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SOURCE AMETEK, Inc.
BERWYN, Pa., Oct. 25, 2013 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of James O. Davis as Vice President and General Manager of AMETEK's Process & Analytical Instruments (P&AI) Division.
"I am pleased that Jim has joined AMETEK. He has extensive general management experience, especially in process control and measurement instrumentation, and we expect him to play a key role in the continued success of our process and analytical instruments businesses," commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Mr. Davis joins AMETEK from Teledyne Technologies, where he most recently served as Senior Vice President and General Manager of Teledyne's Instruments Group. He previously had been Vice President and General Manager of its Instruments Group and General Manager of Teledyne Interconnect Devices. Prior to Teledyne, he served in senior management positions with Texas Instruments, Becton Dickinson and the Ceramatec division of Elkem and Bourns.
Mr. Davis holds a Bachelor's of Science degree in Chemical Engineering from Texas A&M University and a Master's in Business Administration degree from the University of Texas.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.6 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 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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