IDEX Corporation Appoints Daniel J. Salliotte as Vice President
IDEX Corporation announced that Daniel J. Salliotte has joined the company as vice president - strategy and business development.
Separately, IDEX announced the planned retirement of Dennis L. Metcalf, vice president - corporate development, in spring 2005.
"In his 30 years with IDEX and its predecessor company, Houdaille Industries," Williams said, "Dennis Metcalf has made and continues to make an outstanding contribution to IDEX. Since 1991, he has led our corporate development activities and played a pivotal role in our company's growth, helping us expand our global platform through the completion of more than two dozen strategic acquisitions. We are deeply appreciative of Dennis' contributions and look forward to his continued leadership in the coming months as we pursue our strategic acquisition objectives and transition the corporate development role."
Salliotte joins IDEX from his most recent position as a vice president with Oxford Investment Group, a private equity firm. Prior to the Oxford Investment Group, Salliotte served as a group vice president, business development for the fluid & material-handling group within SPX Corporation. Earlier in his career, Salliotte was a management consultant with Deloitte Consulting. He started his career gaining international transaction experience with Corporate Capital Group, a merger & acquisition firm. Salliotte holds a bachelors degree from The University of Michigan and an MBA from The Wharton School at the University of Pennsylvania.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. The company's actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause those differences, including those factors presented in the company's most recent annual report and other company filings with the U.S. Securities and Exchange Commission.
About IDEX
IDEX Corporation is the world leader in fluid-handling technologies for positive displacement pumps, dispensing equipment for color formulation, and other highly engineered products including fire suppression equipment, rescue tools, and stainless steel custom banding. Its products are sold in niche markets to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX."
Source: IDEX Corporation
