SOURCE: Woodward, Inc.

Woodward, Inc.

October 03, 2011 18:00 ET

Woodward Establishes the Office of the Chairman

FORT COLLINS, CO--(Marketwire - Oct 3, 2011) - Woodward, Inc. (NASDAQ: WWD) today announced that it established the Office of the Chairman to oversee Woodward's global strategic direction focused on the aerospace and energy markets. The Office of the Chairman is comprised of Thomas A. Gendron, Chairman and Chief Executive Officer and Robert F. Weber, Jr., Chief Financial Officer and Treasurer. In conjunction with the creation of this new office, Mr. Weber was also designated as Vice Chairman.

The Officers of the company will continue to report to Mr. Gendron and remain responsible for all strategic and operational activities of their respective groups.

"In the six years since Bob has joined the company, he has played an increasingly important part in strategy development and assisting me with corporate initiatives," said Mr. Gendron, Chairman and Chief Executive Officer. "I am looking forward to managing the businesses through this new structure and am certain that this change will benefit Woodward as we focus on our strategic initiatives," continued Mr. Gendron.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.

The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2010 and any subsequently filed Quarterly Report on Form 10-Q.

Contact Information

  • CONTACT:
    Rose Briani-Burden
    Business Communications
    815-639-6282

    Woodward, Inc.
    1000 East Drake Road
    Fort Collins, Colorado 80525, USA
    Tel: 970-482-5811
    Fax: 970-498-3058