Business
Columbus McKinnon Appoints Michael Dastoor to Board of Directors
BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":" BUFFALO, N.Y.--(BUSINESS WIRE)--\nColumbus McKinnon Corporation (Nasdaq: CMCO) (the “Company” or “Columbus McKinnon”), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the election of Michael Dastoor, Executive Vice President and Chief Financial Officer of Jabil Inc. (NYSE: JBL), to its Board of Directors, effective May 17, 2021. The addition of Mr. Dastoor as an independent director, brings Columbus McKinnon’s Board to nine directors of which eight are independent and two are women. During the last four years, the Board has substantially increased its geographic, experience, skills, age, gender and ethnic diversity. Mr. Dastoor will serve on the Audit Committee and the Compensation and Succession Committee.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210518005951/en/New Director: Michael Dastoor (Photo: Business Wire)\nRichard H. Fleming, Chairman of the Board, commented “We are thrilled to welcome Mike Dastoor to our Board. Mike’s financial executive leadership skills and strategic insights will add a valuable perspective to our talented Board and help advance our Blueprint for Growth 2.0 strategy.”\n\nKathryn V. Roedel, Chair of the Governance and Nomination Committee, noted, “We are very excited to have Mike join us on Columbus McKinnon’s Board of Directors. His background aligns perfectly with our succession planning needs. Further, we believe that his financial expertise, global manufacturing experience, and strategic skills, combined with his having lived and worked in eight countries, enhances the growth acumen and financial depth of our Board.”\n\nMr. Dastoor brings to the Board nearly 35 years of global experience as a financial leader for the engineering services, electronics manufacturing and automotive industries. He was appointed Executive Vice President and Chief Financial Officer of Jabil Inc., a global manufacturing services company, in September 2018, after having served as Senior Vice President and Controller from 2010 and as Controller from 2004 to 2010. He joined the company as regional controller of Asia Pacific in 2000. Previously, he worked for 7 years as Regional Chief Financial Officer at Inchape plc (LSE: INCH), a British multinational automotive distribution, retail and services...