CHICAGO, Jan. 9, 2014 /PRNewswire/ -- JBT
Corporation (NYSE: JBT), a leading global technology solutions
provider to the food processing and air transportation industries,
today announced that Brian A. Deck
will join the Company as Vice President and Chief Financial Officer
effective February 3, 2014.
This appointment is a continuance of the Company's previously
announced management succession plan. Ron Mambu, the Company's current Vice President
and Chief Financial Officer, had earlier announced his intent to
retire and will remain with the Company through March to ensure a
smooth transition.
"We are thrilled to welcome Brian to the JBT executive team,"
said Tom Giacomini, President and
Chief Executive Officer of JBT. "Brian's twenty plus years of
comprehensive financial experience, including a strong strategic
planning and margin expansion toolkit, as well as significant
global hands-on M&A expertise, is exceptional," continued
Giacomini. "Brian is the ideal CFO for JBT. His skill
set and personality fit well with our focus on growing revenues and
increasing margins within a culture of high integrity."
Mr. Deck, 45, will join JBT upon departing as Chief Financial
Officer of National Material L.P., a private holding company with a
portfolio of diversified industrial firms with international
operations. During his nearly three years with National
Material, Brian was responsible for all financial functions,
M&A, and information technology related activities. He
successfully developed an M&A core competency, including
execution of two acquisitions, refinanced the company's debt, and
implemented a company-wide financial reporting platform.
Prior to National Material, Brian was Vice President of Finance
and Treasurer at Ryerson Inc., an approximately $4 billion in revenue metals distributor and
processor. As a key member of the executive staff at Ryerson,
he had responsibility for treasury, M&A, financial planning and
analysis, and international finance. He was also heavily
involved with investor relations. After the company's
privatization in 2007, Brian oversaw comprehensive restructuring
programs that resulted in significant operating margin
expansion. He also raised in excess of $1 billion in debt capital and led the efforts on
five successful acquisitions. Brian's considerable
international experience, gained through executing global
acquisitions and through serving on the Board of Directors of
Ryerson's joint ventures in China,
Mexico, and India, will be relevant to JBT's strategy of
accelerating participation in emerging, high-growth
economies.
Prior to his service with Ryerson, Brian had increasing
responsibilities with GE Capital, Bank One (now JPMorgan Chase
& Co.), and Cole Taylor
Bank. Brian holds an MBA with a concentration in
finance from DePaul University in
Chicago, and a Bachelor's degree
in economics from the University of
Illinois.
"I am excited to join JBT at this very important time, as the
Company is embarking upon its growth strategy," said Mr.
Deck. "I am enthusiastic to be both a key leader of this
transformation and to ensure the Company maintains the strong
financial footing necessary to enhance shareholder value."
JBT Corporation (NYSE: JBT) is a leading global technology
solutions provider to the food processing and air transportation
industries. JBT Corporation designs, manufactures, tests and
services technologically sophisticated systems and products for
regional and multi-national industrial food processing customers
through its JBT FoodTech segment and for domestic and international
air transportation customers through its JBT AeroTech segment. JBT
Corporation employs approximately 3,200 people worldwide and
operates sales, service, manufacturing and sourcing operations
located in over 25 countries. For more information, please
visit www.jbtcorporation.com or
www.jbtfoodtech.com.
This release contains forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are information of a non-historical
nature and are subject to risks and uncertainties that are beyond
the Company's ability to control. These risks and uncertainties are
described under the caption "Risk Factors" in the Company's Annual
Report on Form 10-K filed with the Securities and Exchange
Commission, which may be accessed on the Company's website. The
Company cautions shareholders and prospective investors that actual
results may differ materially from those indicated by the
forward-looking statements.
SOURCE JBT Corporation