This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

John H. Batten Elected Chief Executive Officer; Michael E. Batten Named Non-Executive Chairman

Twin Disc, Inc. (NASDAQ: TWIN), today announced that the Board of Directors of Twin Disc, Incorporated has elected John H. Batten, 47, to the position of President – Chief Executive Officer of the Company effective November 1, 2013. Michael E. Batten, 73, will retire from the employment of the Company effective December 31, 2013 and continue to serve as non-executive Chairman of the Board of Directors.

Speaking on behalf of the Board, Michael E. Batten, Chairman – CEO, stated, “The succession plan that has been in effect for several years has developed a strong, experienced and stable leadership team that will take the Company to new levels of achievement in the years ahead. The Board and I are confident that John and his team will continue to expand global revenues aggressively and to enhance shareholder value through the implementation of their solid strategic plan focusing on innovation, product/market differentiation and geographic diversity.”

John H. Batten joined Twin Disc in 1996 as an application engineer and in 1998 was named Commercial Manager – Marine Propulsion. He was elected Vice President – General Manager Marine & Propulsion in 2001 and a Director of Twin Disc in 2002. He became Executive Vice President – European Manufacturing & Marine and Propulsion Marketing in 2004. In 2008 he was promoted to the position of President – Chief Operating Officer.

John Batten earned a BA degree in History from Yale University in 1988, a BS degree in Mechanical Engineering from the University of Colorado – Boulder in 1996 and completed the Harvard Business School Advanced Management Program in 2004.

Michael E. Batten joined Twin Disc in 1970 and held the positions of Subsidiary Controller and Vice President – Secretary until he was named Executive Vice President 1976. He was elected President - CEO in 1983 during the depths of the OPEC recession at which time he oversaw a significant restructuring of the Company. Since then he has led a strategic redirection of Twin Disc, through internal product development and acquisitions, away from reliance primarily on the construction equipment industry to a more diversified and balanced mix of business in the marine, oil and gas and industrial markets. Today the Company holds a #1 or #2 position in each of its served markets and consistently generates over half of its sales outside the United States. During his tenure, Mr. Batten has focused on developing a strong successor management team that is committed to creating long-term shareholder value.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs