CIRCOR Announces Planned Retirement of Chief Financial Officer Frederic M. Burditt
August 01 2013 - 8:00AM
Business Wire
CIRCOR International, Inc. (CIR), a leading provider of valves
and other highly engineered products for the energy, aerospace and
industrial markets, today announced that Frederic M. Burditt, Vice
President and Chief Financial Officer, will be retiring from the
Company. Mr. Burditt, 62, will continue in his role until his
successor is named and intends to work closely with CIRCOR
management to ensure a smooth and successful transition of his
responsibilities.
The CIRCOR Board has initiated a search process and has retained
a leading executive search firm to identify a new CFO.
“On behalf of the Board of Directors and everyone at CIRCOR, I
want to thank Fred for his leadership and significant contributions
to our growth and success,” said Scott Buckhout, CIRCOR’s President
and Chief Executive Officer. “Fred has been an invaluable member of
the CIRCOR team over the last five and a half years and has
developed a strong finance organization. In particular, he was
instrumental in resolving the Leslie asbestos liability issues,
expanding our visibility with the investment community,
strengthening our banking relationships and initiating the
restructuring actions. We look forward to an orderly and seamless
transition of responsibilities to his successor and wish him all
the best."
“I am proud to have been part of the CIRCOR team, working
alongside many talented professionals,” said Mr. Burditt. “I look
forward to the prospect of enjoying my retirement, and I am
confident it is the right time to transition CIRCOR’s financial
leadership function and do it seamlessly.”
About CIRCOR International, Inc.CIRCOR International,
Inc. designs, manufactures and markets valves and other highly
engineered products for the energy, aerospace and industrial
markets. With more than 7,500 customers in over 100 countries,
CIRCOR has a diversified product portfolio with recognized,
market-leading brands. CIRCOR’s culture, built on the CIRCOR
Business System, is defined by the Company’s commitment to
attracting, developing and retaining the best talent and pursuing
continuous improvement in all aspects of its business and
operations. The Company’s strategy includes growing organically by
investing in new, differentiated products; adding value to
component products; and increasing the development of
mission-critical subsystems and solutions. CIRCOR also plans to
leverage its strong balance sheet to acquire strategically
complementary businesses. For more information, visit the Company’s
investor relations web site at http://investors.circor.com.
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