Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that its board has appointed Richard A. Baldridge and Gregory S. Churchill as directors of the Company, effective immediately, and, accordingly, they will stand for election at the Company’s annual shareholders’ meeting on May 1, 2013.
Mr. Baldridge is currently president and chief operating officer of ViaSat, Inc. (NASDAQ: VSAT), a leading provider of satellite communications products and services and secure networking systems. He joined ViaSat as the company’s chief financial officer in 1999 and has served in his current position since 2003. In addition, Baldridge previously held senior-level finance and operations positions at Hughes Information Systems, Lockheed, and General Dynamics.
Mr. Churchill recently retired as executive vice president of International and Service Solutions for Rockwell Collins, Inc. (NYSE: COL), which designs communications systems and aviation electronics for commercial and military customers worldwide. He joined Rockwell Collins in 1980 and, during his 32-year career with the company, held a series of increasingly responsible senior-level positions within operations and business development including chief operating officer of Rockwell’s Government Systems business.
“I’m delighted to welcome Rick and Greg to our board – both of whom have built successful careers at leading corporations within the aerospace and electronics sectors,” said Anthony J. Reardon, chairman, president, and chief executive officer. “Rick’s strong background in finance and experience in developing growth-oriented businesses make him an excellent fit for Ducommun, as does his strategic outlook and entrepreneurial spirit. Greg, likewise, is a seasoned operations executive with in-depth knowledge of the aerospace and defense industry, and his background across a variety of disciplines and extensive leadership experience will make him an asset right from the start. We are fortunate to have such esteemed individuals join us at this pivotal time in our growth.”About Ducommun Incorporated Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace, defense, and other industries through a wide spectrum of electronic and structural applications. The company is an established supplier of critical components and assemblies for commercial aircraft and military and space vehicles as well as for the energy market, medical field, and industrial automation. It operates through two primary business units – Ducommun AeroStructures (DAS) and Ducommun LaBarge Technologies (DLT). Additional information can be found at www.ducommun.com. Statements contained in this press release regarding other than recitation of historical facts are forward-looking statements. These statements are identified by words such as “may,” “will,” “ begin,” “ look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”, “potential,” “estimate,” “continue,” “momentum” and other words referring to events to occur in the future. These statements reflect the Company’s current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including, but not limited to, the state of the world financial, credit, commodities and stock markets, and uncertainties regarding the Company, its businesses and the industries in which it operates, which are described in the Company’s filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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