Thursday January 24, 5:20 pm Eastern Time
Press Release
SOURCE: New Brunswick Scientific Co., Inc.
New Brunswick Scientific Appoints Dean Panettieri Vice President of Manufacturing
EDISON, N.J., Jan. 24 /PRNewswire-FirstCall/ -- New Brunswick Scientific Co., Inc. (Nasdaq: NBSC - news), a designer and manufacturer of a wide variety of research equipment and scientific instruments for the life sciences, today announced that Dean M. Panettieri has been named to the position of Vice President of Manufacturing.
Panettieri, 37, brings more than 15 years of comprehensive operational and business experience to the Company. Most recently, he was Vice President of Operations for GretagMacbeth LLC, an analytical instrumentation company, with accountability for all materials, manufacturing and logistical activities as well as full profit-and-loss responsibilities for its service organization. While there, he was instrumental in developing and implementing a worldwide supply chain strategy, as well as Total Quality Management, Just-In-Time and Lean Manufacturing initiatives that led to dramatically improved gross margins, increased inventory turns and reduced warranty expense. Previously, he spent nine years with Medical Laboratory Automation, Inc., rising through a succession of progressively responsible positions until his appointment as Manufacturing Operations Manager in 1994. Prior to joining Medical Laboratory Automation, he was a manufacturing engineer for Matrix Instruments, Inc.
Panettieri earned his Bachelor of Science degree in Industrial Engineering from Columbia University in 1986 and his MBA, Finance/International Business, from New York University in 1991. He has served as Adjunct Professor of Operations Management at Mount Saint Mary College in New York and as an Advisory Member of the Engineering Board of SUNY New Paltz.
James Orcutt, President commented: ``We are extremely pleased that Dean has joined our management team and are confident that his exceptional operational talents, manufacturing acumen and financial awareness will contribute greatly to our continued success. Dean's knowledge of global sourcing and Lean Manufacturing principles will directly impact our strategic growth objectives.''
New Brunswick Scientific Co., Inc., designs and manufactures a wide variety of research equipment and scientific instruments for the life sciences and holds a minority equity position in DGI BioTechnologies, Inc., a drug- lead-discovery operation.
This press release includes statements that may constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information concerning risk factors is described in the Company's Securities and Exchange Commission filings.
SOURCE: New Brunswick Scientific Co., Inc. |
