Columbus McKinnon Appoints R. Scott Trumbull to Board of Directors
AMHERST, N.Y., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Columbus McKinnon Corporation
(Nasdaq:CMCO), a leading designer, manufacturer and marketer of material
handling products, announced the appointment of R. Scott Trumbull to its Board
of Directors effective January 19, 2014. Mr. Trumbull is the Chairman and
Chief Executive Officer of Franklin Electric Company, Inc. (Nasdaq:FELE). He
joined the Board of Franklin Electric in 1998 and was elected Chief Executive
Officer of the company in December, 2002. Franklin Electric is a global leader
in the production and marketing of systems and components for the movement of
water and automotive fuels.
Ernest R. Verebelyi, Chairman of Columbus McKinnon's Board of Directors,
commented, "I am very pleased to welcome Scott and look forward to working
with him. He brings excellent experience, with firsthand industrial knowledge
and leadership that we expect will be an invaluable addition to our Board."
Prior to Franklin Electric, Mr. Trumbull began his career at Owens-Illinois in
1972, progressively advancing through various operational and leadership
positions ultimately to the role of Executive Vice President and Chief
Financial Officer. He currently serves on the Board of Directors of Health
Care REIT, Inc., which he joined in 1999.
With the addition of Mr. Trumbull, Columbus McKinnon's Board of Directors now
totals nine members, including eight independent directors.Mr. Trumbull will
serve on the Audit Committee and Compensation Committee.He will stand for
ratification at the Company's annual shareholder meeting in July 2014.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer
of material handling products, systems and services, which efficiently and
ergonomically move, lift, position and secure materials.Key products include
hoists, actuators, cranes and lifting and rigging tools.The Company is
focused on commercial and industrial applications that require the safety and
quality provided by its superior design and engineering
know-how.Comprehensive information on Columbus McKinnon is available on its
web site at http://www.cmworks.com.
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements concerning future revenue and earnings,
involve known and unknown risks, uncertainties and other factors that could
cause the actual results of the Company to differ materially from the results
expressed or implied by such statements, including general economic and
business conditions, conditions affecting the industries served by the Company
and its subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and services, the
overall market acceptance of such products and services, the effect of
operating leverage, the pace of bookings relative to shipments, the ability to
expand into new markets and geographic regions, the success in acquiring new
business, the speed at which shipments improve, and other factors disclosed in
the Company's periodic reports filed with the Securities and Exchange
Commission. The Company assumes no obligation to update the forward-looking
information contained in this release.
CONTACT: Gregory P. Rustowicz
Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
Deborah K. Pawlowski
Kei Advisors LLC
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