Twin Disc, Incorporated Announces Resignation of James E. Feiertag as Executive Vice President Effective as of September 12, 2014
August 26, 2014 at 02:02 am IST
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On August 19, 2014, James E. Feiertag, the Executive Vice President of Twin Disc, Incorporated informed the company that he will be resigning. Mr. Feiertag's resignation shall be effective as of September 12, 2014. Mr. Feiertag will remain with the company in a transitional capacity until the effective date.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company has two reportable segments: Manufacturing and Distribution. The Companyâs products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company also designs and manufactures gearboxes and power transmission components. It provides modeling, modernization, gearbox repair and maintenance services as well as spare parts. The Companyâs worldwide sales to both domestic and foreign customers are conducted through a direct sales force and a distributor network.