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Columbus McKinnon Announces Liam McCarthy’s Retirement from Board of Directors

Published: 2023-01-26 21:15:00 ET

BUFFALO, N.Y.--(BUSINESS WIRE)-- Columbus McKinnon Corporation (the “Company”) (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that Liam McCarthy has retired as a member of its Board of Directors (the “Board”) effective January 21, 2023, for family and personal reasons.

Richard H. Fleming, Chairman of the Board, commented, "Liam has been a valuable member of our Board for over 14 years. His strong operating background and his global perspective contributed mightily to the advancement of the Company over those years. On behalf of the Board of Directors, I wish to thank Liam for his service and commitment to Columbus McKinnon and we wish him all the best in the future."

Mr. McCarthy was appointed a Director of the Company in November 2008. He most recently served as the Chair for the Compensation and Succession Committee and as a member of the Audit Committee. Following Mr. McCarthy’s retirement, the Board will be comprised of ten members, nine of which are independent and four of which are diverse.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.columbusmckinnon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005891/en/

Gregory P. Rustowicz Executive Vice President - Finance and CFO Columbus McKinnon Corporation 716-689-5442 greg.rustowicz@cmworks.com

Investor Relations: Deborah K. PawlowskiKei Advisors LLC 716-843-3908 dpawlowski@keiadvisors.com

Source: Columbus McKinnon Corporation

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.