Financial News

AMETEK Names Charles Lohwasser Vice President and General Manager

AMETEK, Inc. (NYSE:AME) today announced the appointment of Charles E. Lohwasser as Vice President and General Manager, Thermal Management Systems within AMETEK Aerospace & Defense.

“I am pleased to announce Charlie’s promotion to Vice President and General Manager. He has extensive experience and knowledge of our aerospace businesses and brings to his new position a strong operational background, excellent strategic skills and outstanding leadership capabilities. Charlie has been instrumental in the growth of our Aerospace and Defense business, and we expect him to play a key role in its continued success,” commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

Mr. Lohwasser has been part of AMETEK since 1998, when it acquired the Rotron business unit from EG&G, Inc. Mr. Lohwasser joined EG&G in 1979 and held increasingly responsible positions in Finance before being named Business Element Manager in 1996. Following AMETEK’s acquisition of Rotron in 1998, Mr. Lohwasser served as Division Vice President and Business Unit Manager. In 2005, he added responsibility for AMETEK’s Airtechnology business.

Mr. Lohwasser holds a Bachelor’s of Science Degree in Accounting from Providence College.

Corporate Profile

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of $2.5 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 MidCap 400 and the Russell 1000 Indices.

Forward-looking Information

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 our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our 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.

Contacts:

AMETEK, Inc.
William J. Burke, 610-889-5249

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback