Directorate Change

RNS Number : 8824C

Somero Enterprises Inc.

21 October 2015

 

Somero Enterprises, Inc. ("Somero" or the "Company")

Director appointments

Somero is pleased to announce the appointment of Robert Scheuer (58) to the Company's Board of Directors, effective immediately. Mr. Scheuer will join the Board as a non-executive director and Audit Committee Chairman.

From 1998 to 2014, Mr. Scheuer served in a series of senior executive roles at Dover Corporation (NYSE ticker "DOV") an $8 billion Fortune 500 corporation. Most recently, from 2011 to 2014, Mr. Scheuer was Chief Financial Officer and Vice President Finance of Dover Engineered Systems, a $3.8 billion business segment of Dover Corporation. In this role, Mr. Scheuer provided strategic guidance to the 14 operating company CEOs/CFOs in the segment and directed over 140 global employees in FP&A, budgeting, forecasting, acquisitions, compliance, accounting and reporting. Prior to this role, from 2007 to 2011 Mr. Scheuer served as Chief Financial Officer and Vice President of Finance of Dover Industrial Products, a $2.4 billion business segment of Dover Corporation and from 1998 to 2007 as Chief Financial Officer and Vice President of Finance of Dover Industries, a $1.2 billion business segment of Dover Corporation. Prior to his tenure at Dover Corporation, from 1986 to 1998, Mr. Scheuer served in a variety of leadership roles at Kraft Foods, Inc., most recently as Controller of the Grocery Products Division, a $1.7 billion multi-brand portfolio with 6 major product lines.

Jack Cooney, CEO, commented:

"I am delighted to welcome Bob to the Somero Board as he brings exceptional operational and leadership experience to the group. As Somero continues to advance our commercial plans internationally, it is of significant value for the Board to tap into the perspective of such an experienced business leader that has extensive global experience and a successful track record of executing growth initiatives."

Mr. Scheuer currently holds no other directorships. Save for the declarations above, there is no further information to be disclosed under AIM Rule 17 or schedule 2 paragraph (g) of the AIM Rules for Companies. Enquiries:
Somero Enterprises, Inc.	Tel: [phone]
Jack Cooney, CEO John Yuncza, CFO Howard Hohmann, EVP Sales
Canaccord Genuity Limited	Tel: [phone]
Mark Whitmore Piers Coombs Chris Robinson

 

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