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New Management Team at Bourn & Koch



Bourn & Koch Management Team, left to right: Greg Champion, Vice President of Sales & Marketing; Kerry Koch, Chief Financial Officer; Peter Mischler, Engineering Manager; and Terry Derrico, President

Bourn & Koch, Inc. announced Terry V. Derrico has been named President of the company. Also joining senior management are Kerry Koch (CFO), Greg Champion (Vice President of Sales & Marketing) and Peter Mischler (Engineering Manager).

"Derrico, who was most recently President & CEO of United Grinding North America, brings over 30 years of relevant industry and leadership experience to Bourn & Koch," said a company spokesperson. "He has a track record of growing profitable businesses by addressing customer needs and managing complex manufacturing operations. Prior to joining Bourn & Koch, Derrico was a Group President within the Industrial Group at The Marmon Group LLC, a division of Berkshire-Hathaway, Inc., and President and CEO of SIG-Pack Inc. He also spent ten years at GE Fanuc as National Sales Manager, where he built significant growth and developed key markets in North America."

Kerry M. Koch has been appointed Chief Financial Officer. Koch brings more than 30 years of finance experience. His background includes a heavy concentration in highly engineered equipment and significant experience in mergers and acquisitions. He was most recently the Chief Financial Officer of Elgin Equipment Group, LLC and previously the interim Chief Financial Officer/Corporate Controller of Paladin Brands.

Greg Champion has been appointed as the new Vice President of Sales & Marketing at Bourn & Koch. Champion brings sales & marketing experience with him from his tenure with Rockford-based Hennig, Inc., a leader in machine tool protection products. He is also the former VP of Sales for Mattison Technologies Co. Bourn & Koch, Inc. is the OEM for Mattison and continues to produce Mattison machine tool products, replacement parts, machine rebuild and repair services.

Peter Mischler joins Bourn & Koch as the new Engineering Manager. Mischler was previously the Development Engineering Manager at Fives-Cincinnati and also worked for Ingersoll Machine Tool. Peter's engineering background and drive to innovate allows Bourn & Koch to continue its tradition of producing enhanced machine tool designs and products within the metalworking industry. Peter holds eight U.S. patents created for machine tool applications.

For more information contact:

Bourn & Koch, Inc.

2500 Kishwaukee Street

Rockford, IL 61104

815-965-4013

www.bourn-koch.com

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