Attached files
| file | filename |
|---|---|
| 8-K - MODINE MANUFACTURING COMPANY 8-K 10-30-2009 - MODINE MANUFACTURING CO | form8k.htm |
Exhibit 99.1
FOR
IMMEDIATE RELEASE
Contact: Susan Fisher 262-636-8434 s.h.fisher@na.modine.com
Modine
Announces Resignation
of
CFO and Director Bradley C. Richardson
RACINE, WI, November 2, 2009 –
Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal
management technology and solutions, today announced the resignation of its
Executive Vice President – Corporate Strategy and Chief Financial Officer and
Director Bradley C. Richardson, effective November 13,
2009. Richardson has accepted a position with a publicly held company
in an unrelated industry in his native Ohio. Following Richardson’s departure,
Robert R. Kampstra, Vice President and Corporate Controller, will assume the
responsibilities of the Chief Accounting Officer, reporting directly to Thomas
A. Burke, President and Chief Executive Officer, while the company initiates the
process for identifying Richardson’s successor.
“Brad
Richardson has been a valued member of our executive team since 2003 and has
played an important role in helping guide the strategic transformation of our
company,” said Thomas A. Burke, President and Chief Executive
Officer. “He leaves with our blessing in order to accept a similar
position and at the same time fulfill his desire to return to his native Ohio
where much of his family still resides. Brad leaves Modine at a time
when we are well positioned both strategically and financially to build on our
Four-Point Plan and continue our drive for long term, sustainable
growth. We thank Brad for his service and wish him and his family our
very best on this next chapter in their lives.”
About
Modine
Modine,
with fiscal 2009 revenues of $1.4 billion, specializes in thermal management
systems and components, bringing highly engineered heating and cooling
technology and solutions to diversified global markets. Modine products are used
in light, medium and heavy-duty vehicles, heating, ventilation and air
conditioning equipment, off-highway and industrial equipment, refrigeration
systems, and fuel cells. The company employs approximately 7,000 people at 32
facilities worldwide in 15 countries. For more information about
Modine, visit www.modine.com.
Forward-Looking
Statements
This
press release contains statements, including information about future financial
performance, accompanied by phrases such as “believes,” “estimates,” “expects,”
“plans,” “anticipates,” “intends,” and other similar “forward-looking”
statements, as defined in the Private Securities Litigation Reform Act of 1995.
Modine’s actual results, performance or achievements may differ materially from
those expressed or implied in these statements, because of certain risks and
uncertainties, including, but not limited to, those described under "Risk
Factors" in Item 1A of Part II of the company's Annual Report on Form 10-K for
the year ended March 31, 2009 and under Forward-Looking Statements in Item 2 of
Part I of that same report, as revised by Exhibit 99.1 to the Company’s Current
Report on Form 8-K dated September 15, 2009, and the company's Quarterly Report
on Form 10-Q for the quarter ended June 30, 2009. The company does not
assume any obligation to update any forward-looking statements.
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