PORTLAND, Ore., March 28, 2012 /PRNewswire/ -- Blount International, Inc. (NYSE: BLT) ("Blount" or the "Company") today announced that its Board of Directors (the "Board") has elected Ms. Nelda J. Connors, as a Director, effective March 26, 2012. Ms. Connors' appointment fills the vacancy created by the departure of Mr. R. Eugene Cartledge, who retired from the Board on November 4, 2011.
Ms. Connors, 46, is currently Chairwoman and Founder of Pine Grove Holdings, LLC, based in Chicago, Illinois, and is a Director of Boston Scientific Corporation. She served as President and CEO of Atkore International (formerly the Electrical and Metal Products segment of Tyco International from 2008 to 2011. Previously, she served as Vice President at Eaton Corporation, holding several positions in operations, continuous improvement, and general management. Prior to Eaton, Ms. Connors was employed in a number of executive and management capacities in the automotive industry. Her work over 25 years has involved responsibilities in the U.S., Europe, and Asia.
Josh Collins, Chairman and Chief Executive Officer of Blount, stated, "We are extremely pleased to have Nelda Connors join our Board of Directors. She brings a wealth of knowledge and experience, especially in the areas of execution and operational excellence. Nelda's extensive background in manufacturing, operations, and continuous improvement complements that of our other board members. We look forward to her contributions in the coming years as we focus on profitably growing our global business across our existing segments."
Additionally, effective March 26, 2012, Blount's Board of Directors increased the number of Directors to nine from eight. With the recommendation and nomination by the Nominating & Corporate Governance Committee, the Board elected Mr. David A. Willmott, currently Blount's President and Chief Operating Officer, as a Director to fill the newly created ninth Board position."Since joining Blount in 2009, David has played a major role in setting our new strategy, repositioning our business portfolio, and overseeing the implementation of major initiatives and the general management of the Company," stated Mr. Collins. "The Board will benefit greatly from David's experience, knowledge, and sound judgment."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts