Columbus McKinnon Corporation (CMCO) announced that Richard Fleming has stepped down from his role as Chairman of the Board at the conclusion of the Company’s fiscal year which ended on March 31, 2023. He will retire from the Board at the end of his term at the 2023 annual meeting of shareholders in July. Mr. Fleming, who has reached the mandatory retirement age as defined in the Board’s Corporate Governance Policy, joined the Board in March of 1999 and has served as the Chair since July of 2018. "On behalf of the Board and the entire Columbus McKinnon team, I sincerely thank Rick for his countless contributions to the Company over the years," stated David J. Wilson, President and CEO. "We are a very different Company than the one Rick joined over 20 years ago, having meaningfully transformed during his tenure as Chair over the last five years. He shouldered many responsibilities throughout his years of service including a term as interim CEO during the first half of 2020, an exceptional period given the onset of the global pandemic. I have not only appreciated, but benefited greatly from Rick’s wise counsel and sage advice which is rooted in his many years of relevant experience. We wish Rick and his family the very best in retirement." Gerald Colella, current Chair and retired President and CEO of MKS Instruments Inc. (MKSI), has been appointed Chair of the Board. He joined the Columbus McKinnon Board of Directors in November 2021.
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