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SP Industries Announces Appointment of Corporate Executive Vice President
June 14, 2010 Warminster, PA
I am pleased to announce that Bill Downs has accepted the position of Corporate Executive Vice President and Senior Vice President and General Manager of SP Scientific. Bill joined SP on May 17, 2010 and will report directly to me.
Bill is uniquely qualified for this important role at SP. He has been President and CEO of Stock Equipment Company for the last 10 years. Stock Equipment provides custom designed material handling equipment for the power and mining industries. Bill also was the Vice President of the global power business segment for Stocks parent company, Schenck Process GmbH, where he led the sales initiatives across 29 countries for Schenck. Prior to leading the Stock business, Bill held positions of increasing responsibility in engineering with Stock beginning in 1986. Bill earned his M.B.A. from Cleveland State University and holds a Bachelor of Science degree in electronic engineering from the University of Akron. He has extensive experience in leading a global business, especially in China and other parts of Asia.
Bill and the leadership team at Stock grew the business from a $30 million business in revenue to approximately $100 million today through global market development, new product initiatives and acquisitions.
We welcome Bill to the SP team and look forward to the leadership and experience that he will bring to our company.
Charles L. Grant
Chairman, President & CEO