L-3 SAM Electronics Promotes Armin Groth and Maik Stoevhase to Managing Directors
HAMBURG, Germany, July 8, 2014 – L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Mr. Groth and Mr. Stoevhase report to Ulrich Weinreuter, president of L-3 MSI.
“Armin and Maik are strategic leaders and in their new roles provide even greater strength to L-3 SAM Electronics’ management team,” said Ulrich Weinreuter, president of L-3 Marine Systems International. “Since joining L-3 SAM Electronics in 2004 and 2006, respectively, both Armin and Maik have been a significant part of the development of the company’s worldwide activities. I look forward to their continued contributions in leading L-3 SAM Electronics as a key partner to the global shipbuilding industry.”
Having worked in the maritime industry for more than 24 years, Mr. Groth joined L-3 SAM Electronics in 2006 as managing director of its STN Schiffselektrik subsidiary before he took over SAM’s Integrated Systems business in 2009. In addition to his new role as a managing director of L-3 SAM Electronics, Mr. Groth will maintain his responsibilities at the sector level as senior vice president of integrated systems for L-3 MSI.
Mr. Stoevhase has worked in the maritime industry for over 25 years. Joining L-3 SAM Electronics in 2004, he first led the division’s energy and drives business as senior vice president before being promoted to head L-3 MSI’s business development, sales coordination and corporate strategy activities. In his new position as managing director of L-3 SAM Electronics, he will continue in his sector role as senior vice president for L-3 MSI’s Automation, Navigation and Communication line of business.
Headquartered in Hamburg, Germany, L-3 Marine Systems International (L-3 MSI) is a sector within L-3’s Electronic Systems business segment. L-3 MSI is a turnkey supplier of complete electrical systems, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for all types of ships and offshore wind farms.
Headquartered in New York City, L-3 employs approximately 48,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2013 sales of $12.6 billion. To learn more about L-3, please visit the company’s website at www.L-3com.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Contact: Elke Brunk SAM Electronics GmbH Marketing +49 (0)40 8825 22 83