Please ensure Javascript is enabled for purposes of website accessibility

Circor Switches CEOs

By Rich Smith – Apr 9, 2013 at 7:51PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

Invest Smarter with The Motley Fool

Join Nearly 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

CIRCOR International Stock Quote
CIRCOR International
$27.55 (7.24%) $1.86
Raytheon Technologies Stock Quote
Raytheon Technologies
$98.72 (1.32%) $1.29

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.