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 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.
Gregory P. Rustowicz Vice President - Finance and Chief Financial Officer Columbus McKinnon Corporation 716-689-5442 Investor Relations: Deborah K. Pawlowski Kei Advisors LLC 716-843-3908
