LOS ANGELES--(BUSINESS WIRE)--Jan. 20, 2016--
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced that Douglas L. Groves, a member of the Company’s executive
leadership team, has been named vice president, chief financial officer,
and treasurer effective January 1, 2016 succeeding Joseph P. Bellino,
who retired at the end of 2015 as part of a succession plan previously
announced. Mr. Groves reports to Anthony J. Reardon, chairman and chief
executive officer. In addition, Kevin J. Wright has been appointed vice
president of strategy and business development for Ducommun
AeroStructures and Ducommun LaBarge Technologies, a newly created
position in which he will lead Ducommun’s corporate business development
activities including sales, marketing, and mergers and acquisitions. He
reports to Joel H. Benkie, president and chief operating officer.
“Doug and Kevin are accomplished and talented executives who are
outstanding additions to Ducommun’s senior leadership team. Ducommun
will benefit from their insight and acumen, earned over lengthy and
successful careers focused on driving higher operating performance and
profitable growth,” said Anthony J. Reardon, chairman and chief
executive officer.
Mr. Groves joined Ducommun in January 2013 as vice president of
accounting and moved into the vice president, controller and chief
accounting officer role later that year. He has more than 25 years of
management experience in finance, accounting, audit, and information
technology within a global manufacturing environment. He joined Ducommun
from Beckman Coulter, Inc., where he served as corporate vice president
and chief information officer after holding a series of progressively
responsible finance and accounting management positions, including vice
president of finance for the North American operations. Mr. Groves has
an MBA from the University of Southern California and a bachelor’s
degree from California State University at Long Beach.
Mr. Wright joins Ducommun with more than 30 years of experience
spearheading market-driven growth strategies. Most recently, he served
as senior vice president of strategy, sales and marketing at Meggitt
Control Systems. Prior to that he held leadership positions in strategic
business development at Crane Aerospace and SITA. Mr. Wright received
his bachelor’s degree in electrical and electronics engineering from the
University of Nottingham, U.K.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “ begin,” “
look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160120005503/en/
Source: Ducommun Incorporated
Ducommun Incorporated
Douglas L. Groves, 310-513-7200
Vice
President, Treasurer and Chief Financial Officer
or
Chris
Witty, 646-438-9385
Investor Relations
cwitty@darrowir.com
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