BERWYN, Pa., May 9, 2013 /PRNewswire/ -- AMETEK, Inc. (AME) today announced the appointment of Richard N. (Nick) Grant, Jr. as Vice President and General Manager of its Materials Analysis Division. He replaces Ron Oscher, who was previously named Senior Vice President and General Manager of AMETEK's Electronic Instruments Group.
Prior to joining AMETEK, Mr. Grant held several positions with Emerson Electric Corporation. Most recently, he had been Vice President and General Manager, Rosemount Temperature. Previously, he served in a number of increasingly responsible roles in strategic planning and general management within Emerson's Regulator Technologies and Fusite Divisions. Prior to Emerson Electric, Mr. Grant held engineering and sales roles with Mahr Corporation and Shepard Color Co.
"We are very pleased that Nick has joined AMETEK. He brings strong general management, strategic planning, operations and sales experience to his new position and is expected to make important contributions to the continued growth and success of our Materials Analysis businesses," notes Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.
Mr. Grant holds a Bachelor's of Science degree in Physics from Northern Kentucky University and a Master's of Business Administration degree from Xavier University.
AMETEK's Materials Analysis Division offers a wide range of analytical instrumentation for elemental analysis applications in the metals, nanotechnology, environmental, R&D, pharmaceutical, electronics, and forensic science markets, and is also a leader in high-speed digital imaging systems.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.5 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include AMETEK's ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.
Contact: Kevin C. Coleman (610) 889-5247