Veyance Names John Hamilton CEO

AKRON, Ohio--()--Veyance Technologies, Inc. today announced that John S. Hamilton has been named President and Chief Executive Officer, succeeding Timothy R. Toppen. Mr. Hamilton, who most recently was President and Chief Executive Officer of Electro-Motive Diesel in LaGrange, IL, will assume his new duties on November 8 and be based in Fairlawn, OH.

Veyance Chairman Thomas Rabaut said, “We are pleased to have John Hamilton leading the company at this important point in Veyance’s history. Veyance is on sound financial footing and we are confident that John and the current management team will build upon the innovative product suite and quality customer service to ensure that Veyance is a leader in the global marketplace for years to come.”

Mr. Hamilton said, “I am excited to become a part of the Veyance family and to take this great global brand to the next level of growth and profitability. I look forward to working with such a talented leadership team, and dedicated work force.”

Mr. Rabaut said, “Tim has agreed to be available to John to help ensure a smooth transition. On behalf of the Board, we are grateful to Tim Toppen for his service to Veyance and for guiding the company through the Great Recession.” Mr. Toppen said, “It has been a great privilege to work with so many talented and committed people for more than three decades. I look forward to a smooth transition and believe Veyance is in good hands with the proven leadership of John Hamilton.”

Mr. Hamilton served as President and CEO of Electro-Motive Diesel from 2003 – 2010. In 2003, Mr. Hamilton worked with private equity backers to acquire Electro-Motive Diesel from General Motors. Under his leadership, the company returned to growth and profitability and was recently sold to Caterpillar.

Prior to Electro-Motive Diesel Mr. Hamilton served in several management and executive positions at Tokheim Corporation (President and CEO), The Harbor Group (Group President), Fairchild Fasteners, Honeywell International, McKinsey & Company, Inc. and International Business Machine Corp.

Mr. Hamilton earned his M.B.A. in economics and marketing from the University of Chicago and his B.S.E. in electrical engineering and computer science from Princeton University.

Veyance Technologies, Inc. is the exclusive manufacturer of Goodyear Engineered Products worldwide. In addition to power transmission products, Veyance manufacturers and markets Goodyear-branded air springs, automotive belts and hoses, conveyor belts and services, industrial and hydraulic hose, rubber track and molded products. GOODYEAR® trademarks are used by Veyance Technologies under license from The Goodyear Tire & Rubber Company. For more information go to http://www.goodyearep.com/.

Contacts

The Carlyle Group
Chris Ullman, 202-729-5450
Chris.Ullman@Carlyle.com

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Contacts

The Carlyle Group
Chris Ullman, 202-729-5450
Chris.Ullman@Carlyle.com