Ducommun Names Doug Groves Chief Financial Officer and Kevin Wright Vice President of Strategy and Business Development
By Business Wire News
By Business Wire News
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that Douglas L. Groves, a member of the Company’s executive leadership team, has been named vice president, chief financial officer, and treasurer effective January 1, 2016 succeeding Joseph P. Bellino, who retired at the end of 2015 as part of a succession plan previously announced. Mr. Groves reports to Anthony J. Reardon, chairman and chief executive officer. In addition, Kevin J. Wright has been appointed vice president of strategy and business development for Ducommun AeroStructures and Ducommun LaBarge Technologies, a newly created position in which he will lead Ducommun’s corporate business development activities including sales, marketing, and mergers and acquisitions. He reports to Joel H. Benkie, president and chief operating officer.
“Doug and Kevin are accomplished and talented executives who are outstanding additions to Ducommun’s senior leadership team. Ducommun will benefit from their insight and acumen, earned over lengthy and successful careers focused on driving higher operating performance and profitable growth,” said Anthony J. Reardon, chairman and chief executive officer.
Mr. Groves joined Ducommun in January 2013 as vice president of accounting and moved into the vice president, controller and chief accounting officer role later that year. He has more than 25 years of management experience in finance, accounting, audit, and information technology within a global manufacturing environment. He joined Ducommun from Beckman Coulter, Inc., where he served as corporate vice president and chief information officer after holding a series of progressively responsible finance and accounting management positions, including vice president of finance for the North American operations. Mr. Groves has an MBA from the University of Southern California and a bachelor’s degree from California State University at Long Beach.
Mr. Wright joins Ducommun with more than 30 years of experience spearheading market-driven growth strategies. Most recently, he served as senior vice president of strategy, sales and marketing at Meggitt Control Systems. Prior to that he held leadership positions in strategic business development at Crane Aerospace and SITA. Mr. Wright received his bachelor’s degree in electrical and electronics engineering from the University of Nottingham, U.K.
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.
Douglas L. Groves, 310-513-7200
Vice President, Treasurer and Chief Financial Officer
Chris Witty, 646-438-9385