CIRCOR Appoints John A. (Andy) O’Donnell to Board of Directors
November 02 2011 - 3:01PM
Business Wire
CIRCOR International, Inc. (NYSE: CIR), a leading provider of
valves and other highly engineered products for the industrial,
aerospace and energy markets, today announced that it has appointed
John A. (Andy) O’Donnell, President, Western Hemisphere Operations
and a Vice President of Baker Hughes (NYSE: BHI), as a director,
effective immediately. With the addition of Mr. O’Donnell, CIRCOR’s
Board is comprised of seven directors, six of whom are
independent.
Mr. O’Donnell will serve as a Class III director, with a term
expiring at CIRCOR’s Annual Meeting of Stockholders in 2014. The
appointment of Mr. O’Donnell fills a Board vacancy following the
September 2011 passing of director C. William Zadel.
Bill Higgins, Chairman and Chief Executive Officer of CIRCOR,
said, "We are pleased to appoint Andy O’Donnell to the CIRCOR Board
and look forward to working closely with him. Andy is a
well-respected leader in the global energy industry with a proven
record of success during 35 years at Baker Hughes. His expertise
and counsel will be valuable to CIRCOR as we execute our strategy
of doubling CIRCOR’s revenues and improving margins during the next
three to five years."
Mr. O’Donnell has served as Baker Hughes’ President, Western
Hemisphere Operations since May 2009 and has been a Vice President
of Baker Hughes since 1998. From April to September 2010, he served
as President of BJ Services, following its acquisition by Baker
Hughes. Mr. O’Donnell has held multiple leadership positions within
Baker Hughes, including President of Baker Petrolite, President of
Baker Hughes Drilling Fluids, and as Vice President responsible for
the process segment, which was divested in early 2004. Mr.
O’Donnell has also managed Project Renaissance, an enterprise-wide
cost savings effort completed in 2001, and also served as Vice
President, Manufacturing for Baker Oil Tools. He joined Hughes Tool
Company in 1975. Mr. O'Donnell served as a pilot in the U.S. Marine
Corps, and holds a B.S. degree from the University of
California.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Reliance should not be placed on forward-looking
statements because they involve unknown risks, uncertainties and
other factors, which are, in some cases, beyond the control of
CIRCOR. Any statements in this press release that are not
statements of historical fact are forward-looking statements,
including, but not limited to, those relating to the Company's
long-term strategic objectives and Mr. O'Donnell's contributions to
the board of directors. Actual events, performance or results could
differ materially from the anticipated events, performance or
results expressed or implied by such forward-looking statements.
BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE
STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED "RISK FACTORS" IN
OUR MOST RECENT ANNUAL REPORT ON FORM 10-K AND SUBSEQUENT REPORTS
ON FORMS 10-Q, WHICH CAN BE ACCESSED UNDER THE "INVESTORS" LINK OF
OUR WEBSITE AT WWW.CIRCOR.COM. We undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
About CIRCOR International, Inc.
CIRCOR International, Inc. designs, manufactures and markets
valves and other highly engineered products for the industrial,
aerospace and energy markets. With more than 7,000 customers in
over 100 countries, CIRCOR has a diversified product portfolio with
recognized, market-leading brands. CIRCOR’s culture, built on the
CIRCOR Business System, is defined by the Company’s commitment to
attracting, developing and retaining the best talent and pursuing
continuous improvement in all aspects of its business and
operations. The Company’s strategy includes growing organically by
investing in new, differentiated products; adding value to
component products; and increasing the development of
mission-critical subsystems and solutions. CIRCOR also plans to
leverage its strong balance sheet to acquire strategically
complementary businesses. For more information, visit the Company’s
investor relations web site at http://investors.circor.com.
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