Allient Chief Financial Officer, Michael R. Leach, to Retire in 2024
20 Novembro 2023 - 6:15PM
Business Wire
Allient Inc. (formerly known as Allied Motion Technologies Inc.)
(Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and
manufacturer of precision and specialty Motion, Controls and Power
products and solutions for targeted industries and applications,
announced today that Michael R. Leach, Senior Vice President and
Chief Financial Officer, has informed the Company of his intent to
retire at the end of April 2024 after a nearly nine-year career
with the Company.
Dick Warzala, Chairman and CEO, commented “Mike has been
instrumental in helping build the financial structure necessary to
support our Company’s growth, including the completion of eleven
acquisitions over the last eight years. More importantly, the
outstanding global team he has developed has continued to
strengthen under his leadership and puts us in an excellent
position to support and execute our strategy to realize steadily
improving margins and $1 billion in revenue in the future.”
Mr. Warzala added, “We greatly appreciate Mike’s flexibility in
planning his retirement and providing us with adequate time to
complete a search and to transition his responsibilities. I truly
enjoyed our years together, not only as a valuable partner to me on
a professional level but on a personal level as well. On behalf of
the Board, our management team and our more than two thousand
global associates, we wish him all the best in his well-deserved
retirement.”
Mr. Leach said, “It has been a privilege serving as Allient’s
CFO. I am fortunate to have had the opportunity to work with an
incredible team, including our Board, leadership group, my direct
reports and all of our teams around the globe. Going forward,
Allient has a bright future with tremendous opportunities to
leverage the newly expanded strategy of Motion, Controls and Power
platforms. I look forward to supporting a smooth transition for my
successor and watching the Company grow and prosper in the
future.”
About Allient Inc.
Allient (Nasdaq: ALNT) is a global engineering and manufacturing
enterprise that develops solutions to drive the future of
market-moving industries, including medical, life sciences,
aerospace and defense, industrial automation, robotics,
semi-conductor, transportation, agriculture, construction and
facility infrastructure. A family of globally responsible
companies, Allient takes a One-Team approach to “Connect What
Matters” and provides the most robust, reliable, and high-value
products and systems by utilizing its core Motion, Controls, and
Power technologies and platforms.
Headquartered in Buffalo, N.Y., Allient employs more than 2,250
team members around the world. To learn more, visit
www.allient.com.
Safe Harbor Statement
The statements in this news release that relate to future plans,
events or performance are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance, or achievements. Examples of forward-looking
statements include, among others, statements the Company makes
regarding expected operating results, anticipated levels of capital
expenditures, the Company’s belief that it has sufficient liquidity
to fund its business operations, and expectations with respect to
the conversion of backlog to sales. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on the Company’s current beliefs,
expectations and assumptions regarding the future of the Company’s
business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of the
Company’s control. The Company’s actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, general economic and business conditions,
conditions affecting the industries served by the Company and its
subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and
services, the overall market acceptance of such products and
services, the pace of bookings relative to shipments, the ability
to expand into new markets and geographic regions, the success in
acquiring new business, the impact of changes in income tax rates
or policies, the severity, magnitude and duration of the COVID-19
pandemic, including impacts of the pandemic and of businesses’ and
governments’ responses to the pandemic on our operations and
personnel, and on commercial activity and demand across our and our
customers’ businesses, and on global supply chains; our inability
to predict the extent to which the COVID-19 pandemic and related
impacts will continue to adversely impact our business operations,
financial performance, results of operations, financial position,
the prices of our securities and the achievement of our strategic
objectives, the ability to attract and retain qualified personnel,
the ability to successfully integrate an acquired business into our
business model without substantial costs, delays, or problems, and
other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which it is made. New risks
and uncertainties arise over time, and it is not possible for us to
predict the occurrence of those matters or the manner in which they
may affect us. The Company has no obligation or intent to release
publicly any revisions to any forward looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231120883372/en/
Investor: Deborah K. Pawlowski / Craig P. Mychajluk Kei
Advisors LLC 716-843-3908 / 716-843-3832 dpawlowski@keiadvisors.com
/ cmychajluk@keiadvisors.com
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