CAMBRIDGE, ON - Nov. 19, 2007 - ATS Automation Tooling Systems Inc. announced today that Anthony Caputo has been appointed as Chief Executive Officer. Mr. Caputo is an experienced senior executive and brings to the Company a solid track record of over 25 years of delivering performance, growth and value creation in technology, manufacturing and service environments.
Most recently Mr. Caputo served as Corporate Vice-President and President and COO of L-3 Communications and prior to that as President and CEO of Spar Aerospace. Mr. Caputo holds a Bachelor of Technology in Engineering from Ryerson University and a Master of Science in Organizational Development from Pepperdine University. Neil Arnold, Chairman of the Board of Directors, stated, "Retaining a permanent CEO has been a top priority of the new board of directors and we are delighted to have found somebody of Anthony's talent and experience to join us.
Anthony has a proven record of delivering performance and enhancing shareholder value and we are confident that he will bring to ATS the leadership and focus that it needs to move forward in delivering value to its stakeholders." "ATS is a recognized market leader with unrealized potential. It has great customers, technology and people. It also has some problems that will be addressed," commented Mr. Caputo.
"I am grateful for the opportunity to lead ATS and excited by its prospects." Mr. Caputo assumes leadership of ATS effective immediately, replacing John K. Bell who has acted as interim Chief Executive Officer since the new board of directors was elected on September 13, 2007. "On behalf of the board, I would like to thank John for his leadership during this critical transition period," said Mr.
Arnold.
About ATS
ATS Automation Tooling Systems Inc. provides innovative, custom designed, built and installed manufacturing solutions to many of the world's most successful companies. Founded in 1978, ATS uses its industry-leading knowledge and global capabilities to serve the sophisticated automation systems' needs of multinational customers in industries such as healthcare, computer/electronics, automotive and consumer products. It also leverages its many years of repetitive manufacturing experience and skills to fulfill the specialized repetitive equipment manufacturing requirements of customers. Through its Photowatt solar business, ATS participates in the growing solar energy industry and through its precision components business it produces, in high volume, precision components and subassemblies.
ATS employs approximately 3,600 people at 24 manufacturing facilities in Canada, the United States, Europe, southeast Asia and China. The Company's shares are traded on the Toronto Stock Exchange under the symbol ATA.
