Columbus McKinnon expands board with new director

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CHARLOTTE, N.C. – Columbus McKinnon Corporation (NASDAQ:CMCO), a global designer and manufacturer of intelligent motion solutions, announced today the expansion of its Board of Directors with the appointment of Chris J. Stephens Jr., effective immediately. Stephens, with a 35-year track record in financial and operational leadership, will also join the Audit Committee and Human Capital, Compensation and Succession Committee.

David Wilson, President and CEO of Columbus McKinnon, expressed confidence in Stephens’ ability to contribute to the company’s ongoing transformation and growth strategy, citing his extensive experience in business transformations and growth through mergers and acquisitions (M&A) in various end markets.

Stephens brings a wealth of experience from his most recent role as Senior Vice President and Chief Financial Officer of Sealed Air (NYSE:) Corporation. His previous tenure as SVP and CFO of Barnes Group (NYSE:) also underscored his pivotal role in strategic transformation and operational leverage. His background includes significant positions at Boeing (NYSE:) and Honeywell (NASDAQ:), where he demonstrated his industrial expertise and financial acumen.

In his statement, Stephens shared his enthusiasm for supporting Columbus McKinnon’s strategic efforts to become a leader in intelligent motion solutions, acknowledging the company’s progress in growth and operational efficiency.

With the addition of Stephens, the Columbus McKinnon Board now comprises nine members, including eight independent members. Stephens’ appointment is part of the company’s broader initiative to leverage diverse expertise to enhance its leadership and strategic direction.

Columbus McKinnon specializes in products such as hoists, crane components, precision conveyor systems, rigging tools, and digital power and motion control systems. The company emphasizes safety and quality in its designs and engineering and caters to commercial and industrial applications.

This announcement is based on a press release statement from Columbus McKinnon Corporation.

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