This transition reflects the board’s continued focus on long-term value creation while positioning CIRCOR for the next phase of the Company’s growth. CIRCOR’s strategy remains unchanged.
“We want to thank Tony for his leadership as CEO and the progress CIRCOR has made under his direction, and we’re pleased to have him continue supporting the company as Vice Chairman,” said Dan Daniel, executive advisor for KKR Americas Private Equity and chair of the CIRCOR board of directors. “We are excited to have Saif join CIRCOR as CEO, and we are confident in the strong leadership and depth of experience he brings to build on our momentum, executing our strategy with discipline and creating long-term value.”
“Serving as CEO of CIRCOR over the past four years has been the privilege of a lifetime,” said Tony Najjar. “I’m especially proud of making all 3,500 of our employees owners in CIRCOR’s success, and I am thrilled with what they have been able to accomplish as a result: stepping up, accelerating our success, and delivering for our customers every day. Our company is well positioned for continued growth, and I am confident that under Saif’s leadership and our strong team across the globe, CIRCOR will continue to reach new heights. I look forward to continuing to support Saif and our leadership team from my new role as vice chairman of the board.”
“I’m honored to be joining CIRCOR at this historic time and am grateful to the board for their confidence,” said Saif Siddiqui. “CIRCOR’s many unique strengths across teams, markets, and customer relationships position us well for the future. I’m appreciative of Tony’s leadership and value having the continued benefit of his experience. Working together in service of our customers, investors, and colleagues, I look forward to further accelerating growth, enabled by a culture of ownership, performance and operational excellence.”
“Saif is a tenured leader with deep operating expertise and a strong customer-centric mindset. We are looking forward to seeing Saif lead the Company in its next phase of growth,” commented Josh Weisenbeck, a Partner at KKR. “We are grateful for Tony’s many contributions to the Company and his continued support as he transitions into his new role as Vice Chairman.”
