Hardinge Announces Changes to Board of Directors
07 Dezembro 2011 - 7:15PM
Business Wire
Hardinge Inc. (NASDAQ: HDNG), a leading international provider
of advanced metal-cutting solutions, today announced that its Board
of Directors has elected Richard L. Simons, President and Chief
Executive Officer of Hardinge, to the additional position of
Chairman of the Board effective February 14, 2012.
Mr. Simons will succeed Kyle H. Seymour, who announced that he
will be resigning as Chairman and as a director, effective February
14, 2012, in order to devote his full time to other commitments.
Mr. Seymour has served as a director since 2004 and was appointed
Chairman of the Board in 2008.
“The leadership and insight that Kyle has provided during his
tenure with our Board has been instrumental in the successful
execution of our strategy to expand our global presence, improve
our financial position and strengthen our earnings power,” noted
Mr. Simons. “We understand his desire to now dedicate his time to
other interests, and we are grateful for his service.”
Mr. Seymour noted, “It has been a privilege to serve as Chairman
of the Board of Hardinge over these years of challenge, change and
expansion. Though I am departing during a time of exciting growth,
competing workloads and responsibilities have made it difficult to
dedicate the time and effort this role rightly deserves. I am
confident that Rick’s industry experience, in depth operating
knowledge and strong communication skills will continue to serve
the Board and the Company well in his expanded role.”
In conjunction with Mr. Simons’ appointment to Chairman, the
Board has appointed Daniel J. Burke as its Lead Independent
Director. Mr. Burke, who has served on Hardinge’s Board of
Directors since 1998, was previously Lead Director from 2005
through 2008. He currently is Chairman of its Compensation
Committee and serves on its Nominating and Governance Committee and
its Audit Committee.
About Hardinge
Hardinge is a global designer, manufacturer and distributor of
machine tools, specializing in SUPER-PRECISION® and precision CNC
Lathes, high performance Machining Centers, high-end cylindrical
and jig Grinding Machines, and technologically advanced Workholding
& Rotary Products. The Company’s products are distributed to
most of the industrialized markets around the world with
approximately 75% of its sales outside of North America. Hardinge
has a very diverse international customer base and serves a wide
variety of end-user markets. This customer base includes
metalworking manufacturers which make parts for a variety of
industries, as well as a wide range of end users in the aerospace,
agricultural, transportation, basic consumer goods, communications
and electronics, construction, defense, energy, pharmaceutical and
medical equipment, and recreation industries, among others. The
Company has manufacturing operations in Switzerland, Taiwan, the
United States, China and the United Kingdom. Hardinge’s common
stock trades on the NASDAQ Global Select Market under the symbol,
“HDNG.”
For more information, please visit http://www.hardinge.com.
Safe Harbor Statement
This news 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). Such statements are based on management's current
expectations that involve risks and uncertainties. Any statements
that are not statements of historical fact or that are about future
events may be deemed to be forward-looking statements. For example,
words such as "may," "will," "should," "estimates," "predicts,"
"potential," "continue," "strategy," "believes," "anticipates,"
"plans," "expects," "intends," and similar expressions are intended
to identify forward-looking statements. The Company's actual
results or outcomes and the timing of certain events may differ
significantly from those discussed in any forward-looking
statements. The Company undertakes no obligation to publicly update
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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