Sun Hydraulics (SNHY) Declares $0.09 Quarterly Dividend; 1.2% Yield

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Go back to Sun Hydraulics (SNHY) Declares $0.09 Quarterly Dividend; 1.2% Yield

Sun Hydraulics (SNHY) CEO Carlson to Step Down; Will Remain Board Member

September 15, 2015 5:17 PM EDT

Sun Hydraulics (NASDAQ: SNHY) President and CEO, Allen J. Carlson, said that he would transition from his role as the Company's President and Chief Executive Officer effective March 31, 2016. In connection with Mr. Carlson's announcement, the Company's Board of Directors named Company Vice Chairman Wolfgang H. Dangel as President and Chief Executive Officer, effective April 1, 2016. Mr. Carlson will remain on the Board of Directors.

Mr. Carlson stated, "As I approached my 65th birthday, after 20 years at Sun, the last 15 as CEO, I advised the Board of my desire to transition from my... More