CMCO names two new board members

22 October 2008


Columbus McKinnon Corporation (CMCO) has swelled its number of board members to nine.Christian Ragot, president and chief executive officer of FreightCar America, Inc., and Liam McCarthy, president and CEO of Molex Inc., will become members of the board of directors, effective November 10 2008."Chris and Liam are outstanding additions to our board, and we will benefit greatly from their years of industrial and international business experience," said board chairman Ernest R. Verebelyi.He added: "Their appointments will further strengthen the skill set of our board, as Columbus McKinnon continues to execute its growth strategy and expands globally."Ragot joined Chicago-based FreightCar America as chief operating officer in 2007, and later that year was appointed to serve as president, CEO and a director of the company.Previously, Ragot served for seven years in a number of executive positions with Westport, CT-based Terex Corporation, including group president of Terex Utilities, Roadbuilding & Advance Mixers.Ragot also held senior management positions at Ingersoll-Rand Company, including time spent in various distribution, sales and marketing positions as well as vice president and general manager of its European operations based in Paris, France.He earned a BS from Embry Riddle Aeronautical University and an MS from The Johns Hopkins University.McCarthy, meanwhile, began his career with Molex in Ireland in 1976, in cost and management accounting.  Prior to becoming president and COO of Molex Inc. in 2005, he served as vice president of operations for Europe, president of the Americas region data communications division, and as a senior executive in a variety of international leadership positions, including in Singapore and other areas of the Asia-Pacific region.McCarthy earned his Business and Commerce Degree from University College Dublin (UCD) and his MBA from Henley Management College (accredited by Brunel University) in the United Kingdom.

Columbus McKinnon Corporation (CMCO) has swelled its number of board members to nine.

Christian Ragot, president and chief executive officer of FreightCar America, Inc., and Liam McCarthy, president and CEO of Molex Inc., will become members of the board of directors, effective November 10 2008.

"Chris and Liam are outstanding additions to our board, and we will benefit greatly from their years of industrial and international business experience," said board chairman Ernest R. Verebelyi.

He added: "Their appointments will further strengthen the skill set of our board, as Columbus McKinnon continues to execute its growth strategy and expands globally."

Ragot joined Chicago-based FreightCar America as chief operating officer in 2007, and later that year was appointed to serve as president, CEO and a director of the company.

Previously, Ragot served for seven years in a number of executive positions with Westport, CT-based Terex Corporation, including group president of Terex Utilities, Roadbuilding & Advance Mixers.

Ragot also held senior management positions at Ingersoll-Rand Company, including time spent in various distribution, sales and marketing positions as well as vice president and general manager of its European operations based in Paris, France.

He earned a BS from Embry Riddle Aeronautical University and an MS from The Johns Hopkins University.

McCarthy, meanwhile, began his career with Molex in Ireland in 1976, in cost and management accounting.  Prior to becoming president and COO of Molex Inc. in 2005, he served as vice president of operations for Europe, president of the Americas region data communications division, and as a senior executive in a variety of international leadership positions, including in Singapore and other areas of the Asia-Pacific region.

McCarthy earned his Business and Commerce Degree from University College Dublin (UCD) and his MBA from Henley Management College (accredited by Brunel University) in the United Kingdom.