TB Woods (NASDAQ:TBWC)
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TB Wood's Announces the Appointment of William T. Fejes as
President and Chief Executive Officer
CHAMBERSBURG, Pa., April 27 /PRNewswire-FirstCall/ -- TB Wood's Corporation ,
a leading designer, manufacturer and marketer of electronic and mechanical
power transmission products, announced today that effective May 3, 2004,
William T. Fejes, Jr., 48, will become the company's President and Chief
Executive Officer. Mr. Fejes will be replacing Michael L. Hurt, who retired
from the company last fall. Mr. Fejes holds BS and MS degrees in Electrical
Engineering from the Massachusetts Institute of Technology, and he has
extensive senior management experience in the industrial power transmission and
automation industries, most recently with the Danaher Corporation.
The company also announced that effective April 27 James R. Swenson will become
Chairman of the Board of the company replacing Frank D. Osborn, who has served
as Interim Chairman since Thomas C. Foley took a leave of absence to serve as
the Director of Private Sector Development for the Coalition Provisional
Authority (CPA) in Iraq. Mr. Foley has recently completed his service in Iraq
and has resumed his role as a director of the company.
TB Wood's (http://www.tbwoods.com/) is an established designer, manufacturer
and marketer of electronic and mechanical industrial power transmission
products, which are sold to North American and international manufacturers and
users of industrial equipment. Headquartered in Chambersburg, Pennsylvania, the
Company operates production facilities in the United States, Mexico, Germany,
Italy and India.
This press release contains statements that are forward-looking within the
meaning of applicable securities laws. These statements include or imply
projections of future performance that are based upon the Company's
expectations and assumptions. These expectations and assumptions, as well as
the Company's future performance are subject to a number of risks and
uncertainties. Factors that could cause actual results to differ from projected
results are discussed in various of the Company's documents filed with the SEC.
CONTACT: Joseph C. Horvath, Chief Financial Officer, 717-264-7161 Extension
4465.
DATASOURCE: TB Wood's Corporation
CONTACT: Joseph C. Horvath, Chief Financial Officer, TB Wood's
Corporation, +1-717-264-7161 Extension 4465
Web site: http://www.tbwoods.com/