SCHAUMBURG, Ill.–(BUSINESS WIRE)–May 28, 2015–Sparton Corporation (NYSE:SPA) announced today that Joseph T. Schneider has been appointed as the Company’s Senior Vice President, Sales and Marketing as of May 26, 2015.
Mr. Schneider most recently served as Vice President/General Manager of a business unit within Siemens Healthcare Diagnostics Division and brings over 25 years of business experience with increasing responsibility as a general management executive. He has a successful track record driving revenue and profitability across several diverse business units within the Siemens business segments of Healthcare, Industrial, and Energy & Automation.
Prior to Mr. Schneider’s most recent role, he served as Director, Sales and Marketing of Siemens Industry Mechanical Drives Division and as Operations Manager and Director of Sales for Siemens Energy and Automation Industrial Services Division.
Mr. Schneider has an MBA in Operations Management from Illinois Institute of Technology (Chicago, IL) and a BS in Industrial Engineering from Iowa State University (Ames, IA).
“We are pleased to welcome Joe to the Company,” said Cary Wood, President and CEO of Sparton. “As Sparton continues to pursue its 2020 Vision, we are constantly evaluating our progress across the business, in particular, the areas of organic growth, acquisitions, manufacturing capability, customer interaction, and organizational development. Joe has held several challenging business leadership assignments at Siemens and excelled in many diverse areas that resulted in exceptional revenue growth and operating performance. In this new senior leadership position reporting into me, Joe will lead our commercial selling organization focused on consistent and synergistic profitable organic growth, strengthening and expanding our customer relationships, and enhancing and diversifying our various revenue streams.”
About Sparton Corporation
Sparton Corporation (NYSE:SPA), now in its 115th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has twelve manufacturing locations and five engineering design centers worldwide. Sparton’s Web site may be accessed at www.sparton.com.
Safe Harbor and Fair Disclosure Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting future results, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in Sparton’s filings with the Securities and Exchange Commission (SEC). The matters discussed in this press release may also involve risks and uncertainties concerning Sparton’s services described in Sparton’s filings with the SEC. In particular, see the risk factors described in Sparton’s most recent Form 10K and Form 10Q. Sparton assumes no obligation to update the forward-looking information contained in this press release.
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