For Immediate Release
Lewis H. Stanton Completes Mission as Interim CEO of Hydra-Electric Company
Board of Directors acknowledges the achievements of Interim CEO’s 15-month tenure.
Burbank, CA – July 14, 2015 —The board of directors of Hydra-Electric Company, a trusted provider of breakthrough sensing technology for the aerospace industry, acknowledged the accomplishments of Lewis Stanton, who successfully completed his engagement as interim chief executive officer on July 6. David E. Schmidt became the new permanent CEO as separately announced.
In March 2014, the board appointed Lewis Stanton to lead the Company as interim CEO. “The Board recognizes the many accomplishments that Lewis Stanton and Stanton Associates LLC have delivered during Lewis’s tenure as interim CEO,” said Greg Chiampou, board member. “In approximately 15 months, Lewis has improved the financial performance of Hydra-Electric, guided the Company to win new business, introduced a performance management system, strengthened the management team, and emphasized a culture that’s business and customer centric. Lewis also oversaw the implementation of an integrated marketing plan, raising Hydra-Electric’s awareness in the marketplace.”
“It was my privilege to serve Hydra-Electric, which has such a longstanding reputation as a pioneer and innovator in the aerospace industry,” said Stanton. “Working alongside a talented management team, and with the strong support of the board, a lot was achieved in a short period.”
Lewis Stanton will resume his role as Managing Partner of Stanton Associates LLC, a management consulting firm that applies deep functional expertise in sales, marketing and finance to drive profitable growth for mid-sized companies. Prior to forming Stanton Associates, he was a several-time CEO, as well as a former COO/CFO of a public company.
Hydra-Electric is a trusted provider of reliable technology in sensors and switches in the aerospace industry. Its proven solutions include: pressure, temperature and multi-function sensors; and pressure, temperature and liquid flow switches. Hydra’s high performance sensing technologies are able to address problems which were previously thought to be unsolvable, including: pressure-spike damage, pump ripple, high-speed impulses, burst diaphragms, and broken wire bonds to name a few.
The Company has been an innovator in the aerospace industry since 1948 when it introduced the Negative Rate Disc Spring design that remains the global standard today for aerospace pressure switches. Hydra-Electric’s products are found in demanding military and commercial applications, including fixed and rotary wing aircraft, missiles, space launch platforms, ships and submarines, armored vehicles and UCAVs.
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Stanton Associates LLC Adds Larry Johnson to Lead Food & Beverage Industry Practice
Larry Johnson brings proven ability to grow top and bottom lines for food and beverage companies
LOS ANGELES, August 22, 2013 – Stanton Associates LLC, a management consulting firm working with middle market companies to unlock and grow enterprise value, announced the addition of Larry Johnson, who will head up the firm’s Food & Beverage industry practice. Enlisting the leadership of Mr. Johnson expands Stanton Associates’ team of former business operators bringing deep functional and industry expertise to its clients.
“We are fortunate to have Larry as part of our team,” said Lewis Stanton, Managing Partner of the firm. “His experience running food companies, combined with his investment banking knowledge, make him especially effective at growing enterprise value for our clients.”
Mr. Johnson will work with Stanton Associates’ food and beverage clients to drive profitable growth , with a focus on sales, channel strategy, branding and direct marketing, as well as profitability analytics and other initiatives.
“Growing food and beverage companies and creating significant value for their shareholders is what I love to do,” Mr. Johnson said. “I am excited by the deeper capabilities and resources of Stanton Associates, which will enable me to deliver even greater value to my clients.”
Larry Johnson brings with him extensive expertise in the food industry as founder and CEO of a specialty food products company. He has served as advisor to numerous food-related enterprises where he’s helped to expand distribution, build brand awareness and drive double-digit sales growth. As President of Passage Foods Group, LLC, the U.S. marketing and sales arm of Australia-based Passage Foods, he was instrumental in helping to establish the company’s branded retail line of cooking sauces in some of the nation’s largest supermarket chains.
Johnson also has over thirty years of management consulting and advisory experience. He was formerly co-head of the Price Waterhouse Corporate Finance National Private Placement Group, as well as a Managing Director at Deloitte Touche in their West Coast Corporate Finance practice. He most recently served as Managing Director of Diamond Capital Advisors where he worked on buy and sell-side transactions with specific focus in the food & beverage and consumer products industries.
Mr. Johnson received his M.B.A. from Columbia University and his B.S. from Boston College. He is active in Rotary International and serves on the board of Wells Bring Hope, a not-for-profit organization focused on drilling water wells for the impoverished villages in West Africa.
About Stanton Associates LLC
Stanton Associates works with CEOs to unlock and increase the value of their businesses. As former business operators, its professionals bring deep functional expertise in sales, marketing and finance to drive profitable growth. In addition to its Food & Beverage practice, the firm has other vertical practices in a number of different industries. www.stantonassoc.com
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