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SOURCE AMETEK, Inc.
BERWYN, Pa., March 1, 2013 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that the Board of Directors has elected Tom Marecic as Senior Vice President and General Manager, Electronic Instruments Group. Mr. Marecic has served as Vice President and General Manager, Process & Analytical Instruments Division since 2006.
"I am pleased to announce the promotion of Tom to Senior Vice President and General Manager, Electronic Instruments Group. Tom has done an excellent job leading our Process & Analytical Instruments Division to sustained growth in sales and profitability, successfully combining organic growth, acquisitions and geographic expansion. Tom has extensive knowledge of our Process businesses and brings to this expanded role within our Electronic Instruments Group a strong operational background and outstanding leadership capabilities," commented Frank Hermance, AMETEK Chairman and Chief Executive Officer.
Mr. Marecic joined AMETEK in 1994 as a product engineer in our Process & Analytical Instruments business. Tom was promoted to successively larger roles in management, most recently as Vice President & General Manager of our Process & Analytical Instruments Division. Prior to joining AMETEK, Mr. Marecic held engineering positions with Millipore / Extrel and Three Rivers Analytical.
Mr. Marecic holds a Bachelor of Science degree in Chemistry from Pennsylvania State University, a Master's of Science in Chemistry from Duquesne University and an Executive MBA from the University of Pittsburgh's Katz School of Business.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annual sales of $3.3 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.
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