Goldstein joined Actuant in 2001 and was named COO in 2007. "The Board views this important leadership transition as thoughtful, well planned and soundly executed," Hall observed. "Mark brings to the chief executive role more than 30 years of industry experience and a proven track record of leadership at Actuant. In his six years as COO, he has directed Actuant’s segment operations and played a key role in the portfolio management decisions while simultaneously developing our LEAD (operational excellence and Growth + Innovation) processes. His knowledge of Actuant and the culture is unsurpassed and will be of great value as he leads the Company forward with continued growth."“I am honored to be given the opportunity to lead the tremendous team we’ve assembled at Actuant,” Goldstein said. “We have a strong foundation, time-tested business model, and solid vision in place, and I am extremely excited about our potential to grow our enterprise well into the future. It has been a pleasure to work alongside Bob over the years and I want to thank him for his exceptional leadership.” Background Arzbaecher joined Applied Power, Inc., Actuant’s predecessor, in 1992 and was its Chief Financial Officer at the time of the spin-off in August 2000 at which point he became the first President and CEO of Actuant. Arzbaecher serves on the Board of Directors of CF Industries (NYSE:CF) and Fiduciary Management, Inc. mutual funds. He participates on several not-for-profit boards including the Metropolitan Milwaukee Association of Commerce, First Stage Children’s Theater, Milwaukee School of Engineering and the University of Iowa’s Tippie College of Business. Goldstein joined Actuant in 2001 as President, Gardner Bender. In January, 2003, he was promoted to President, Tools & Supplies Segment and in 2007 he was promoted to Chief Operating Officer. Prior to joining Actuant, he held various executive positions of increasing responsibility during a 22-year career with The Stanley Works, most recently President, North American Hand Tools and President, Door Systems. Mark earned his bachelor’s degree in Economics from the University of Rochester (New York). He is currently a member of the Simon School of Business Executive Advisory Committee and the University of Rochester Midwest Regional Cabinet. Mark serves on the Board of Directors of Pall Corporation (NYSE:PLL).
About ActuantActuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol ATU. For further information on Actuant and its businesses, visit the Company's website at www.actuant.com.