TTI Appoints Mike Farrah as Power Tool Division President for TTI-North America
ANDERSON, S.C., Feb. 19 /PRNewswire/ -- Techtronic Industries Co. Ltd. (TTI) (HKEx stock code: 669, ADR symbol: TTNDY) on February 12, 2008, announced the appointment of Mr. Mike Farrah as Power Tool Division President for TTI-North America.
"Mike is a recognized leader with an extensive background in the power tool industry," said Mr. Joseph Galli Jr., Chief Executive Officer of TTI. "His knowledge of our business from the retail perspective has proven invaluable. Since he joined TTI last year, Mike has led our power tool business to new heights, and I'm sure he will continue to excel in his expanded role."
In his new position as President of the South Carolina-based Power Tool Division, Farrah will have full responsibility for the business as it relates to the Ryobi(R) and RIDGID(R) brands, including operations, product development, sales and marketing.
Farrah joined TTI in March 2007 as Senior Vice President of Power Tool Sales, Marketing and Product Development. Previously, Farrah spent 10 years at The Home Depot in roles with increasing responsibility, including Global Product Merchant for Power Tools. Prior to that, he spent an additional 10 years in the manufacturing and construction industries.
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class supplier of superior home improvement and construction tools with a powerful portfolio of trusted brands and a strong commitment to innovation and quality. The portfolio that TTI offers includes a full line of power equipment products, floorcare, laser and electronic products, employing approximately 23,000 people worldwide. TTI's portfolio of global brands includes, among others, Milwaukee(R), AEG(R), Ryobi(R), Stiletto(R), Homelite(R), Royal(R), Dirt Devil(R), Regina(R), Vax(R) and Hoover(R).
TTI is one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index and the FTSE All-World Hong Kong Index. For more information, please visit www.ttigroup.com.
All trademarks used here are intellectual property of their respective owners and are protected under trademark law. The use of the trademark Ryobi(R) is pursuant to a license granted by Ryobi Limited. RIDGID(R) is a registered trademark of Ridgid, Inc., part of Emerson Professional Tools, a business of St. Louis-based Emerson (NYSE:EMR). The tools are designed and manufactured by OWT Industries, Inc., a wholly owned subsidiary of Techtronic Industries Company Limited (TTI) (HKEx stock code 669; ADR symbol TTNDY).
First Call Analyst:
Source: Techtronic Industries Co. Ltd.
CONTACT: Jason Swanson of Techtronic Industries North America, Inc.,
+1-864-964-3363, [email protected]
Web site: http://www.ttigroup.com/