ATS Automation Tooling Systems Inc. Announces Appointment of Anthony Caputo as Chief Executive Officer
CAMBRIDGE, ON, Nov. 19 / - ATS Automation Tooling Systems Inc.
announced today that Anthony Caputo has been appointed as Chief Executive
Officer.
Mr. Caputo is an experienced senior executive and brings to the Company a
solid track record of over 25 years of delivering performance, growth and
value creation in technology, manufacturing and service environments. Most
recently Mr. Caputo served as Corporate Vice-President and President and COO
of L-3 Communications and prior to that as President and CEO of Spar
Aerospace. Mr. Caputo holds a Bachelor of Technology in Engineering from
Ryerson University and a Master of Science in Organizational Development from
Pepperdine University.
Neil Arnold, Chairman of the Board of Directors, stated, "Retaining a
permanent CEO has been a top priority of the new board of directors and we are
delighted to have found somebody of Anthony's talent and experience to join
us. Anthony has a proven record of delivering performance and enhancing
shareholder value and we are confident that he will bring to ATS the
leadership and focus that it needs to move forward in delivering value to its
stakeholders."
"ATS is a recognized market leader with unrealized potential. It has
great customers, technology and people. It also has some problems that will be
addressed," commented Mr. Caputo. "I am grateful for the opportunity to lead
ATS and excited by its prospects."
Mr. Caputo assumes leadership of ATS effective immediately, replacing
John K. Bell who has acted as interim Chief Executive Officer since the new
board of directors was elected on September 13, 2007. "On behalf of the board,
I would like to thank John for his leadership during this critical transition
period," said Mr. Arnold.
About ATS
ATS Automation Tooling Systems Inc. provides innovative, custom designed,
built and installed manufacturing solutions to many of the world's most
successful companies. Founded in 1978, ATS uses its industry-leading knowledge
and global capabilities to serve the sophisticated automation systems' needs
of multinational customers in industries such as healthcare,
computer/electronics, automotive and consumer products. It also leverages its
many years of repetitive manufacturing experience and skills to fulfill the
specialized repetitive equipment manufacturing requirements of customers.
Through its Photowatt solar business, ATS participates in the growing solar
energy industry and through its precision components business it produces, in
high volume, precision components and subassemblies. ATS employs approximately
3,600 people at 24 manufacturing facilities in Canada, the United States,
Europe, southeast Asia and China. The Company's shares are traded on the
Toronto Stock Exchange under the symbol ATA. Visit the Company's website at
www.atsautomation.com.
For further information:
ATS Automation Tooling Systems Inc.
250 Royal Oak Road, Cambridge
Ontario, N3H 5M2
Tel: (519) 653-6500
Fax: (519) 650-6520
