ELMA,
N.Y., Jan. 31, 2024 /PRNewswire/ --
Servotronics, Inc. (NYSE American – SVT), a designer and
manufacturer of servo-control components and other advanced
technology products, today announced that Harrison W. Kelly III has been appointed as its
new Chief Operating Officer (COO). With over twenty years of
experience in executive operations leadership and practical
engineering across aerospace, automotive and medical device
manufacturing, Dr. Kelly brings a wealth of expertise to lead the
Company's operational and strategic initiatives.
As the COO of Servotronics, Dr. Kelly will play a pivotal role
in leading the Company's operations to meet the growing needs of
its customers in the commercial aerospace industry, while
supporting growth initiatives in other markets. He will be focused
on developing a robust overall supply chain through continuous
improvement and quality initiatives, which is in alignment with the
Company's long-term strategic plan. Dr. Kelly's track record of
technical expertise, experience and success underscores the
Company's dedication to innovation and excellence in the dynamic
aerospace industry.
"We are fortunate to have someone like Harrison, who has a solid
background and a wealth of experience, to join our leadership team
and focus on enhancing our operations. His deep understanding of
manufacturing operations, supply chain management, and business
strategy will be valuable for our growth and success," said
Servotronics' CEO William J. Farrell,
Jr.
Dr. Kelly commented, "I am excited to join Servotronics and I
look forward to working with the team to continue efforts to
strengthen operations and enhance the quality of our products and
services."
Prior to joining Servotronics, Dr. Kelly served as the President
of ProVision, LLC. where he focused on developing quality and
regulatory management systems and designing customized operational
plans to improve efficiencies and reduce costs. Dr. Kelly has also
served as the Chief Quality Officer, Director of Engineering,
Director of Operations, and Director of Quality Management Systems
at Curbell, Inc. Dr. Kelly has previously been appointed as
Professor of Practice and Director of Undergraduate Studies at the
University at Buffalo, and has authored
multiple book chapters and technical publications. Dr. Kelly
was awarded Best Teaching Faculty of the Year by the School of
Engineering and Applied Sciences University at Buffalo in 2021 and
won the Impact Teacher Award from the National Society of
Leadership and Success in 2022.
Dr. Kelly earned his Ph.D. in Industrial and Systems Engineering
from the University at Buffalo, a
Master of Science in Applied and Mathematical Statistics from the
Rochester Institute of Technology, and
a Bachelor of Arts in Theoretical Statistics from the University at Buffalo.
ABOUT SERVOTRONICS
Servotronics designs, develops and
manufactures servo controls and other components for various
commercial and government applications including aircraft, jet
engines, missiles, manufacturing equipment and other aerospace
applications at its operating facilities in Elma and Franklinville, New York.
FORWARD-LOOKING STATEMENTS
This news release contains
certain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this
presentation, the words "project," "believe," "plan," "anticipate,"
"expect" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Forward-looking
statements involve numerous risks and uncertainties which may cause
the actual results of the Company to be materially different from
future results expressed or implied by such forward-looking
statements. There are a number of factors that will influence our
future operations, including: uncertainties in today's global
economy, including political risks and adverse changes in legal and
regulatory environments; the ability to implement our corporate
strategies; the state of the aerospace and defense industries; the
introduction of new technologies and the impact of competitive
products; the ability to sustain, manage or forecast our growth and
product acceptance to accurately align capacity with demand; risks
related to constraints and disruptions in the global supply chain
and labor markets; the demand for and market acceptance of new or
existing aircraft which contain our products; risks related to our
concentration of revenue among a relatively small number of
customers; the availability of financing and changes in interest
rates; the outcome of pending and potential litigation; our ability
to attract and retain key executives and employees; and the
additional risks discussed in the Company's filings with the
Securities and Exchange Commission. Readers are cautioned not to
place undue reliance on forward-looking statements, which reflect
management's analysis only as of the date hereof. The Company
assumes no obligation to update forward-looking statements, whether
as a result of new information, future events or otherwise.
SERVOTRONICS, INC. (SVT) IS LISTED ON NYSE American
View original content to download
multimedia:https://www.prnewswire.com/news-releases/servotronics-inc-names-harrison-w-kelly-iii-as-new-chief-operating-officer-302049946.html
SOURCE Servotronics, Inc.