Hardinge Inc. Appoints Douglas J. Malone as Vice President & Chief Financial Officer and Edward J. Gaio as Vice President, Bu...
12 Dezembro 2013 - 12:15PM
Hardinge Inc. (Nasdaq:HDNG), a leading international provider of
advanced metal-cutting solutions, announced that its Board of
Directors at its meeting on December 10, 2013, appointed Douglas J.
Malone as Vice President & Chief Financial Officer and Edward
J. Gaio as Vice President, Business Development. Mr. Malone and Mr.
Gaio will both report to Richard L. Simons, Chairman, President
& Chief Executive Officer. The appointments are effective
immediately.
Mr Simons commented, "I look forward to Doug's participation in
the senior leadership team at Hardinge. I believe that his depth of
knowledge in accounting and finance, as well as his international
experience with our operations, when combined with his energy and
leadership skills will serve us well in his new position.
Importantly, given the size and international scope of our
recent acquisitions as well as our plans for continued growth, both
organically and through acquisitions, we found a need to have
someone dedicated to acquisition integration as well as
identification and analysis of strategic opportunities. Ed's
operational and financial background, his knowledge of our company,
and his proven ability to manage acquisitions from start to finish
qualifies him as the right person for this role," Mr. Simons
concluded.
Mr. Malone joined Hardinge in 2008 as Corporate Controller.
Prior to joining Hardinge, he served as Senior Vice President
Financial Planning and Analysis for Financial Institutions' Five
Star Bank from 2005 to 2008 and previous to that as Senior Vice
President Finance and Operations for a former subsidiary bank of
the company. Mr. Malone, a Certified Public Accountant, began his
career with KPMG, LLP after earning his degree in accounting from
St. John Fisher College.
Mr. Gaio joined Hardinge in 2006 as Corporate Controller and
became Vice President & CFO in 2008. Previously, he served as
Vice President, Finance of Agilysys, Inc. He earned a B.S. in
accounting from the University of Steubenville and an M.B.A. from
Cleveland State 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 75% 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, Switzerland, Taiwan, the United Kingdom and the
United States.
The Company regularly posts information on its website:
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.
CONTACT: Investor Relations:
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
Email: dpawlowski@keiadvisors.com
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