BERWYN, Pa., July 27, 2012 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Thomas M. Montgomery as Vice President – Planning & Analysis. He most recently has served as Director, Financial Planning & Analysis in AMETEK's Corporate Office.
"I am pleased to announce Tom's well deserved promotion to Vice President," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "Over the past 6 years Tom has done an outstanding job leading AMETEK's financial planning and analysis organization and driving continuous improvements to our internal financial reporting processes and capabilities. In addition, Tom has played a key role in the support of our financial due diligence and acquisition integration process."
Mr. Montgomery joined AMETEK in 1983 as a Co-Op student in our Tax Department and full-time in 1984 as a Tax Accountant. In 1986, he joined our Internal Audit Group as a Staff Auditor and in 1988 joined our PMT Division as a Cost Accountant. From 1990 to 1994, Mr. Montgomery served as the Manager of Internal Audit and in 1994 was named Assistant Controller of U.S. Gauge Division. In 1996, he was named Division Controller of Specialty Metal Products and in 2000 was promoted to Division Vice President and Controller at Specialty Metal Products. In 2002, Mr. Montgomery was promoted to Director, Operational Accounting, and in 2006 was named Director, Financial Planning & Analysis.
Mr. Montgomery holds a Bachelor's of Science degree in Accounting from the University of Delaware and is a Certified Public Accountant.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.3 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: Kevin Coleman (610) 889-5247
SOURCE AMETEK, Inc.