Graham Corporation Announce James R. Lines Appointed Chief Executive Officer
BATAVIA, N.Y.--Graham Corporation (AMEX: GHM), a critical equipment manufacturer for the oil refinery, petrochemical and power industries, announced today that its Board of Directors has appointed James R. Lines to serve as President and Chief Executive Officer effective January 25, 2008.
Mr. Jerald D. Bidlack, Graham's Chairman of the Board commented, "Jim's promotion to Chief Executive Officer reflects the dedication, hard work and strong results he has delivered since taking the helm of Graham's operations. We are confident in his abilities and leadership and believe that he has the right skills and experience to continue to move the Company forward."
Mr. Lines served as the Company's President and Chief Operating Officer since June 14, 2006, and has held a variety of management, engineering and sales positions since joining Graham in May 1984. He holds a Bachelor of Science degree in Aerospace Engineering from the University of Buffalo.
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 71 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. The principal markets for Graham's equipment, sold either as components or complete system solutions, are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham equipment can also be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceuticals, heating, ventilating and air conditioning.
Graham's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be found at its website:
www.graham-mfg.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Graham's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include Graham's ability to successfully execute the contract, that the estimated value of the production contract will be realized, customer preferences and changes in market conditions in the industries in which Graham operates. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
Contacts
Graham Corporation
J. Ronald Hansen, 585-343-2216
Vice President Finance and CFO
rhansen@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
Mr. Jerald D. Bidlack, Graham's Chairman of the Board commented, "Jim's promotion to Chief Executive Officer reflects the dedication, hard work and strong results he has delivered since taking the helm of Graham's operations. We are confident in his abilities and leadership and believe that he has the right skills and experience to continue to move the Company forward."
Mr. Lines served as the Company's President and Chief Operating Officer since June 14, 2006, and has held a variety of management, engineering and sales positions since joining Graham in May 1984. He holds a Bachelor of Science degree in Aerospace Engineering from the University of Buffalo.
ABOUT GRAHAM CORPORATION
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a designer, manufacturer and global supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 71 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. The principal markets for Graham's equipment, sold either as components or complete system solutions, are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham equipment can also be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceuticals, heating, ventilating and air conditioning.
Graham's reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. More information regarding Graham can be found at its website:
www.graham-mfg.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Graham's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include Graham's ability to successfully execute the contract, that the estimated value of the production contract will be realized, customer preferences and changes in market conditions in the industries in which Graham operates. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated.
Contacts
Graham Corporation
J. Ronald Hansen, 585-343-2216
Vice President Finance and CFO
rhansen@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com
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