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Circor Switches CEOs

By Rich Smith – Apr 9, 2013 at 7:51PM

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Company imports a CEO from United Tech division.

Burlington, Mass.-based Circor International (CIR 7.24%) named Scott Buckhout, formerly President of United Technologies' (RTX 1.32%) Fire and Security business, as its own new president and chief executive officer on Tuesday.

Buckhout takes over from acting President and CEO Wayne Robbins, who has been holding down the fort since former CEO Bill Higgins stepped down back in December. Going forward, Robbins will continue serving as Circor's executive vice president and chief operating officer.

In a statement announcing the new appointment, Circor Chairman of the Board David Dietz praised Buckhout's experience "improving the performance of manufacturing businesses such as Circor's, identifying and successfully integrating and rationalizing acquisitions, and driving organic and acquisitive growth" while at UTC.

Investors seemed pleased with the appointment as well. Circor shares rose 0.6% in Tuesday trading following the announcement and closed at $41.41.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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CIRCOR International Stock Quote
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