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Steven Simms Appointed As Chief EXecutive Officer At Colfax Corp- Quick Facts

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4/23/2012 7:23 AM ET

Colfax Corporation (CFX: Quote) Monday announced that Steven E. Simms has been appointed as the Chief Executive Officer of the company with immediate effect.

Steven Simms will succeed Clay Kiefaber, who has been named as the new CEO of Colfax's ESAB business, which was recently acquired by the company in the Charter International transaction.

Simms has more than 20 years of senior executive experience at leading global corporations. He spent 11 years from 1996 to 2007 in increasingly senior positions at Danaher, a Fortune 200 science and technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers.

Mitchell P. Rales, Chairman of the Board of Colfax, said, "Steve Simms is a world-class executive, and we are thrilled that he has agreed to join Colfax on a full-time basis at this critical stage in the Company's growth and strategic development. Steve has deep international, strategic and operational experience, as well as a strong track record of successfully integrating acquisitions and increasing profitability, making him the ideal leader for Colfax at this inflection point in the company's size and complexity. .."

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by RTT Staff Writer

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