Schmitt Industries Appoints President
Portland, OR: Schmitt Industries, Inc. ( NASDAQ: SMIT) announced today that James A. Fitzhenry has been named as President of the Company, effective July 10, 2009. Mr. Fitzhenry joined the Schmitt management team in June 2008 as Executive Vice President. Prior to that time, Mr. Fitzhenry was President of Capital Strategies Group, a federal government business development and government relations firm. Prior to forming Capital Strategies Group, Mr. Fitzhenry was a senior executive at FLIR Systems, Inc. (NASDAQ: FLIR) for 15 years, most recently as Senior Vice President for Corporate Operations and Law. Jim replaces Wayne Case as President, who remains CEO and Chairman of the Board of Schmitt.
"We are pleased to promote Jim to President of the Company and leader of the Schmitt team," commented Mr. Case. "Jim has demonstrated a wealth of business, M&A, government and leadership experience during his time with the Company. Promoting Jim to the position of President allows us to prepare for the next stage of our growth".
About Schmitt Industries:
Schmitt Industries, Inc. designs, assembles and markets computer controlled balancing equipment (the Balancer Segment) primarily to the machine tool industry. Through its wholly owned subsidiary, Schmitt Measurement Systems, Inc. ("SMS") the Company designs, manufactures and markets precision laser measurement systems (the Measurement Segment). The Company also sells and markets its products in Europe through its wholly owned subsidiary, Schmitt Europe Ltd. ("SEL"), located in the United Kingdom.
