Woodward, Inc. Announces Postponement of Retirement of Weber as Vice Chairman
January 07, 2020 at 03:33 am IST
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Woodward, Inc. reported that Mr. Weber, who previously announced his intention to retire on January 3, 2020, has agreed to postpone his retirement and will continue to serve in his capacity as Vice Chairman and an officer of the Company. Mr. Weber has not announced a new retirement date.
Woodward, Inc. is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It operates through two segments: Aerospace and Industrial. Its Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, and combustion and motion control. These products include fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors. Its Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. These products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. Its production facilities are in the United States, Europe, and Asia.