ATS CEO to leave role February 2017
March 22, 2016 By Manufacturing AUTOMATION
Mar. 22, 2016 – ATS Automation Tooling Systems has announced that Anthony Caputo, CEO, will be leaving the company February 2017.
In connection with this, Caputo and the company say they have entered into a transition agreement that, among other things, provides for “continuity, an orderly transition of leadership, and that Mr. Caputo may leave earlier if a transition is completed.” He will remain on the board of directors throughout the transition.
ATS say it will initiate a “thorough search and selection process” for a successor to lead the company as it “continues to realize on its growth and value creation ambitions.”
“On behalf of the board of directors, I would like to thank Anthony for his contribution towards building ATS’s industry leadership. Anthony and the Board will work together through the transition period to ensure that ATS continues its strategy to grow as a provider of enabling manufacturing solutions for customers across many industries,” said David McAusland, board chairmain.
“It has been a privilege to help build this world-class company with a great team. ATS is a global leader with Fortune 500 customers and extremely talented and committed employees,” noted Caputo. “ATS is well positioned to continue to execute on its growth and value creation strategy.”
Founded in 1978, ATS is an automation solutions provider with approximately 3,500 employees at 24 manufacturing facilities and more than 50 offices in North America, Europe, Southeast Asia and China.