Hardinge Appoints Three New Independent Members to Board of Directors
07 Julho 2016 - 5:15PM
Hardinge Inc. (NASDAQ:HDNG), a leading global designer and
manufacturer of advanced metal-cutting solutions and accessories,
announced the addition of Richard R. Burkhart, B. Christopher
DiSantis and James Silver to serve on its Board effective
today. With these appointments, the Company’s Board of
Directors now consists of nine members of which eight are
independent.
John J. Perrotti, Chairman of the Board of Directors, commented,
“We are fortunate to add this extensive knowledge and capability to
the Board. Our new directors bring experience in leading
industrial companies with strong track records for sales growth,
operational improvements and successfully creating shareholder
value. We look forward to their contributions that we believe
will greatly benefit Hardinge.”
Richard R. Burkhart is Principal of Stoutheart Corporation, a
private holding company that owns and operates various companies in
the metals, forging and other industries. Mr. Burkhart has
previously led or been a principal in a number of manufacturing
companies including New Century Metals and Wotan North America,
Stewart Bolling Company, Pratt & Whitney Engineering, Warner
& Swasey Grinding as well as Force Tool and Century
Simplimatic. He is currently a director of NMGG Ltd, a
private, diversified machine tool manufacturer. Mr. Burkhart
earned a BA in Economics from Denison University and an MBA from
the Harvard Business School.
B. Christopher DiSantis is the Chief Executive Officer of H-D
Advanced Manufacturing, a diversified motion control technology
enterprise providing highly engineered products to the Aerospace
and Industrial markets. Mr. DiSantis previously served as the
CEO of Latrobe Specialty Metals, a manufacturer of premium alloys,
until its successful merger with Carpenter Technology in
2012. He is also the former President of NYSE-traded Hawk
Corporation, a global designer and manufacturer of friction
technology solutions, which was acquired by Carlisle Companies in
2010. He holds an AB in Mathematics and Economics from
Dartmouth College.
James Silver has been a Senior Managing Director of Egret
Capital, a private equity firm, since 2006. Prior to joining
Egret, Mr. Silver was Managing Director at private equity firm
Charterhouse Group, focusing on industrial businesses including the
machine tool industry, and turnaround situations. Mr. Silver
has served on the Board of Directors of numerous public and private
companies, and is currently the Chairman of the Board of T2
Corporation, a private electronics and information technology
consulting business. Mr. Silver holds a BGS from the
University of Michigan and an MBA from New York University’s
Leonard N. Stern School of Business.
About Hardinge Hardinge is a leading global
designer and manufacturer of high precision, computer-controlled
machine tool solutions developed for critical, hard-to-machine
metal parts and of technologically advanced workholding
accessories. The Company’s strategy is to leverage its global
brand strength to further penetrate global market opportunities
where customers will benefit from the technologically-advanced,
high quality, reliable products Hardinge produces. With
approximately two-thirds of its sales outside of North America,
Hardinge serves the worldwide metal working market.
Hardinge’s machine tool and accessory solutions can also be found
in a broad base of industries to include aerospace, agricultural,
automotive, construction, consumer products, defense, energy,
medical, technology and transportation.
Hardinge applies its engineering design and manufacturing
expertise in high performance machining centers, high-end
cylindrical and jig grinding machines, SUPER-PRECISION® and
precision CNC lathes and technologically advanced workholding
accessories. Hardinge has manufacturing operations in China,
France, Germany, India, Switzerland, Taiwan, the United Kingdom and
the United States.
The Company regularly posts information on its website:
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.
For more information contact:
Company:
Douglas J. Malone
Chief Financial Officer
Phone: (607) 378-4140
Investor Relations:
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
Email: dpawlowski@keiadvisors.com
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