BLOOMFIELD, Conn., Feb. 27 /PRNewswire-FirstCall/ -- Kaman Corp.
(Nasdaq GS: KAMN) today announced that, effective March 1, 2008, Neal J.
Keating will become chairman of the board of directors in addition to his
role as president and chief executive officer of the company. As chairman,
he will succeed Paul R. Kuhn, who begins his planned retirement on that
date.
"I feel fortunate to have the chance to lead Kaman at a time of such
great opportunity," Keating said. "Paul and his team have led a fundamental
transformation of the company and my top priority is to build on the
accomplishments of recent years and maintain the company's strong positive
momentum. We will also leverage our unique company culture that still
reflects many of the principles of the company's founder, Charles H. Kaman.
Vision, innovation, excellence and teamwork are at the core of the Kaman
way of doing business, and I am looking forward to tapping into these
resources and the strong base Paul has put in place to continue to build a
more successful company. We all thank Paul for his outstanding service to
Kaman and wish him well in his retirement."
Kuhn said, "It has been my privilege to lead this company for nearly
nine years and I leave knowing it is in the very capable of hands of Neal
and his management team. I believe that under their leadership, along with
the highly dedicated group of employees they direct, the company will
continue its growth momentum in the years ahead."
Keating, 52, joined Kaman as president and chief operating officer on
September 17, 2007, and on January 1, 2008, became president and chief
executive officer of the company. Prior to joining Kaman, he was chief
operating officer of Hughes Supply, a $5.4 billion wholesale distribution
business that was acquired by Home Depot. Prior to that he was managing
director and chief executive officer at GKN Aerospace while serving as an
executive director on the main board of GKN plc, and as a member of the
board of directors of Agusta-Westland. He started his career with Rockwell
Automation, rising over a 24-year period to the position of executive vice
president and chief operating officer of Rockwell Collins Commercial
Systems.
A native of Illinois, Keating received his bachelor's degree in
electrical engineering from the University of Illinois in 1977 and his
Executive MBA from the University of Chicago in 1988.
Kaman Corp., headquartered in Bloomfield, Conn., conducts business in
the aerospace and industrial distribution markets.
SOURCE Kaman Corporation
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Related links:
http://www.kaman.com
http://www.prnewswire.com/comp/480450.html /
CONTACT:
Russell H. Jones SVP, Chief Investment
Officer & Treasurer of Kaman Corp., +1-860-243-6307,
Russell.Jones@kaman.com
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