 1948 when it introduced the Negative Rate Disc Spring design that remains the global standard today for aerospace pressure switches. Hydra-Electric's products are found in demanding military and commercial applications, including fixed and rotary wing aircraft, missiles, space launch platforms, ships and submarines, armored vehicles and UCAVs.
SOURCE Hydra-Electric Company