Colfax Announces New CFO

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Colfax Corporation (NYSE: CFX) today announced that Board member C. Scott Brannan has been named Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective October 18, 2010, succeeding G. Scott Faison in these positions. As a result of his agreement to join the executive management team, Brannan, who has been a director of Colfax since the Company's IPO, has resigned from the Board and as Chairman of the Audit Committee effective immediately. Faison, who has been with Colfax since 1995, is resigning and will remain an advisor to the Company.

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