MILWAUKEE — Actuant Corporation announced Friday that Rick Dillon will join the company effective Dec. 5 and become the executive vice president and chief financial officer of Actuant effective Dec. 22. Dillon is currently executive vice president and chief financial officer of Century Aluminum Co.
"We are extremely pleased to have a person of Rick's caliber and talent joining Actuant," said Randy Baker, President and chief executive officer of Actuant. "I worked with him for a number years at Joy Global Inc. and believe his skills and experience will be a real asset as we work together to implement the company's strategic growth plan."
Andrew Lampereur, the company’s current executive vice president and chief financial officer will remain in his position through the first quarter earnings announcement on Dec. 21, and thereafter will provide ongoing consulting support.
"Actuant is fortunate to have had a CFO of Andy's ability from its formation in the 2000 spin-off," said Robert Peterson, Actuant’s Chairman of the Board. "Andy’s many accomplishments, most notably building robust financial processes focused on cash flow, are a major reason behind the Company's success. He created a world-class global finance organization, including the founding of a finance management development program, to bring young talent into the Company. He has been a valued asset to the Board and management team, and we sincerely thank Andy for his passion, commitment and efforts on behalf of Actuant."
Mr. Dillon has been executive vice president and chief financial officer of Century Aluminum Co. since 2014. During his tenure at Joy Global Inc. (2009-2014), Dillon served as vice president-finance global surface mining group and vice President-Controller and Chief Accounting Officer. Prior to Joy he served as Vice President-Business Planning and analysis and vice president-Controller and chief accounting officer at Newell Brands, and vice president-controller and chief accounting officer at Briggs & Stratton Corporation. Dillon began his career at Arthur Andersen LLP.
The company also announced Friday that Robert Arzbaecher and Thomas Fischer will not stand for re-election as directors and will retire from Actuant’s board of directors when their current term ends at the next annual shareholders’ meeting on January 17.