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GRIFFON ANNOUNCES THE RETIREMENT OF JOSEPH BATTAGLIA AND THE APPOINTMENT OF KEVIN MCSWEENEY AS PRESIDENT OF TELEPHONICS
Press Releases on March 21, 2016
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NEW YORK, NEW YORK, March 21, 2016 – Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) announced today that Joseph J. “Joe” Battaglia has announced his retirement from Griffon’s subsidiary Telephonics Corporation (“Telephonics”), effective September 30, 2016. Kevin McSweeney, currently Chief Operating Officer of Telephonics, will succeed Mr. Battaglia.
Mr. Battaglia, a defense industry veteran of more than 50 years, joined Telephonics in 1990, and has served as President for the past 21 years. During his tenure at Telephonics, Mr. Battaglia led the development of radars, IFF (Identification, Friend or Foe) and Air Traffic Management systems, helping to secure the company’s strong position in U.S. and international defense and civilian electronics markets. Following his retirement, Mr. Battaglia will remain with the Company in a consulting capacity.
Ronald J. Kramer, Griffon’s Chief Executive Officer, said “Joe has made significant contributions to Telephonics’ success over his distinguished career. Under his leadership, Telephonics has expanded its business as a trusted supplier in the defense electronics market. Joe has positioned Telephonics to grow its key business areas and competencies in integrated information, communication and sensor systems. We are proud of Telephonics’ success under Joe’s leadership and wish him well in his retirement.”
Effective with Mr. Battaglia’s retirement, Kevin McSweeney has been appointed President of Telephonics. Mr. McSweeney brings over 30 years of experience in the defense industry. He joined Telephonics in 2004 and has served as Executive Vice President and Chief Operating Officer (COO) since 2012. As COO, Mr. McSweeney has direct oversight of Telephonics’ five business units, as well as functional areas including technology, business development, manufacturing and supply chain. Mr. McSweeney has extensive leadership experience in technology development and management, having started his career at Grumman Aerospace as a software engineer and later joining Lockheed Martin as a software program manager. During his Lockheed tenure he was assigned increasing responsibilities, ultimately being named Vice President of Lockheed’s Maritime Safety, Security and Surveillance (MS3) line of business.
Mr. Kramer commented “Kevin is an outstanding leader with strong customer, supplier and employee relationships. He has assumed increasing levels of responsibility throughout his Telephonics career and is uniquely positioned to succeed Joe. We have high expectations for the future of Telephonics under Kevin’s leadership.”
ABOUT GRIFFON CORPORATION
Griffon Corporation is a diversified management and holding company conducting business through wholly owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital.
Griffon currently conducts its operations through three business segments:
- Home & Building Products consists of two companies, The AMES Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc. (“CBP”):
- AMES is a global provider of non‐powered landscaping products for homeowners and professionals.
- CBP is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional dealers and major home center retail chains.
- Telephonics Corporation designs, develops and manufactures high‐technology, integrated information, communication and sensor system solutions for military and commercial markets worldwide.
- Clopay Plastic Products Company, Inc. is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health‐care and industrial applications.
For more information on Griffon and its operating subsidiaries, please see the Company’s new website at www.griffon.com.
- Home & Building Products consists of two companies, The AMES Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc. (“CBP”):
- About Telephonics, Executive Leadership
