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TheStreet Open House

Landauer Appoints Michael Burke As Chief Financial Officer

Stocks in this article: LDR





GLENWOOD, Ill., Dec. 22, 2011 /PRNewswire/ -- Landauer, Inc. (NYSE:LDR) today announced that its Board of Directors has appointed Michael Burke as the Company's Senior Vice President and Chief Financial Officer, effective January 3, 2012.

"We are excited to have an executive of Michael's stature and experience join our management team as the Landauer business continues to evolve. He has a deep understanding of the medical industry, having served as both a public company CFO to a med-tech company and as vice chair of the board of a large academic medical center.  He brings a wide breadth of experience in strategic planning, acquisition integration and banking, and this mix of capabilities and experience is ideally suited for the next phase of the company's growth. Michael will be instrumental in helping to shape our strategic growth initiatives going forward," said Bill Saxelby, President and Chief Executive Officer of Landauer, Inc.

Mr. Burke brings nearly 30 years experience in finance, accounting, banking and strategic transaction activities.  Most recently, Mr. Burke served as the Senior Vice President and Chief Financial Officer of Albany International Corp., a global NYSE-listed company involved with advanced textiles and materials processing. Prior to that, he was Executive Vice President and Chief Financial Officer of Intermagnetics General Corporation, a NASDAQ-listed company and a leader in the Magnetic Resonance Imaging market.  While at Intermagnetics, the market capitalization of the company more than doubled to over $900 million, culminating in its sale to Koninkliijke Philips Electronics for approximately $1.3 billion. While working at Albany and Intermagnetics, Mr. Burke provided leadership in strategic planning as well as the evaluation, structuring and, importantly, the integration of all M&A and joint venture transactions. Prior to Intermagnetics, he was Executive Vice President and Chief Financial Officer of HbT, Inc., a privately held power technology company. Adding to this breadth of experience, Mr. Burke spent nearly 20 years in the banking industry, as a Managing Director within the U.S. Investment Banking department of CIBC World Markets, and as a Director at Barclays Capital as head of their US Infrastructure Finance team, and as a Vice President based in London with the firm's Acquisition Finance Group.

"I am very excited to be joining the company at this stage of its history and believe my broad based corporate finance and operational leadership skills fit together well with the strong leadership team already in place at the company," Mr. Burke said.  "This is an exhilarating time to be joining the company as we successfully execute the plans for long-term growth in shareholder value," he added.

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