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SOURCE AMETEK, Inc.
BERWYN, Pa., May 9, 2014 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Vincent Misciagna as Vice President and General Manager, Maintenance, Repair and Overhaul (MRO), within AMETEK Aerospace & Defense.
"I am pleased that Vin has joined AMETEK Aerospace and Defense. He brings a wealth of aerospace management experience to his new position. We expect him to make important contributions to the continued growth and success of our aerospace MRO business," commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Mr. Misciagna joins AMETEK from AAR Corporation, a leading provider of products and services to the aerospace industry, where he most recently served as Vice President and General Manager of AAR Composites. Prior to that, he was Vice President and General Manager of AAR Cargo Systems. He also has held a number of general management and program management positions with United Technologies Corporation.
Mr. Misciagna has Bachelor's and Master's degrees in Mechanical Engineering from Rensselaer Polytechnic Institute and a Master's degree in Business Administration from Massachusetts Institute of Technology.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with 2013 sales of $3.6 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 500 Index.
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
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