Colfax (CFX) Promotes Steven Simms to CEO; Kiefaber to Assume CEO of ESAB Business

Article Stock Quotes (1) Comments (0)

Colfax Corporation (NYSE: CFX), reports that Board member Steven E. Simms has been named Chief Executive Officer. Clay Kiefaber, who has been serving as President and Chief Executive Officer, has been named Chief Executive Officer of Colfax's $2 billion ESAB business, which it recently acquired in the acquisition of Charter International. The Charter transaction, which closed in January 2012, increased Colfax's total revenues nearly six-fold from approximately $700 million to $4 billion. Kiefaber will also be an Executive Vice President of Colfax and will continue to serve as a Colfax director.

Before joining Colfax as President and CEO in 2010‚ Kiefaber spent nearly 20 years in executive positions at Masco Corporation. Most recently‚ he was a Group President‚ responsible for a $2.8 billion group of architectural coatings‚ windows‚ and spa business units. Previously, he was Group Vice President of Masco Builder Cabinet Group.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• JPMorgan (JPM) Shareholders Support Dimon in Dual Role
• KeyCorp (KEY) Taps Huntington's (HBAN) Kinble as CFO
• Halozyme (HALO) Names David Ramsay as CFO

Create E-mail Alert Related Categories

Management Changes

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?