Actuant Announces Executive Appointments
Actuant Corporation (NYSE:ATU) today announced several corporate executive appointments.
Karen Bauer has joined Actuant as Director, Investor Relations. In this newly created position, Bauer is responsible for leading all investor relations and communication activities for the company. "Karen's strong financial and business background including 14 years of progressive finance, strategy and M&A experience at Johnson Controls, Inc., will be a valuable asset to the investor community and executive management of Actuant," stated Andrew Lampereur, Actuant's Executive Vice President and Chief Financial Officer.
Actuant also announced the appointment of Chadwick (Chad) DeLuka as Actuant's Corporate Controller and Principal Accounting Officer. DeLuka replaces Timothy Teske who has been promoted to a finance leadership role in the company's Electrical segment. Chad joined Actuant in fiscal 2006 as Assistant Corporate Controller following over a decade in public accounting. Lampereur commented, "Tim has made significant contributions to the company by strengthening both our global financial reporting and the quality of our finance organization since assuming the Corporate Controller role in 2001. Both Tim and Chad's promotions reflect Actuant's philosophy of developing high potential employees through a variety of leadership experiences."
Both Bauer and DeLuka report to Lampereur and are located at Actuant's corporate headquarters in Butler, Wisconsin.
Actuant, headquartered in Butler, Wisconsin, is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Since its creation through a spin-off in 2000, Actuant has grown its sales from $482 million to over $1.3 billion and its market capitalization from $113 million to over $1.3 billion. The Company employs a workforce of more than 6,700 worldwide. Actuant Corporation trades on the NYSE under the symbol ATU. For further information on Actuant and its business units, visit the Company's website at www.actuant.com.
Source: Actuant Corporation
Released May 4, 2007