AMETEK Names William Eginton
28 September 1998
AMETEK Names William Eginton as Vice President-Corporate DevelopmentPAOLI, Pa., Sept. 28 -- AMETEK, Inc. today announced that it has named William D. Eginton as Vice President-Corporate Development, effective October 1, 1998. Mr. Eginton was Director-Corporate Development. Philip A. Goodrich, Senior Vice President-Corporate Development, has elected to leave AMETEK to pursue a career in investment management. He will remain with AMETEK through the end of 1998 to ensure a smooth transition of the Company's ongoing acquisition program. Walter E. Blankley, chairman and chief executive officer, said, "Strategic acquisitions are an important part of AMETEK's future growth, and Bill has made a valuable contribution to the success of our acquisition strategy. He played a key role in the acquisitions of Rotron in January 1998 and Chatillon/Lloyd Instruments in June 1997." Mr. Eginton joined AMETEK in 1993 as Assistant to the Chief Financial Officer. In that role, he had key responsibilities in the development and implementation of the Company's financial re-capitalization plan. He also worked closely with many of AMETEK's divisions to develop their strategic plans. In 1995, Mr. Eginton was promoted to Controller of the Panalarm Division where, in addition to his financial responsibilities, he led the strategic planning process for that business. He was promoted into the Corporate Development Department in 1996 to help build AMETEK's acquisition program. He was named Director-Corporate Development earlier this year. Mr. Eginton holds a BBA in Accounting/Finance from the University of Notre Dame and a MBA from Duke University. He also is a C.P.A. AMETEK is a leading global manufacturer of electric motors and electronic instruments with sales approaching $1 billion in 1998. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, New Products, Global & Market Expansion, and Strategic Acquisitions & Joint Ventures. Its objective is double-digit percentage growth in earnings per share from continuing operations and a superior return on total capital. The common stock of AMETEK is a component of the S & P Mid Cap 400 Index and the Russell 2000 Growth Index.