AMETEK Appoints Rob Rideout Jr. Vice President, Strategic Procurement

Rhea-AI Summary

AMETEK, Inc. (NYSE: AME) has appointed Rob Rideout Jr. as Vice President, Strategic Procurement. CEO David A. Zapico expressed confidence in Rideout's ability to drive innovation and excellence in strategic procurement initiatives. Rideout, who joined AMETEK in 2007, has held various leadership roles within the company, most recently serving as Division Vice President of Operations and Supply Chain for Aerospace and Power. He holds a Bachelor of Science degree in Business Administration from the University of New Hampshire.

AMETEK is a leading global provider of industrial technology solutions with annual sales of approximately $7.0 billion. The company focuses on the AMETEK Growth Model, which integrates Four Growth Strategies: Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions.

Positive

• Appointment of experienced internal candidate to key strategic role
• Demonstrates commitment to internal talent development and promotion
• Potential for improved procurement strategies and cost efficiencies

Negative

• None.

BERWYN, Pa., Aug. 8, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Rob Rideout Jr. as Vice President, Strategic Procurement.

"I am delighted to promote Rob to Vice President, Strategic Procurement," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Rob's exceptional leadership and expertise in supply chain management have been invaluable. We are certain he will drive innovation and excellence in our strategic procurement initiatives."

Since joining AMETEK in 2007, Mr. Rideout has held various leadership roles, including Director of Strategic Sourcing for Power Systems and Instruments Division and the Divisional Vice President of Supply Chain and Continuous Improvement for the Aerospace and Defense Division. Most recently, Mr. Rideout served as the Division Vice President of Operations and Supply Chain for Aerospace and Power. Prior to joining AMETEK, Mr. Rideout held roles of increasing responsibility with Thermo Fisher Scientific and Danaher Corporation.

Mr. Rideout holds a Bachelor of Science degree in Business Administration from the University of New Hampshire.

Corporate Profile
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.      

Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247

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SOURCE AMETEK, Inc.

FAQ

Who is the new Vice President of Strategic Procurement at AMETEK (AME)?

Rob Rideout Jr. has been appointed as the new Vice President of Strategic Procurement at AMETEK (NYSE: AME).

What was Rob Rideout Jr.'s previous role at AMETEK (AME)?

Prior to his new appointment, Rob Rideout Jr. served as the Division Vice President of Operations and Supply Chain for Aerospace and Power at AMETEK.

What is AMETEK's (AME) annual sales figure?

AMETEK (NYSE: AME) reports annual sales of approximately $7.0 billion.

What are the four growth strategies in AMETEK's (AME) Growth Model?

AMETEK's Growth Model includes Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions.