Friday, Ladish Co. Inc. (LDSH) announced the retirement of Kerry Woody as President and chief executive officer. Woody has led Ladish since 1995. He previously served as Ladish Vice President of manufacturing and various other positions in the production, planning and engineering disciplines.
The company's board named Gary Vroman to the position of President and chief executive officer and a Director of Ladish succeeding Woody. Vroman was formerly President of Ladish Forging, the operating subsidiary of Ladish and has been in various management roles at Ladish for over 25 years. The board also appointed Wayne Larsen, currently Vice President Law/Finance of Ladish, to the Board.
Ladish Co. Inc. engages in the engineering, production, and marketing of forged and cast metal components for various load-bearing and fatigue-resisting applications in the jet engine, aerospace, and industrial markets. It offers jet engine parts, missile components, landing gear, helicopter rotors, and other aerospace products.
LDSH closed Friday's regular trading at $14.81, down $0.90 or 5.73%, on a volume of 78,509 shares on the Nasdaq. In the after hours, the stock is up $0.24 or 1.61%, trading at $15.05.
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