Actuant elects Richard Holder as new director

MILWAUKEE, February 28, 2017-- Actuant Corporation (NYSE:ATU) announced today that the Board of Directors has elected Richard Holder to its Board, effective immediately. Mr. Holder is President and Chief Executive Officer of NN, Inc. (NASDAQ:NNBR) a position he has held since joining NN in June 2013.  Mr. Holder is a seasoned executive with more than 25 years of international experience across a diverse set of industries and disciplines.  Prior to NN, Inc., Mr. Holder held a variety of leadership positions during his twelve year tenure at Eaton Corporation, where he last served as President of Eaton Electrical Components Group, a unit of Eaton’s Electrical Sector. Prior to joining Eaton, he held a variety of leadership roles at US Airways, AlliedSignal and Parker Hannifin. He holds a bachelor's degree from Southern Illinois University and an MBA from Webster University.

Commenting on the announcement, Robert Peterson, Actuant’s Chairman, said, “Richard’s broad global exposure across a diverse array of industries, as well as his strong senior leadership, operations and acquisition experience as a current CEO, will be an asset to Actuant.  The rest of the Board and I look forward to his contributions and are excited he has agreed to join Actuant as a member of the Board.”

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