C&D Technologies Announces CEO
Blue Bell, PA – February 25, 2015 - C&D Technologies, a leading producer of standby power batteries for the telecom and UPS markets, named Armand Lauzon Jr. as President and CEO, effective February 24th.
"I am excited with the opportunity to work with the team at C&D", stated Mr. Lauzon. "C&D is well positioned to take advantage of the growing global need for reliable stationary power solutions."
"We welcome Armand to C&D. His experience in growing successful companies is a perfect fit for the next stage of C&D", commented David Treadwell, Chairman of C&D Technologies. "All of us involved with C&D would like to thank Christian Rheault, our outgoing CEO, for his hard work in moving C&D forward over the past few years. The company has shown significant improvement in virtually all of our operating metrics, an essential component of being a top level company. We wish him well in his future endeavors."
For the past 13 years, Mr. Lauzon has served as CEO and board member of three portfolio companies of the Carlyle Group, one of the largest and most successful PE firms with $200+ billion in assets. Armand joined the Carlyle Group from Precision Castparts Corporation, a world leader in Structural Investment Castings, Forged Components, and Airfoil Castings for aircraft engines.
C&D Technologies, Inc. is a global leader in solutions and services for the switchgear and control (Utility), telecommunications, and uninterruptible power supply (UPS) applications. C&D Technologies engineers, manufactures, sells and services standby batteries for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored. C&D Technologies is headquartered in Blue Bell, PA. For more information about C&D Technologies, visit www.cdtechno.com.
C&D® is a registered trademark of C&D Technologies, Inc.