Stewart Douglas Elected Vice President and Chief Information Officer

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) has announced the appointment of Stewart Douglas as Vice President and Chief Information Officer, succeeding Ken Weirman, who retired after over a decade in the role. Douglas, who joined AMETEK in 2007, has held various positions including Division Vice President of Business Systems. His extensive experience and leadership are expected to enhance AMETEK's ongoing digital transformation. The company reported sales exceeding $4.5 billion in 2020 and aims for double-digit percentage growth in earnings per share.

Positive

• Stewart Douglas's promotion is expected to contribute to AMETEK's digital transformation.
• Douglas has extensive experience within AMETEK and a strong background in IT solutions.

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• None.

BERWYN, Pa., June 1, 2021 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has elected Stewart Douglas as Vice President and Chief Information Officer, following the retirement of Ken Weirman who held the same position since joining AMETEK in 2010. 

"We are pleased to announce Stewart's promotion to this important role, as he has been a valuable contributor to our IT organization," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "His extensive experience in IT solutions, in-depth knowledge of AMETEK's business systems and strong leadership qualities will add tremendous value for the company, particularly in the continued digital transformation of our business processes." 

Mr. Douglas joined AMETEK in 2007, serving as Division Vice President of Businesses Systems for the Aerospace & Defense and Power divisions. Prior to joining AMETEK, Mr. Douglas served as IT Director at Rohm and Haas, European IT Manager at Shipley Europe, and European IT Manager at ITT Cannon.

Mr. Douglas holds a Bachelor of Science degree in Electrical Engineering from the University of Salford and a Master's degree in Information Systems from the University of Kingston - both schools based in the United Kingdom.  

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2020 sales of more than $4.5 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
1100 Cassatt Road
Berwyn, Pennsylvania 19312
kevin.coleman@ametek.com
Phone: 610.889.5247

View original content:http://www.prnewswire.com/news-releases/stewart-douglas-elected-vice-president-and-chief-information-officer-301301324.html

SOURCE AMETEK, Inc.

FAQ

Who is the new Vice President and Chief Information Officer at AMETEK?

Stewart Douglas has been elected as the new Vice President and Chief Information Officer at AMETEK.

What are the previous roles held by Stewart Douglas at AMETEK?

Before becoming CIO, Stewart Douglas served as Division Vice President of Business Systems for the Aerospace & Defense and Power divisions.

What financial performance did AMETEK achieve in 2020?

AMETEK reported sales of more than $4.5 billion in 2020.

What is AMETEK's growth objective?

AMETEK aims for double-digit percentage growth in earnings per share over the business cycle.

What does AMETEK focus on for its growth strategy?

AMETEK's growth model integrates operational excellence, new product development, global expansion, and strategic acquisitions.