AMETEK Appoints Sheraz Ahmed Vice President and General Manager, MRO Division; Brian Hoffman to Retire Following 17 Years of Service

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) has appointed Sheraz Ahmed as Vice President and General Manager of its Maintenance, Repair, and Overhaul (MRO) division, effective April 1, 2022. He succeeds Brian Hoffmann, who is retiring after 17 years. Ahmed, who joined AMETEK in 2015, brings extensive experience from UTC Aerospace Systems and Goodrich. This leadership transition is expected to enhance the MRO division's growth and success. In 2021, AMETEK reported sales of $5.5 billion and aims for double-digit growth in earnings per share.

Positive

• Sheraz Ahmed's promotion may lead to fresh perspectives and strengthened leadership in the MRO division.
• Ahmed has significant industry experience which could contribute to continued growth.

Negative

• Brian Hoffmann's retirement may create a gap in leadership experience.

BERWYN, Pa., Feb. 10, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Sheraz Ahmed as Vice President and General Manager of the AMETEK Maintenance, Repair, and Overhaul (MRO) division. Sheraz will be replacing Brian Hoffmann, who announced his intention to retire following his 17-year tenure with the company.

"We are pleased to announce Sheraz's promotion to Vice President and General Manager," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Sheraz is an excellent fit for this role given his strong leadership skills and deep industry experience. We expect him to play a key role in the continued growth and success of our MRO division."  

"I want to thank Brian for his dedication to AMETEK and his many important contributions," added Mr. Zapico. "He has been vital to the success of our company and the growth of our MRO division. We wish Brian and his family all the best on his retirement."

Mr. Ahmed joined AMETEK in 2015 as the Division Vice President and Business Unit Manager for AMETEK Airtechnology. Prior to this, he was Vice President and General Manager of UTC Aerospace Systems, and also held various roles of increasing responsibility at Goodrich.

Mr. Ahmed obtained his Bachelor of Science in Mechanical Engineering from Aston University in Birmingham, England. This leadership change will go into effect April 1, 2022.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2021 sales of $5.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500.

Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com 
Phone: 610-889-5247

View original content:https://www.prnewswire.com/news-releases/ametek-appoints-sheraz-ahmed-vice-president-and-general-manager-mro-division-brian-hoffman-to-retire-following-17-years-of-service-301479213.html

SOURCE AMETEK, Inc.

FAQ

Who is the new Vice President and General Manager of AMETEK's MRO division?

Sheraz Ahmed has been appointed as the Vice President and General Manager of AMETEK's MRO division.

When will Sheraz Ahmed officially begin his role at AMETEK?

Sheraz Ahmed's new role will take effect on April 1, 2022.

What position did Brian Hoffmann hold at AMETEK before his retirement?

Brian Hoffmann served as Vice President and General Manager of the MRO division before announcing his retirement.

What is the significance of Sheraz Ahmed's appointment for AMETEK?

Sheraz Ahmed's appointment is expected to enhance leadership quality and contribute to the growth of the MRO division.

What were AMETEK's sales figures for 2021?

AMETEK reported sales of $5.5 billion in 2021.