Steve Peterson Named President at Giddings & Lewis
According to Alfred Wern, CEO of TPS, "Steve Peterson's in-depth knowledge of the machine tool industry, customers and products makes him the ideal choice to take Giddings & Lewis forward in the new millennium. Steve has demonstrated a keen grasp of lean manufacturing principles in his assignment at Fadal, along with a hands on management style that will be invaluable in our efforts to become more competitive particularly in the machine tool business in Fond du Lac."
Marvin Isles, former chairman and CEO of Giddings & Lewis stated: "I am delighted with Steve's appointment, he has my strong endorsement. In fact, he was my recommendation. With Steve's appointment, this completes my work in guiding the transition of Giddings & Lewis from a publicly held company to divisions integrated into the TPS structure."
Thyssen Production Systems, a division of ThyssenKrupp AG, and Giddings & Lewis merged in September 1997 to create the world's premier machine tool enterprise. Thyssen Production Systems, headquartered in Essen, Germany, focuses its international activities on development, production and service, with the main emphasis on metalcutting machine tools, automated assembly, and production systems for autobody manufacture.
Headquartered in Fond du Lac, Wis., Giddings & Lewis is North America's largest supplier of industrial automation products and machine tools, serving customers worldwide with products and services to increase manufacturing productivity.