Feb. 22, 2007 - Ellison Technologies has announced a change to its executive suite and a new ownership mix as the culmination of a two-year transition plan. Founding partners and executive committee members Don Bendix, Klaus Rindt and Len Atkins officially retired at the close of 2006. Veteran Ellison executives Tim Kilty, Graham Hooper, and Kent Lorenz have formally assumed all executive committee responsibilities.
The fourth founding partner, CEO Jim Ellison, will remain as chairman and CEO.The make-up of the executive committee supports the continuity of Ellison's management culture as the company incorporates new partners, Mitsui USA and Mori Seiki, into its ownership structure. Mitsui USA, a diversified trading and investment firm, has more than 100 subsidiaries and affiliated companies across the manufacturing, research and financial sectors. Mori Seiki, with whom Ellison announced an exclusive distribution agreement last spring, is the world's leading developer of advanced machine tool systems."
Our partnership with Mori Seiki has allowed us to offer our customers a wider range of services, increase our investment in engineering innovation and continue to support our growing customer base," said Jim Ellison. "Our new relationship with Mitsui will be just as mutually advantageous. Ellison will provide Mitsui new supply and distribution channels while Mitsui's financial strength will support Ellison's aggressive growth strategy and continued strength in the market." Ellison Technologies is a provider of advanced manufacturing solutions to North American metal-cutting manufacturers and their global affiliates. As a family of companies we are committed to the survival and growth of the American manufacturing industry.
Independent offices provide us a local market focus and the flexibility to advocate the needs of each of our valued customers.
