RACINE, Wis.--(BUSINESS WIRE)--
Twin Disc, Inc. (NASDAQ: TWIN), today announced that the Board of
Directors of Twin Disc, Inc. has elected Jeffrey S. Knutson, 50, to the
position of Chief Financial Officer and Treasurer effective June 22,
2015 in addition to his current roles as Vice President of Finance,
Corporate Controller and Secretary.
"Jeff has done a fantastic job since assuming the Interim Chief
Financial Officer role in February," stated John H. Batten, President
and Chief Executive Officer. "Jeff's experience and contributions to
Twin Disc since joining the Company in 2005 make him uniquely qualified
to step into the Chief Financial Officer position. His strong global
financial experience and deep understanding of our business and culture
are valuable assets to Twin Disc. I look forward to continue working
with Jeff and wish him much success in this new role."
Mr. Knutson joined Twin Disc in February 2005 as the Controller of Twin
Disc's North American manufacturing operation and became Corporate
Controller in October of that year. He became Secretary of the Company
in 2013 and Vice President of Finance and Interim Chief Financial
Officer and Treasurer in February 2015. Prior to his employment at Twin
Disc, Mr. Knutson was employed by Tower Automotive - Milwaukee Division
as Controller and also held various financial positions at several
divisions of Invensys, Bucyrus International and PricewaterhouseCoopers.
Mr. Knutson received his BBA from the University of Wisconsin-Whitewater
and is a Certified Public Accountant in the state of Wisconsin.
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty
off-highway power transmission equipment. Products offered include:
marine transmissions, surface drivers, propellers and boat management
systems, as well as power-shift transmissions, hydraulic torque
converters, power take-offs, industrial clutches and control systems.
The Company sells its products to customers primarily in the pleasure
craft, commercial and military marine markets, as well as in the energy
and natural resources, government and industrial markets. The Company's
worldwide sales to both domestic and foreign customers are transacted
through a direct sales force and a distributor network.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150626005748/en/
Twin Disc, Inc.
John H. Batten, 262-638-4000
Source: Twin Disc, Inc.
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