Steve Simms Named Chief Executive Officer of Colfax
Colfax Corporation (NYSE: CFX) today announced that Board member Steven E. Simms has been named Chief Executive Officer. Clay Kiefaber, who has been serving as President and Chief Executive Officer, has been named Chief Executive Officer of Colfax's $2 billion ESAB business, which it recently acquired in the acquisition of Charter International.
The Charter transaction, which closed in January 2012, increased Colfax's total revenues nearly six-fold from approximately $700 million to $4 billion. Kiefaber will also be an Executive Vice President of Colfax and will continue to serve as a Colfax director.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.