MIKAEL NÄSSTRÖM APPOINTED VICE PRESIDENT, COMMERCIAL EXCELLENCE

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) announced the appointment of Mikael Näsström as Vice President of Commercial Excellence on May 9, 2022. In this newly created role, Näsström will lead commercial initiatives to drive sales growth and enhance global marketing efforts. His experience spans various leadership positions within AMETEK since 2014 and previous roles at Danaher Corporation. AMETEK reported sales of $5.5 billion in 2021, focusing on strategies for operational excellence, new product development, market expansion, and strategic acquisitions to target double-digit earnings growth.

Positive

• Appointment of Mikael Näsström as Vice President of Commercial Excellence.
• Näsström's role aims to enhance sales and global marketing initiatives.
• Strong leadership background with a proven track record of organic growth.
• AMETEK reported $5.5 billion in sales for 2021, indicating robust financial performance.

Negative

• None.

BERWYN, Pa., May 9, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Mikael Näsström as Vice President, Commercial Excellence.

In this newly created role, Mr. Näsström will help drive accelerated sales for AMETEK by leading company-wide commercial excellence initiatives and managing global corporate marketing. Adept at developing and implementing commercial continuous improvement programs, Mr. Näsström will also be responsible for expanding AMETEK's digital marketing efforts on a global scale.

"We are pleased to announce Mikael's promotion to this important new role," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "With a proven ability to transform processes and increase organic growth, Mikael's strong leadership skills and expertise in marketing strategy make him ideally suited for this position."

Mr. Näsström joined AMETEK in 2014 as Divisional Vice President, Europe, Middle East & India Marketing, and Managing Director, UK & Nordics, and most recently served as Divisional Vice President, Commercial Excellence and Marketing at AMETEK International. Prior to joining AMETEK, Mr. Näsström held roles of increasing responsibility at several Danaher Corporation businesses including Fluke Corporation and Tektronix.

Mr. Näsström earned his Bachelor's in Marketing from IHM Business School in Stockholm, Sweden, his Master of Business Administration from Edinburgh Business School, and his Electronics Engineering degree from Märsta Gymnasiet, Sweden.

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:
AMETEK, Inc.
Kevin Coleman
Vice President, Investor Relations & Treasurer 
kevin.coleman@ametek.com 
Phone: 610.889.5247

 

View original content:https://www.prnewswire.com/news-releases/mikael-nasstrom-appointed-vice-president-commercial-excellence-301541835.html

SOURCE AMETEK, Inc.

FAQ

What is the significance of Mikael Näsström's appointment at AMETEK?

Mikael Näsström's appointment as Vice President of Commercial Excellence is aimed at driving sales growth and enhancing global marketing for AMETEK.

When did AMETEK announce Mikael Näsström's promotion?

AMETEK announced Mikael Näsström's promotion on May 9, 2022.

What were AMETEK's sales figures for 2021?

AMETEK reported sales of $5.5 billion in 2021.

What strategies does AMETEK focus on for growth?

AMETEK focuses on operational excellence, new product development, market expansion, and strategic acquisitions for growth.

What is the expected outcome of Näsström's new role for AMETEK investors?

Näsström's new role is expected to enhance revenue and contribute to double-digit earnings growth, benefiting AMETEK investors.