Lockheed Martin Secures Nearly $500 Million in U.S. and Allied Defense Contracts 
Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China as Competition Intensifies 
Anghami Stock Soars After Strong H1 2025 Results, Revenue Nearly Doubles on OSN+ Integration 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026 
Boeing Secures Multi-Billion Dollar Defense Contracts for F-15IA Jets and E-4B Aircraft Support 
Novo Nordisk and Eli Lilly Cut Obesity Drug Prices in China, Boosting Access to Wegovy and Mounjaro 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power 
Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety 
Australia’s Modern Gold Rush: Hobby Prospectors Flock to Victoria’s Golden Triangle 
Vietnam’s EV Taxi Giant GSM Eyes Hong Kong IPO With $2–3 Billion Valuation 
Target Stock Rallies as Activist Interest Sparks Hopes for Strategic Change 
Nike Stock Rises After CEO Elliott Hill Buys $1 Million in Shares 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
SARASOTA, Fla., March 08, 2017 -- Sun Hydraulics Corporation (NASDAQ:SNHY) (“Sun” or the “Company”), a global industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets, announced the appointment of certain members of its global leadership team as corporate officers effective March 3, 2017.
Appointed officers are: Craig Roser, Global Lead, Sales and Business Development; Gary Gotting, Global Lead, Product Development and Marketing; and Kennon Guglielmo, Global Co-lead, Electronic Controls. The appointments were driven by the adoption of Sun’s Vision 2025, the acquisition of Enovation Controls and the Company’s commitment to growth, continued superior profitability and financial strength. Mssrs. Roser and Gotting formerly had regional responsibilities within Sun. Mr. Guglielmo joined the Sun team from the Enovation Controls acquisition. In conjunction with the Company’s global realignment, Mark Bokorney and Tim Twitty stepped down from their roles as officers.
Wolfgang Dangel, Sun’s President and Chief Executive Officer, commented, “As we are transforming Sun to achieve a global technology leadership position in the industrial goods sector, it is important that we are organized to empower our global leadership team to drive further success. Sun’s horizontal structure emphasizes individual initiative and responsibility. Enhancing collaboration across the Company through this realignment will reinforce that culture as we grow.”
The Company also announced that its Board of Directors, at its regular meeting, declared a quarterly cash dividend of $0.09 per common share. The dividend is payable on April 15, 2017, to shareholders of record as of March 31, 2017.
About Sun
Sun Hydraulics Corporation is an industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets. In the hydraulics market, the Company is a leading manufacturer of high-performance screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets. In the electronics market, the Company is a global provider of innovative electronic control, display and instrumentation solutions for both recreational and off-highway vehicles, as well as stationary and power generation equipment. For more information about Sun, please visit www.sunhydraulics.com.
For more information, contact: Karen L. Howard / Deborah K. Pawlowski Kei Advisors LLC (716) 843-3942 / (716) 843-3908 [email protected] / [email protected]
