AMETEK Names Steven F. Sundberg Vice President & General Manager - Medical Interconnects Division

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Nov 04, 2011, 08:00 ET

BERWYN, Pa., Nov. 4, 2011 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Steven F. Sundberg as Vice President and General Manager, Medical Interconnects Division, within AMETEK's Engineered Material, Interconnects and Packaging Division (EMIP). He was previously Division Vice President and Business Unit Manager, EMIP - Technical Services for Electronics.

"I am pleased to announce Steve's promotion to Vice President and General Manager. Steve has extensive experience and knowledge of our medical markets and brings to his new position a strong sales and marketing background, excellent strategic skills and outstanding leadership capabilities. Steve has been instrumental in the growth and development of our medical businesses and we expect him to play a key role in its continued success," commented Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

Mr. Sundberg joined AMETEK in 2010 as part of the acquisition of Technical Services for Electronics (TSE). Mr. Sundberg joined TSE in 2003 and held increasingly responsible positions in Sales and Marketing before being named President in October 2009. Prior to TSE, Mr. Sundberg was VP, Sales and Marketing for Viztec, Inc., and held numerous positions, including Global Sales and Marketing Leader, during his twenty one years with W.L. Gore & Associates.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.0 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.

Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include AMETEK's ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

Contact: Kevin Coleman (610) 889-5247

SOURCE AMETEK, Inc.