), a leading name in the machinery sector, has recently announced
changes in its top management. Mr. Robert C. Arzbaecher, who has
been serving the company in the power of Chief Executive Officer
(CEO) and President, has decided to retire, with effect from Jan
2014. However, Mr. Arzbaecher will continue to be the Chairman of
Mr. Arzbaecher took over the position of the CEO as well as
the President of the company when Actuant was spun off in Aug
2000. The company has been performing well since then with a
surge in the market capitalization.
Upon Mr. Arzbaecher's retirement, the present company Chief
Operating Officer (COO), Mr. Mark E. Goldstein, will assume the
responsibilities of CEO. Mr. Goldstein who has already become a
member of the Board will assume the role of the President
Prior to joining Actuant, Mr. Goldstein had served at various
executive levels for over 20 years in the privately-held The
Stanley Works. Mr. Goldstein has been part of the Actuant
management team since 2001, and has worked in various positions.
Currently, he also serves on the board of directors of
Endowed with leadership qualities and experience with the
company, Mr. Goldstein is expected to guide the company's
business to unlock further value. Being an integral part of the
company for such a long time will help Mr. Goldstein to actualize
the company goals, going forward.
Actuant currently carries a Zacks Rank #4 (Sell). Other stocks
worth a watch in the industry include
Alamo Group, Inc.
). While Alamo Group carries a Zacks Rank #1 (Strong Buy), AGCO
Corp. carries a Zacks Rank #2 (Buy).
AGCO CORP (AGCO): Free Stock Analysis Report
ALAMO GROUP INC (ALG): Free Stock Analysis
ACTUANT CORP (ATU): Free Stock Analysis
PALL CORP (PLL): Free Stock Analysis Report
To read this article on Zacks.com click here.