Columbus McKinnon Creates New Global Services Position and Expands Leadership
New Assignments Support Global Growth Initiatives
AMHERST, N.Y., April 1, 2014 (GLOBE NEWSWIRE) -- Columbus McKinnon Corporation
(Nasdaq:CMCO), a leading designer, manufacturer and marketer of material
handling products, announced a newly created Global Services Group and the
expansion of roles for certain global leaders. Gene Buer will now serve as
Vice President, Global Services and Vertical Markets, while Kurt Wozniak will
assume the role of Vice President, Americas. In addition, Benjamin AuYeung has
been appointed Managing Director for Columbus McKinnon Asia-Pacific replacing
Eric Woon. Mr. Woon, who served as Vice President – Asia-Pacific the past four
years, planned his retirement for March 2014.
Timothy T. Tevens, President and Chief Executive Officer, commented, "The
development of our leadership team is an important component of our growth
strategy. Gene's new role as the leader of the newly formed Global Services
Group will focus on developing key customer relationships much more deeply.
Certain key customers are demanding a more holistic and global approach for
their lifting needs and can benefit from more cohesive offerings of our
products, services and solutions. Also, this position will focus additional
attention on our vertical market strategy. In addition, Kurt and Ben will
expand their roles in these important regions of the world, the Americas and
Asia. Both are critically important for the future of our Company."
Mr. Buer joined Columbus McKinnon in 2005 as President of the Company's Crane
Equipment and Service division and most recently served as Vice President
Hoist & Rigging Products –North America and Global Vertical Markets. Mr.
Wozniak joined the Company in 1999 and has held a variety of positions, most
recently as Vice President, Latin America. As Vice President, Americas, his
leadership responsibilities will expand to include the North America Hoist &
Rigging business in addition to the responsibilities previously held as Vice
President, Latin America.
Mr. AuYeung joined Columbus McKinnon in 2012 to manage the Company's China
Operations. As Managing Director for Columbus McKinnon Asia-Pacific, he will
assume Eric Woon's previous responsibilities for the Asia Pacific business.
Mr. Tevens added, "Eric was instrumental in the development of our
Asia-Pacific business including the expansion of our sales team in China. We
wish him all the best in his retirement and look forward to this management
team developing and expanding our global business."
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, cranes, actuators 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 website at
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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