Gerber Scientific, Inc. Promotes Five Executives;
New Assignments Support Strategy to Accelerate Growth
SOUTH WINDSOR, CT -- Gerber Scientific, Inc. (NYSE: GRB) today announced the promotions of five executives as part of the company’s strategic emphasis on growth.
“Gerber Scientific’s strategic focus is increasingly shifting to initiatives aimed at driving growth, as we work toward the completion of our successful three-year turnaround plan,” said Marc T. Giles, president and chief executive officer. “The development of new technologies and products is key to our future success by enabling us to expand our current leadership positions and to penetrate exciting new growth markets, such as China. These executive appointments represent an important step in the implementation of Gerber Scientific’s long-term strategy.”
The company announced the following appointments:
- Elaine A. Pullen, currently president of Gerber Scientific Products (GSP), the company’s sign making and specialty graphics business, has been named to the newly created position of Chief Technology Officer of Gerber Scientific, Inc., effective November 1. Pullen’s responsibilities will cross all business-unit and organizational boundaries and will include providing guidance on new technology implementation, working with the business units to develop product and technology strategies, and identifying and evaluating new technology opportunities. Pullen joined the company in 2001, having previously held top management, engineering, and research positions at several imaging-system manufacturers in both the U.K. and the U.S.
- Gregory A. Wolf succeeds Pullen as president of GSP, effective November 1. Wolf is currently executive director of Sales and Marketing at GSP. He joined the company in 2002 from FMC Corporation, where he served in a number of key domestic and international management positions.
- James S. Arthurs, currently president of Gerber Technology, the company’s apparel and flexible materials unit, has been appointed to the newly created position of president, Asia-Pacific, Gerber Scientific, Inc., and named non-executive chairman of Gerber Technology, effective February 1, 2005. Arthurs, a 25-year veteran of the company, will be based in Hong Kong and is charged with providing leadership and coordination for all business-unit initiatives in the company’s fastest-growing region. Arthurs opened Gerber’s first office in China more than 20 years ago.
- John R. Hancock, currently president of Gerber Coburn (GC), the company’s ophthalmic lens processing unit, succeeds Arthurs as president of Gerber Technology (GT), effective February 1, 2005. Hancock brings more than 30 years of senior management, sales and marketing experience to GT. He is the architect of Gerber’s “Customer Experience” initiative and he will continue to Chair Gerber’s Corporate Marketing Council.
- Clement Patry succeeds Hancock as president of Gerber Coburn, effective February 1, 2005. Patry, with more than 20 years experience in the optical industry, joined the company in 2000 from Haag-Streit, where he was president of the company’s U.S. unit. Before that he spent 15 years at Essilor, the world’s largest lens manufacturer.
About Gerber Scientific, Inc.
Gerber Scientific, Inc. is the world's leading supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible materials, and ophthalmic lens processing. Headquartered in South Windsor, Connecticut, the company operates through four businesses: Gerber Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.
Safe Harbor Statement:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the Company's business, see the Company’s Quarterly Report on Form 10-Q for the quarter ended
July 31, 2004 and its Annual Report on Form 10-K for the year ended April 30, 2004, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the Company expressly disclaims any obligation to update or revise any forward-looking statements contained in this release.
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