– USA, NY – Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, today announced the appointments of Jerry Colella and Chad Abraham to its Board as Independent Directors, effective November 11, 2021, bringing the board to eleven directors of which ten are independent
“We couldn’t be more excited about the addition of Jerry and Chad, both experienced CEOs, to our Board of Directors. Jerry’s deep industrial technology experience combined with his track record of expanding MKS Instruments into new geographies and markets while delivering sustainable and profitable growth make him a terrific addition to our Board. Chad’s knowledge of the industrial landscape, his keen understanding of inorganic and M&A growth, combined with his track record of transforming Piper Sandler with record setting revenue and earnings performance, add further depth to our talented board of directors.” said Board chair, Richard Fleming.
Mr. Colella will join the Compensation Committee and the Governance and Nomination Committee, while Mr. Abraham will join the Audit Committee and the Governance and Nomination Committee.
Kathryn Roedel, Chair of the Governance and Nomination Committee, added, “We have been working on our Board refreshment and succession planning during the last few years and the addition of Jerry and Chad to our Board is an important step in that process. Further, they bring a diversity of experience that will help us advance our Blueprint for Growth 2.0 strategy to transform Columbus McKinnon into a high-value, intelligent motion, industrial technology enterprise. I am thrilled that they are joining our Board.”
About Gerald Colella
Mr. Colella is the Chair of MKS Instruments (Nasdaq: MKSI), a global provider of instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes. In 2020, he retired as President and CEO of MKS after having spent 36 years advancing through progressively challenging positions. In his roles spanning from VP of Worldwide Operations to Chief Business Officer and later COO, he oversaw all aspects of the business preparing him for his successful tenure as President and CEO.
About Chad Abraham
Mr. Abraham has been Chair and CEO of Piper Sandler (NYSE: PIPR), a leading investment bank and financial services company since 2018. Mr. Abraham joined Piper Sandler in 1991 as an investment banking analyst for the technology sector. Following that role, he initiated and grew Piper Sandler’s presence in Menlo Park, CA, and later advanced to the head of capital markets. In 2010, he was promoted to Global Co-Head of Investment Banking and Capital Markets, before he was appointed Chair and CEO.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer, and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.
For more information: https://www.columbusmckinnon.com/
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