Robert D. Starr Named CFO at Kaman; William C. Denninger to Retire
BLOOMFIELD, Conn. -- April 18, 2013
Kaman Corp. (NYSE: KAMN) today announced that Robert D. Starr, 45, has been
appointed to the position of Senior Vice President and Chief Financial Officer
(CFO) effective as of July 1, 2013, upon the retirement of William C.
Denninger, Executive Vice President and CFO, on June 30, 2013. Starr will
report to Neal J. Keating, Chairman, President and Chief Executive Officer of
Starr, who joined the Company in 2009, currently serves as Vice President and
Treasurer. His responsibilities in that position have included management and
oversight of the Company’s treasury department, banking relationships, capital
market transactions and investment management of the assets of the Company’s
tax-qualified retirement plans.
“Rob’s experience, drive, intellect and passion for our company make him the
right choice to serve as Kaman’s next CFO. In his time with the Company, he
has effectively led us through a number of capital market transactions and
transformed the administration and investment policy of our pension plan. He
integrated quickly into Kaman’s management team, has developed a thorough
knowledge of each of our businesses, and is ready to take on this new
opportunity,” stated Neal Keating.
“I also would like to congratulate Bill on his well-earned retirement. His
leadership and counsel over these last five years have been invaluable to me
as CEO. Bill developed a strong team of finance executives which allowed us to
thoughtfully and carefully consider highly-qualified internal candidates for
the CFO role as part of our succession planning process. Bill has been part of
a leadership group that has completed eleven acquisitions and a number of
capital market transactions that have kept the Company well-capitalized to
finance our growth objectives. He has had a long and distinguished career as a
finance executive, and I wish him well in his retirement,” Keating added.
Starr commented, “I am pleased to have the opportunity to lead Kaman’s finance
organization. This is a great company with outstanding growth opportunities,
and Bill has built a solid team as we continue to pursue our goals of
accelerated growth and improved profitability.”
Prior to joining Kaman, Starr was employed by Crane Co. (NYSE: CR) of
Stamford, Connecticut, a $2.6 billion diversified manufacturer of highly
engineered industrial products, where he served as Assistant Treasurer. He
also previously served as Managing Director, Corporate Finance at Aetna, Inc.
of Hartford, Connecticut and as Director, Capital Markets and Risk Management
at Fisher Scientific International, Inc. of Hampton, New Hampshire. Starr also
was an associate at both Salomon Smith Barney in New York and Chase
Securities, Inc. in New York and Singapore. He began his career as an auditor
with Laventhol & Horwath in New York. Starr received a Master of Business
Administration degree in finance and marketing from the University of Chicago
Graduate School of Business in 1997, and he holds a bachelor’s degree in
accounting from the University of Michigan, which he received in 1989. He is
also a Certified Public Accountant.
Rob, his wife Ming and their three children live in Avon, Connecticut.
About Kaman Corporation
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and
headquartered in Bloomfield, Connecticut conducts business in the aerospace
and industrial distribution markets. The company produces and/or markets
widely used proprietary aircraft bearings and components; complex metallic and
composite aerostructures for commercial, military and general aviation fixed
and rotary wing aircraft; aerostructure engineering design analysis and FAA
certification services; safe and arm solutions for missile and bomb systems
for the U.S. and allied militaries; subcontract helicopter work; and support
for the company's SH-2G Super Seasprite maritime helicopters and K-MAX
medium-to-heavy lift helicopters. The company is a leading distributor of
industrial parts, and operates more than 200 customer service centers and five
distribution centers across North America. Kaman offers more than four million
items including bearings, mechanical power transmission, electrical, material
handling, motion control, fluid power, automation and MRO supplies to
customers in virtually every industry. Additionally, Kaman provides
engineering, design and support for automation, electrical, linear, hydraulic
and pneumatic systems as well as belting and rubber fabrication, customized
mechanical services, hose assemblies, repair, fluid analysis and motor
management. More information is available atwww.kaman.com.
Eric Remington, 860-243-6334
VP, Investor Relations
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