ATS CEO to Leave Role Next Year
CAMBRIDGE, ON - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company") today announced that Anthony Caputo, the Chief Executive Officer of the Company, will be leaving the Company in February, 2017.
In connection with this, Mr. Caputo and the Company have entered into a transition agreement that, among other things, provides for continuity, an orderly transition of leadership, and that Mr. Caputo may leave earlier if a transition is completed. Mr. Caputo will remain on the Board of Directors of ATS throughout the transition. ATS will initiate a thorough search and selection process for a successor suitable to lead the Company as it continues to realize on its growth and value creation ambitions.
Mr. David McAusland, the Chairman of the Board, commented, "On behalf of the Board of Directors, I would like to thank Anthony for his contribution towards building ATS's industry leadership. Anthony and the Board will work together through the transition period to ensure that ATS continues its strategy to grow as a provider of enabling manufacturing solutions for customers across many industries."
Mr. Anthony Caputo stated, "It has been a privilege to help build this world-class company with a great team. ATS is a global leader with Fortune 500 customers and extremely talented and committed employees. ATS is well positioned to continue to execute on its growth and value creation strategy."
ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 3,500 people at 24 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China.
Maria Perrella, Chief Financial Officer