Published:
MSA's John Ryan III and Bill Lambert to Ring Closing Bell at New York Stock Exchange on Tuesday
PITTSBURGH, April 14 /PRNewswire-FirstCall/ -- John T. Ryan III, who has
served as chairman and CEO of global safety equipment manufacturer MSA
(NYSE: MSA) since 1991, and Bill Lambert, MSA president and chief operating
officer, will ring the closing bell at the New York Stock Exchange on Tuesday,
April 15. The ceremonial bell ringing comes approximately one month before
Mr. Ryan will step down as CEO as part of a planned management succession, and
turn over that responsibility to Mr. Lambert. The formal transition will
occur on May 13 at the company's annual meeting of shareholders.
In March of last year, Mr. Ryan announced his intention to retire as an
employee of the company and therefore as Chief Executive Officer in mid-2008,
close to the time he reaches age 65. Mr. Ryan has noted that he plans to keep
a deep interest in MSA and remain active as a director and shareholder.
"Since our founders, all of the CEOs of the company, who were fortunate to
live to age 65, retired from this position at that time and likewise it seems
sensible for me to do so also," Mr. Ryan said. "One of my particular
satisfactions at this time is the breadth and skill of our management staff at
MSA which we have built up over the recent decade and a half. Bill will have
an excellent team with whom to work in the years ahead, both at the executive
level and at all positions throughout this organization in the many countries
in which we have operations."
Mr. Ryan's grandfather, John T. Ryan, co-founded MSA in 1914 and his
father, John T. Ryan Jr., transformed the company into a truly world-wide
organization as President and then Chairman of MSA from 1952 to 1990. Mr.
Ryan Jr. also guided significant product line expansion efforts within the
company that led to MSA's entry into many new markets the company continues to
serve today.
Over John Ryan III's tenure as CEO, MSA has grown to a company with record
sales of nearly $1 billion last year with more than 40 international
locations. Most recently, he was recognized locally for his outstanding and
life-long commitment to business ethics, as Mr. Ryan was named recipient of
the first ever Excellence in Leadership Award presented by the University of
Pittsburgh's David Berg Center for Ethics and Leadership.
"Under John's dynamic leadership, MSA has grown tremendously over the past
several years, developed a presence in new markets and became a respected New
York Stock Exchange company that has delivered solid results for its
shareholders," Mr. Lambert said. "Like his father and his grandfather before
him, John has led MSA with integrity, passion and an unwavering commitment to
protecting the health and safety of MSA customers. I am honored that John and
the Board of Directors have expressed confidence in my ability to lead MSA and
continue a mission the Ryan family and co-founder George Deike started in
1914."
Mr. Lambert joined MSA in 1981 as a Design Engineer where he developed and
received a patent on the Quick-Fill breathing apparatus accessory, an
important MSA product to this day. Over his 27-year career with MSA, he has
served in a variety of capacities, including Product Line Manager for air-line
respirators, Nuclear Industry Specialist, Project Engineer for self-contained
breathing apparatus (SCBA) development, Director of Marketing for safety
products, Vice President/General Manager of the company's former Safety
Products Division, and President of MSA North America.
Established in 1914, MSA is a global leader in the development,
manufacture and supply of sophisticated safety products that protect people's
health and safety. Sophisticated safety products typically integrate any
combination of electronics, mechanical systems and advanced materials to
protect users against hazardous or life-threatening situations. The company's
comprehensive line of products is used by workers around the world in the fire
service, homeland security, construction and other industries, as well as the
military. Principal products include self-contained breathing apparatus, gas
masks, gas detection instruments, head protection, respirators and thermal
imaging cameras. The company also provides a broad range of consumer and
contractor safety products through retail channels. These products are
marketed and sold under the MSA Safety Works brand. MSA has annual sales of
approximately $1 billion, manufacturing operations throughoutthe United
States andEurope, and more than 40 international locations. Additional
information is available on the company's Web site at http://www.msanet.com.
SOURCE MSA
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