Charles P. Dougherty Named President and CEO of Hardinge Inc.
11 Maio 2017 - 8:32AM
Business Wire
Hardinge Inc. (NASDAQ:HDNG), a leading international provider of
advanced metal-cutting solutions and accessories, announced that
the Board of Directors has appointed Charles P. Dougherty as
President and Chief Executive Officer effective immediately. He
succeeds Richard L. Simons, who will be leaving the Company after
30 years of distinguished service with Hardinge. Mr. Dougherty will
also be appointed to the Board of Directors and Mr. Simons will
step down from his position as a director.
Mitchell I. Quain, Lead Independent Director, commented, “We are
grateful to Rick for his service and leadership over 30 years with
Hardinge, including the past nine as President and CEO. Under
Rick’s management, the strong brands of Hardinge in the machine
tool industry continue to garner great respect. His unwavering
commitment and strategic guidance has helped us through challenging
markets. We wish him well in his future endeavors.”
Mr. Quain continued, “Chuck brings many years of experience
leading global organizations. His capabilities are ideally suited
to drive internal returns for the Company and to position Hardinge
to pursue opportunities for growth. He has demonstrated success
enhancing the competitive positions of the businesses he has led,
as well as in driving financial performance. We expect he can
leverage his capabilities in product and market channel development
to lead the Company as we embark upon the next phase of our
evolution.”
“I am very excited about the opportunity to lead Hardinge,” said
Mr. Dougherty. “I believe that Hardinge has an incredible
reputation as a world-class builder of precision machine tools and
accessories with an international footprint. I look forward to
working with the Board to drive improved operating initiatives
throughout the Company while continuing to innovate and supply our
customers with proven solutions.”
Charles (Chuck) P. Dougherty, 55, was most recently president
and CEO of American Science & Engineering, a public supplier of
x-ray inspection systems for security and defense systems, which
was acquired by OSI Systems in September 2016. Previously, Mr.
Dougherty was with Tyco Electronics Corporation, leading
multi-billion dollar businesses which he improved to leading
positions in their markets, expanded margins through lean
manufacturing processes and rationalized operations while
optimizing the R&D programs. He began his career at General
Instrument, which was acquired by Motorola in 2000. He progressed
through increasingly challenging leadership positions and
ultimately led Motorola’s Voice and Data Solutions, a premier
provider of end-to-end IP networking businesses.
Mr. Dougherty received a Bachelor's of Business Administration
from the Wharton School of Business at the University of
Pennsylvania and a Master's of Business Administration
from Villanova University.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170511005353/en/
For more information:Hardinge Inc.Douglas J. Malone,
607-378-4140Chief Financial OfficerorInvestor Relations:Kei
Advisors LLCDeborah K. Pawlowski,
716-843-3908dpawlowski@keiadvisors.com
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