Tag Archives: Scott Buckhout

Circor Switches CEOs

By Rich Smith, The Motley Fool

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Burlington, Mass.-based Circor International named Scott Buckhout, formerly President of United Technologies‘ Fire and Security business, as its own new president and chief executive officer on Tuesday.

Buckhout takes over from acting President and CEO Wayne Robbins, who has been holding down the fort since former CEO Bill Higgins stepped down back in December. Going forward, Robbins will continue serving as Circor’s executive vice president and chief operating officer.

In a statement announcing the new appointment, Circor Chairman of the Board David Dietz praised Buckhout’s experience “improving the performance of manufacturing businesses such as Circor’s, identifying and successfully integrating and rationalizing acquisitions, and driving organic and acquisitive growth” while at UTC.

Investors seemed pleased with the appointment as well. Circor shares rose 0.6% in Tuesday trading following the announcement and closed at $41.41.

The article Circor Switches CEOs originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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CIRCOR Names Scott Buckhout President and Chief Executive Officer

By Business Wirevia The Motley Fool

Filed under:

CIRCOR Names Scott Buckhout President and Chief Executive Officer

Former UTC Executive Brings Proven Record of Expanding Margins and Accelerating Growth

BURLINGTON, Mass.–(BUSINESS WIRE)– CIRCOR International, Inc. (NYS: CIR) , a leading provider of valves and other highly engineered products for the energy, industrial and aerospace markets, today announced that its Board of Directors has appointed Scott Buckhout as President and Chief Executive Officer, effective immediately. Mr. Buckhout, who most recently served as President of United Technologies Corporation’s (“UTC”) $7 billion Fire and Security division, has also been appointed to the Company’s Board of Directors. Wayne Robbins, who has served as Acting President and Chief Executive Officer since December 2012, will continue as CIRCOR‘s Executive Vice President and Chief Operating Officer.

“On behalf of the Board of Directors, I am delighted to welcome Scott as CIRCOR‘s next President and CEO,” said David Dietz, Chairman of the CIRCOR Board of Directors. “Our Board conducted a thorough and comprehensive search over the past four months and unanimously concluded that Scott is best suited to lead CIRCOR through its next phase of growth and development. Scott has a proven record of improving the performance of manufacturing businesses such as CIRCOR‘s, identifying and successfully integrating and rationalizing acquisitions, and driving organic and acquisitive growth. We are excited about CIRCOR‘s prospects for growth and value creation with a continued focus on Lean principles under Scott’s leadership and look forward to working closely with him.”

Scott Buckhout said, “I am honored to lead CIRCOR, a strong company with a diverse portfolio of products in attractive end markets and a solid, well-managed balance sheet. I am committed to driving improved operating results and margin expansion, as well as growth organically and through in-market acquisitions. I am enthusiastic about the opportunities ahead. I look forward to working closely with CIRCOR‘s Board of Directors, executive team and talented and hard-working employees around the world to build upon this Company’s proud history and accelerate its growth and success.”

Added Mr. Dietz, “CIRCOR‘s Board of Directors is grateful for Wayne Robbins‘ service as CIRCOR‘s Acting CEO since December. Wayne has been a valued member of CIRCOR‘s leadership team for seven years, and we are excited that he will continue to play an integral leadership role at the Company alongside Scott Buckhout.”

About Scott Buckhout

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Source: FULL ARTICLE at DailyFinance