News Release
Woodward Governor Company
1000 East Drake Road
Fort Collins, Colorado 80525, USA
Tel: 970-482-5811
Fax: 970-498-3058
FOR IMMEDIATE RELEASE
CONTACT: | Rose Briani-Burden Business Communications |
815-639-6282
Benning Named Woodward MPC President
Fort Collins, Colo., August 21, 2008—Woodward Governor Company (Nasdaq:WGOV) today announced that Dennis Benning, Group Vice President, Engine Systems, will lead its new Airframe Systems business segment as President of Woodward MPC.
“As a seasoned proven executive, Dennis has more than 23 years with Woodward in executive and international roles. I am confident that Dennis is the right Woodward executive to bring Woodward and MPC Products Corporation together,” said Tom Gendron, Chairman and Chief Executive Officer.
Although Mr. Benning’s assignment will not officially begin until October 2008, when we anticipate the acquisition of MPC Products Corporation will be completed, he will start working immediately with the transition team to begin the integration planning process.
About Woodward
Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions for engines, aircraft and industrial turbines, and electrical power system equipment. The company’s innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and cost-effective equipment. Woodward is headquartered in Fort Collins, Colorado USA and serves global markets in aerospace, power and process industries and transportation. Visit our website atwww.woodward.com.
The statements in this release concerning the company’s future sales, earnings, business and financial performance, the consistent value Woodward offers to its shareholders, the company’s prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward’s Annual Report and Form 10-K for the year ended September 30, 2007 and Quarterly Report Form 10-Q for the quarters ended December 31, 2007, March 31, 2008, and June 30, 2008.
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