Press Release Summary:
Members of HARTÂ® Communication Foundation and Fieldbus Foundation™ approved merger proposed by their respective boards via voting process that concluded on August 30. New corporation, FieldComm Group, will be led byÂ board of directors composed of representatives of collective companies from current boards of each foundation. Hans-Georg Kumpfmueller has been elected as inaugural chairman of the board. Also,Â board appointed Ted Masters as president and CEO.
Original Press Release:
Fieldbus Foundation and HART Communication Foundation Members Approve Formation of FieldComm Group
Austin, Texas – The final step in constructing a single organization to lead process automation communications and integration technologies was completed when the members of both the HART® Communication Foundation and Fieldbus Foundation™ approved the merger proposed by their respective boards through a voting process that concluded on August 30. This completes a yearlong study and diligence period by a dedicated team of volunteers representing each of the foundations.
The new corporation, called FieldComm Group, will be led by a board of directors composed of representatives of the collective companies from the current boards of each foundation. Hans-Georg Kumpfmueller has been elected as the inaugural chairman of the board. Mr. Kumpfmueller will lead the direction of the FieldComm Group and oversee the addition of FDI LLC in mid-2015.
Mr. Kumpfmueller has served as a leader in setting the course of device integration in his role as chairman of the FDI LLC board and as CEO of Sensors and Communication at Siemens. He is convinced the formation of FieldComm Group is "a major step forward for the process industries by leveraging the strengths of each industry-leading protocol and adding the value of the next-generation integration strategy."
The board has appointed Ted Masters as president and CEO of FieldComm Group. He currently serves in the same capacity with the HART Communication Foundation. Mr. Masters brings a wealth of instrumentation and controls experience to bear in addition to a deep understanding of the use of data analytics in enterprise systems.
Mr. Masters believes the creation of FieldComm Group is an unprecedented opportunity to build upon existing technologies and develop a single future vision toward harmonization of standards for the process automation industry worldwide. He said, "I am excited about the opportunity to work together with distinguished leaders and technologies around the globe to integrate valuable process intelligence from devices to improve the operations of our users."
During the transition and integration of the two organizations, Richard J. Timoney will serve as executive vice president of FieldComm Group. Mr. Timoney currently is president and CEO of the Fieldbus Foundation. He commented, "The joining of Fieldbus Foundation and HART Communication Foundation will realize the automation industry's goal of a single, unified body to support advanced digital technology. The efforts of countless individuals and companies have helped us reach this milestone."
FieldComm Group will consolidate offices in Austin, Texas, and function as a single entity beginning January 1, 2015. Until that time, the HART Communication Foundation and Fieldbus Foundation will continue to operate independently.
About the Fieldbus Foundation
The Fieldbus Foundation is a global not-for-profit corporation consisting of leading process end users and automation companies. Within the Fieldbus Foundation, end users, manufacturers, universities and research organizations work together to develop an automation infrastructure that allows you to view your process in high definition; manage information effectively; and optimize people, processes and technology. For more information, visit their web site at www.fieldbus.org.
About the HART Communication Foundation
The HART Communication Foundation (www.hartcomm.org) is the technology owner and standards organization for the HART Communication Protocol. Founded in 1993, the Foundation is an independent, not-for-profit, membership organization providing support for the HART Communication technology and standards worldwide. The Foundation is supported by a global membership of 320 companies. HART Communication is the leading technology for process measurement and control with more than 40 million HART-enabled devices installed worldwide.
HART® is a trademark of the HART Communication Foundation
FOUNDATION™ is a trademark of the Fieldbus Foundation