JTORENCE
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Restructuring -this is just the start-imo
David J. Linton Resigns as President of Curtiss-Wright's Flow Control Segment
2:00p ET May 10, 2013 (GlobeNewswire)
Curtiss-Wright Corporation (NYSE:CW) announced today that David J. Linton has resigned as President of its Flow Control segment, effective May 6, 2013, in order to pursue other opportunities. By mutual agreement, he is stepping down as part of the reorganization of the operational management structure as announced in October 2012.
President and Chief Operating Officer David C. Adams will assume day-to-day management of Flow Control until a permanent replacement is named. As COO, Adams has responsibility for Flow Control as well as the Company's other two operating segments, Controls and Surface Technologies.
"We thank David Linton for his contributions to the Flow Control segment, which he joined as President in May 2004," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "We wish him the best in his new endeavors."
"It has been a privilege for me to work with many fine colleagues at Curtiss-Wright," said David Linton. "I am proud of the company's many accomplishments to date, and look forward to its continued success."
The Flow Control business segment of Curtiss-Wright Corporation designs and manufactures highly engineered valves, pumps, motors, generators, electronics, systems and related products for critical naval defense, power generation, oil and gas and general industrial applications.
About Curtiss-Wright Corporation
Penny Roger$
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Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services. It designs and manufactures engineered, advanced technologies in defense, power generation, oil and gas, commercial aerospace, and general industrial markets. It has three segments: Flow Control, which designs, manufactures, and distributes products, including valves, instrumentation, shipboard systems, and control electronics; Motion Control, which designs, develops, manufactures and maintains mechanical actuation and drive systems, sensors, motors, and electronic controller units and embedded computing components and control systems, and Metal Treatment. In January 2011, it acquired Predator Systems Incorporated. In April 2011, it acquired Douglas Equipment Ltd. In July 2011, it acquired ACRA Control, Limited. In October 2011, it acquired South Bend Controls. In December 2011, it acquired Anatec International, Inc. and Lambert, MacGill, Thomas, Inc.
http://www.google.com/finance?q=CW
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