JBT Names Tom Giacomini CEO - Quick Facts

(RTTNews) - JBT Corp. (JBT), a technology solutions provider to the food processing and air transportation industries, Monday announced that it is implementing its management succession plan.

Tom Giacomini, currently President and Chief Executive Officer of Dover Engineered Systems at Dover Corp., will become Chief Executive Officer, President, and a member of the Board of Directors of JBT, effective September 9.

Charlie Cannon, currently Chairman, Chief Executive Officer and President, will remain Executive Chairman of the Board. Ron Mambu, Chief Financial Officer, plans to retire upon the identification of his successor.

Giacomini, 48, has over 20 years of experience in industrial manufacturing. He has held a variety of senior leadership positions at Dover Corp. and Warn Industries, Inc. He most recently led a diversified portfolio of 14 industrial businesses with annual sales in excess of $3.5 billion and operations in the U.S., Europe, China, Brazil and India.

Giacomini has succeeded in leading innovative, customer-focused technology initiatives, driving strong recurring sales, overseeing strategic expansion in emerging markets, and delivering significant margin expansion. He also has a proven track record of achieving above market growth through value creating acquisitions in the U.S., Europe and China.