Davis-Standard appoints new CEO

US machinery company Davis-Standard, a portfolio company of private equity firm Gamut Capital Management, has appointed a new CEO, ie Giovanni Spitale, who has replaced Jim Murphy since Jim has been elected as Vice Chairman of the Davis-Standard Board of Directors.

Spitale previously was Vice president of Commercial Parts within Boeing Global Services. In this role, Spitale had full responsibility for the profit and loss management, and strategic direction of Boeing’s US$4 billion portfolio of commercial aircraft and engine parts businesses. Prior to his tenure at Boeing, Spitale was President of Customer Service and Support at plastics machinery company Milacron.

Spitale said, “I am extremely excited to join the Davis-Standard organisation. “Having spent considerable time in the polymer processing and broader capital equipment industries, I have long admired Davis-Standard’s leading position in the market, its unmatched engineering capability and the company’s reputation as a strong partner to its customers through both original equipment and aftermarket support. I look forward to working with the Davis-Standard organization to continue to grow the business globally and support our world-class base of customers with differentiated product offerings and services.”

Murphy stated, “I want to thank the entire Davis-Standard organisation for the many years of strong performance that we have collectively executed upon under my tenure as CEO. I am thrilled to continue to serve the company as Vice Chairman of the Board of Directors and look forward to collaborating with Giovanni alongside the broader Board of Directors in this next and very exciting phase of Davis-Standard’s long history.”

In addition, Davis-Standard has elected several individuals as members of its Board of Directors, including Brian Marston, Bill Barker and John McGrath, each of whom have significant experience within Davis-Standard’s markets.

Alongside Spitale and Murphy, the Davis-Standard Board of Directors includes Dan Guthrie, COO of Davis-Standard, representatives from controlling shareholder Gamut Capital Management, as well as Brian Marston, Bill Barker and John McGrath.

Marston is currently President/CEO of machinery firm Uniloy and was previously President of the Blow Molding and Extrusion businesses of Milacron. Barker was previously the President/CEO of hot runner/mould maker Mold-Masters. McGrath was previously the CEO of Pactiv Evergreen.

Founded in 1848 and headquartered in Pawcatuck, CT, Davis-Standard develop[s extrusion and converting technology, with over 11 product lines to support manufacturing applications and customers in a wide variety of industries, including automotive, building & construction, consumer products, medical and packaging.

With more than 1,400 employees worldwide and a network of independent sales agents and suppliers in nearly every country, Davis-Standard has manufacturing and technical facilities in the US, Canada, China, Germany, Finland, Switzerland and the UK.

(PRA)

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