John H. Batten Elected Chief Executive Officer; Michael E. Batten Named
RACINE, Wis. -- June 25, 2013
Twin Disc, Inc. (NASDAQ: TWIN), today announced that the Board of Directors of
Twin Disc, Incorporated has elected John H. Batten, 47, to the position of
President – Chief Executive Officer of the Company effective November 1, 2013.
Michael E. Batten, 73, will retire from the employment of the Company
effective December 31, 2013 and continue to serve as non-executive Chairman of
the Board of Directors.
Speaking on behalf of the Board, Michael E. Batten, Chairman – CEO, stated,
“The succession plan that has been in effect for several years has developed a
strong, experienced and stable leadership team that will take the Company to
new levels of achievement in the years ahead. The Board and I are confident
that John and his team will continue to expand global revenues aggressively
and to enhance shareholder value through the implementation of their solid
strategic plan focusing on innovation, product/market differentiation and
John H. Batten joined Twin Disc in 1996 as an application engineer and in 1998
was named Commercial Manager – Marine Propulsion. He was elected Vice
President – General Manager Marine & Propulsion in 2001 and a Director of Twin
Disc in 2002. He became Executive Vice President – European Manufacturing &
Marine and Propulsion Marketing in 2004. In 2008 he was promoted to the
position of President – Chief Operating Officer.
John Batten earned a BA degree in History from Yale University in 1988, a BS
degree in Mechanical Engineering from the University of Colorado – Boulder in
1996 and completed the Harvard Business School Advanced Management Program in
Michael E. Batten joined Twin Disc in 1970 and held the positions of
Subsidiary Controller and Vice President – Secretary until he was named
Executive Vice President 1976. He was elected President - CEO in 1983 during
the depths of the OPEC recession at which time he oversaw a significant
restructuring of the Company. Since then he has led a strategic redirection of
Twin Disc, through internal product development and acquisitions, away from
reliance primarily on the construction equipment industry to a more
diversified and balanced mix of business in the marine, oil and gas and
industrial markets. Today the Company holds a #1 or #2 position in each of its
served markets and consistently generates over half of its sales outside the
United States. During his tenure, Mr. Batten has focused on developing a
strong successor management team that is committed to creating long-term
About Twin Disc, Inc.
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty
off-highway power transmission equipment. Products offered include: marine
transmissions, surface drives, propellers and boat management systems, as well
as power-shift transmissions, hydraulic torque converters, power take-offs,
industrial clutches and control systems. The Company sells its products to
customers primarily in the pleasure craft, commercial and military marine
markets, as well as in the energy and natural resources, government and
industrial markets. The Company’s worldwide sales to both domestic and foreign
customers are transacted through a direct sales force and a distributor
Twin Disc, Inc.
Christopher J. Eperjesy, 262-638-4343
Press spacebar to pause and continue. Press esc to stop.