Columbus McKinnon adds Mike Dastoor to its Board as Independent Director

– USA, NY –  Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the addition of Michael Dastoor to its Board as an independent director, effective May 17, 2021, bringing the Board to nine directors of which eight are independent and two are women.

Mr. Dastoor is EVP and CFO of Jabil Inc. (NYSE: JBL), and will serve on the Audit Committee and the Compensation and Succession Committee.

“We are thrilled to welcome Mike Dastoor to our Board. Mike’s financial executive leadership skills and strategic insights will add a valuable perspective to our talented Board and help advance our Blueprint for Growth 2.0 strategy.” said Board Chairman, Richard Fleming.

Kathryn Roedel, Chair of the Governance and Nomination Committee, commented, “We are very excited to have Mike join us on Columbus McKinnon’s Board of Directors. His background aligns perfectly with our succession planning needs. Further, we believe that his financial expertise, global manufacturing experience, and strategic skills, combined with his having lived and worked in eight countries, enhances the growth acumen and financial depth of our Board.”

About Michael Dastoor

Mr. Dastoor brings to the Board nearly 35 years of global experience as a financial leader for the engineering services, electronics manufacturing and automotive industries. He was appointed EVP and CFO of Jabil Inc., a global manufacturing services company, in September 2018, after having served as SVP and Controller from 2010 and as Controller from 2004 to 2010. He joined the company as regional controller of Asia Pacific in 2000. Previously, he worked for 7 years as Regional CFO at Inchape plc (LON: INCH), a British multinational automotive distribution, retail and services company, leading business process re-engineering for the Eastern Mediterranean and Southeast Asia regions.

Mr. Dastoor is a graduate of the University of Bombay (now Mumbai) and a chartered accountant through the Institute of Chartered Accountants in England & Wales where he spent seven years in audit covering the United Kingdom and Europe.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that efficiently and ergonomically move, lift, position, and secure materials. Key products include hoists, crane components, precision conveyor systems, actuators, 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.

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