Actuant Appoints Randal Baker As President And CEO - Quick Facts

(RTTNews) - Actuant Corp. (ATU) announced that Randal Baker has been named President and Chief Executive Officer of the Company effective immediately. Baker has also been appointed to the Board of Directors.

Effective with this transition, Actuant's Board of Directors has appointed an independent director, Robert Peterson, as Actuant's Chairman of the Board, replacing Robert Arzbaecher who will remain a member of the Board. Mr. Peterson has been on the Actuant Board of Directors since 2003, and has been Actuant's lead independent director since 2015.

Mr. Baker has nearly 30 years of industrial experience, including serving in numerous executive roles of increasing responsibility and depth. From 2009 to 2015 he was with Joy Global, Inc.("Joy"), most recently as Chief Operating Officer. Prior to Joy, Mr. Baker was an executive with Case New Holland ("CNH") from 2004 to 2009, holding a variety of roles including President and CEO of their agriculture equipment business.