Columbus McKinnon Appoints Chris J. Stephens Jr. to Board

By Tamara Parker • Monday, March 18 10:14 • Permanent Link

Columbus McKinnon Corporation (NASDAQ: CMCO) has announced the appointment of Chris J. Stephens Jr. to its board of directors, effective immediately. Stephens, who brings 35 years of experience in financial and operational leadership, will also serve as a member of the audit committee and human capital, compensation, and succession committee.

Stephens most recently served as the senior vice president and chief financial officer of Sealed Air Corporation and previously held the same role at Barnes Group. His extensive experience includes driving strategic transformation to deliver growth and operating leverage. Stephens has also held various finance leadership roles at Boeing and Honeywell.

In connection with Stephens’ appointment, the Columbus McKinnon board now consists of nine members, including eight independent members.

David Wilson, President and CEO of Columbus McKinnon, expressed his pleasure at adding Stephens’ skills and experience to the talented board as the company continues to execute its transformation and growth strategy. Wilson highlighted Stephens’ deep and proven track record of executing business transformations and growing businesses both organically and through M&A in attractive end markets.

Stephens expressed his enthusiasm about partnering with David and the board to support the advancement of Columbus McKinnon’s strategy, noting the company's progress in leveraging its proven playbook for growth and delivering operating efficiency and margin expansion.

Columbus McKinnon is a leading worldwide designer, manufacturer, and marketer of intelligent motion solutions, focusing on commercial and industrial applications that require safety and quality provided by its superior design and engineering know-how.

Chris J. Stephens Jr.'s appointment brings a wealth of experience to the Columbus McKinnon board, and his expertise in financial and operational leadership is expected to further enhance the company's strategic agenda and financial goals. Today the company's shares have moved -0.2% to a price of $41.65. For more information, read the company's full 8-K submission here.

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