Climax Portable Machine Tools, Inc. Elects Thomas R. Liebermann as Chairman of the Board
NEWBERG, Oregon, January 15, 2007- Climax Portable Machine Tools, Inc., a global provider of comprehensive, on-site machining solutions, announces the election of Thomas R. Liebermann as Chairman of the Board. In addition to corporate governance, as Chairman, Mr. Liebermann will provide strategic counsel to Climax's executive management team to enable the company to capitalize on the growing number of new opportunities for the use of its portable machine tools in the power generation, shipbuilding, civil engineering and service industries.
With a highly distinguished career in business development and management, Mr. Liebermann brings over 20 years experience in leading international companies to greater growth and profitability. In addition to being Chairman of Climax, Mr. Liebermann will continue to serve as Managing Director of Philips Screw Company, a recognized global leader in innovative fastening solutions, and as Chairman and CEO of Advanced Systems International, a holding company for industrial technology acquisitions. Previously, he was President of the Thermal Group of Thermal Scientific, plc, a $100M international technology group, specializing in thermal technology, polymers and scientific instrumentation. He also served as Chairman and CEO of Advanced Frequency Products and Kaye Instruments. Mr. Liebermann started his professional career at Cummins Engine Co., the leading independent diesel engine manufacturer in the world.
"Climax is a highly innovative company, well positioned for continued expansion, with a top-notch work force and led by an experienced and dedicated management team," said Mr. Liebermann. "I'm excited to spearhead their strategic efforts to better serve the company's growing number of domestic and international customers."
Mr. Liebermann holds an MBA from the Wharton Graduate School of Business, a BS in Civil Engineering and a BA in Sociology from the University of Pennsylvania. He has held leadership positions in the Young Presidents Organization and is a member of the Chief Executives Organization. Mr. Liebermann, whose office is based in Wakefield, Massachusetts, has traveled to over 70 countries, and is fluent in four languages.
About Climax Portable Machine Tools, Inc.
Based in Oregon and Germany, Climax Portable Machine Tools, Inc. is a strategic world-class provider of comprehensive, on-site machining solutions. The company offers specialized engineering consulting services, customized training programs and a full line of portable machine tools for sale and rent, enabling customers to efficiently perform on-site machining for applications in the shipbuilding, power generation, heavy construction and mining, as well as service and engineering sectors. Climax Portable Machine Tools pioneered the portable machine tools concept over 40 years ago, and as the world's largest supplier of portable machine tools, offers standard and custom-built solutions. Climax serves domestic and international markets through its own international offices and licensed representatives in 23 countries. More information about the company is available at www.cpmt.com.
