Page 7 - 2017 AMETEK Annual Report (Interactive) Updated mobile

Timothy N. Jones Thomas C. Marecic Ronald J. Oscher
President, Electromechanical Group President, Electronic Instruments Chief Administrative Officer

We consistently apply proven tools We also are dedicated to the highest meet their health, education and
and techniques to improve results standards of business ethics and social needs. As part of that
from our new product development behavior. commitment, we made a significant
efforts. Those include Value Analysis/ All colleagues must adhere to a contribution to our corporate
Value Engineering, Design for Six written Code of Ethics. I and my charitable foundation in 2017.
Sigma, and Voice of Customer senior financial managers must
programs. We are leveraging our India adhere to an additional Financial Seamless Transition
Engineering Center to provide our Code of Ethics. Our senior managers As part of a planned management
businesses with high-quality research are required to actively monitor a succession, Frank Hermance retired
and development capabilities. in July as Executive Chairman of
well-established system of financial
Among the ways we gauge our new controls, and there are additional the Board. I am personally grateful
product success is through our vitality safeguards in place to ensure the to Frank for his guidance and
index, which measures the amount of integrity and regulatory compliance of support. On behalf of my AMETEK
sales we generate from new products. our businesses. colleagues, I thank him for his
By that measure, sales from products We are committed as a company to a dedicated service. A tribute to Frank
introduced in the past three years corporate culture that values diversity and his contributions to our company
accounted for a very strong 24% of and fosters a work environment that accompanies this letter.
our 2017 sales. We also thank James Malone, who
enables our colleagues to develop
Our recent product launches include meaningful and rewarding careers. retires from our Board this May after
award-winning imaging technology We challenge our senior managers to 24 years of service. We are extremely
and inspection tools; advanced recruit, train and develop colleagues grateful for his many contributions to
workflow solutions for hospitals and with diverse backgrounds and AMETEK.
health care facilities; high-reliability experiences. Finally, I join with my AMETEK
and programmable power supplies We are responsible corporate citizens colleagues in expressing our
and test equipment; and cutting- committed to operating our facilities appreciation to our shareholders for
edge process and materials analysis in an environmentally responsible their support and confidence. We
instruments.
manner. Many of our products look forward to reporting the results
support sustainability initiatives, of our efforts on your behalf.
Strong Foundation such as the production of renewable
AMETEK’s businesses are built fuels and solar energy; reduction of
on the strong foundation of our potentially harmful emissions and
growth strategies. Supporting those greenhouse gases; improvement
strategies is a dedicated global in material, process and energy
workforce and highly experienced efficiencies; and delivery of value- David A. Zapico
management team. We are based health care around the globe. Chairman of the Board and
committed to providing our customers Chief Executive Officer
with world-class products and We are sensitive to the needs of our March 16, 2018
services and achieving consistent and communities and, as a company,
superior returns for our shareholders. support programs that help them

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