Attached files
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8-K - Colfax CORP | v181373_8k.htm |
EX-10.1 - Colfax CORP | v181373_ex10-1.htm |
EXHIBIT 99.1
Colfax
Corporation
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8730
Stony Point Parkway
Suite
150
Richmond,
VA 23235
USA
Tel: (804)
560-4070
Fax: (804)
560-4076
www.colfaxcorp.com
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FOR
IMMEDIATE RELEASE
CONTACT:
Mitzi
Reynolds
(804)
327-5689
mitzi.reynolds@colfaxcorp.com
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COLFAX
NAMES ARNE FORSLUND SENIOR VICE PRESIDENT OF EUROPE, MIDDLE EAST, AFRICA AND
ASIA
Richmond, VA, April 13, 2010 –
Colfax Corporation (NYSE: CFX), a global leader in fluid-handling
solutions for critical applications, today announced that Arne Forslund has been
promoted to the newly-created position of Senior Vice President – Europe, Middle
East, Africa and Asia effective immediately. He will also be
responsible for the Company’s global commercial marine
strategy. Forslund was most recently Managing Director of Colfax
subsidiary Imo AB in Sweden. Michael Matros, Senior Vice President
and General Manager – Allweiler, has resigned and is expected to remain as an
advisor to the Company.
Clay H.
Kiefaber, President and CEO of Colfax said, “Arne has extensive experience in
leading global businesses and implementing lean manufacturing
processes. I’m confident he will be very instrumental in further
driving the Colfax Business System throughout the Company to help us achieve our
long-term goals.”
Forslund
joined Colfax in 2009 and was previously President and CEO of NOTE AB, a
publicly traded provider of electronics manufacturing services based in Sweden
with operations in Europe and China. Prior to joining NOTE in 2005,
he was Operations Director Europe for Teleflex Morse. From 2000 to
2003, Forslund served in several increasingly senior positions for Danaher
Corporation including Global Manufacturing Strategy Manager for Danaher Motion
and President of Danaher Motion Special Purpose Systems in Sweden.
About
Colfax Corporation
Colfax
Corporation is a global leader in critical fluid-handling products and
technologies. Through its global operating subsidiaries, Colfax manufactures
positive displacement industrial pumps and valves used in oil & gas, power
generation, commercial marine, defense and general industrial markets. Colfax’s
operating subsidiaries supply products under the well-known brands Allweiler,
Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and
Zenith. Colfax is traded on the NYSE under the ticker “CFX.” Additional
information about Colfax is available at www.colfaxcorp.com.
Cautionary
Note Concerning Forward-Looking Statements
This
press release may contain forward-looking statements, including forward-looking
statements within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Such forward-looking statements include, but are not limited to,
statements concerning Colfax’s plans, objectives, expectations and intentions
and other statements that are not historical or current facts. Forward-looking
statements are based on Colfax’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially from those
expressed or implied in such forward-looking statements. Factors that could
cause Colfax’s results to differ materially from current expectations include,
but are not limited to factors detailed in Colfax’s reports filed with the U.S.
Securities and Exchange Commission as well as its Annual Report on Form 10-K
under the caption “Risk Factors”. In addition, these statements are based on a
number of assumptions that are subject to change. This press release
speaks only as of this date. Colfax disclaims any duty to update the information
herein.
The term
“Colfax” in reference to the activities described in this press release may mean
one or more of Colfax's global operating subsidiaries and/or their internal
business divisions and does not necessarily indicate activities engaged in by
Colfax Corporation.