MILWAUKEE--(BUSINESS WIRE)--Oct. 26, 2017--
Actuant Corporation (NYSE:ATU) today announced that as part of a planned
transition, Ted Wozniak, Executive Vice President, Corporate Development
will be retiring as of the end of the calendar year.
Randy Baker, President and Chief Executive Officer of Actuant, stated
“M&A and portfolio management are key strategic aspects to achieving our
2021 vision. The changes to our corporate development function represent
another step in the streamlining and simplification of functional
leadership at Actuant, while strengthening the execution and success of
our inorganic growth strategies. I want to thank Ted for his many
contributions during more than ten years of service to Actuant and wish
Going forward, the Company’s development activities will be
collaboratively managed across the segment and corporate organizations.
Among other items, this encompasses merger & acquisition and business
development activities including strategy and inorganic growth
initiatives, pipeline development, strategic evaluation, deal structure,
valuation, due diligence and negotiation.
Actuant Corporation is a diversified industrial company serving
customers from operations in more than 30 countries. The Actuant
businesses are leaders in a broad array of niche markets including
branded hydraulic tools and solutions, specialized products and services
for energy markets and highly engineered position and motion control
systems. The Company was founded in 1910 and is headquartered in
Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol
ATU. For further information on Actuant and its businesses, visit the
Company's website at www.actuant.com.
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Source: Actuant Corporation
Communications & Investor