BERWYN, Pa., Feb. 6, 2014 /PRNewswire/ -- AMETEK, Inc. (NYSE:AME) today announced that the Board of Directors has elected Gregory J. Nelson as Vice President and General Manager, Electronic Components and Packaging within AMETEK's Engineered Material, Interconnects and Packaging Division (EMIP). Mr. Nelson had previously served as Vice President and Business Unit Manager for the Precision and Engineered Materials business unit of AMETEK Specialty Metal Products.
"I am pleased to announce Greg's promotion and am confident he will make important contributions to the continued growth and success of our electronic components and packaging businesses, " comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. "His extensive experience in our microelectronics packaging and specialty metals businesses and excellent leadership skills makes him the ideal choice to lead this business."
Mr. Nelson had served in his previous position since 2006. Prior to that, he was Sales Manager for HCC Industries since 1998. He joined HCC Industries from GEC-Marconi Hazeltine/BAE Systems, where he was Materials Planning Manager. He also served as Manufacturing/Materials Manager for Balo Precision Parts and Production Control Manager for Northern Precision Laboratories. He holds a Bachelor of Science Degree in Business Administration from Ramapo College.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annual sales of $3.6 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500 Index.
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include AMETEK's ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact: Kevin Coleman (610)-889-5247
SOURCE AMETEK, Inc.