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Nordson Corporation Names Sundaram Nagarajan as President and Chief Executive Officer, Effective August 1, 2019

Business Wire

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WESTLAKE, Ohio–(BUSINESS WIRE)–Nordson
Corporation
(NASDAQ-NDSN) today announced that Sundaram Nagarajan
(Naga) has been appointed President and Chief Executive Officer,
effective August 1, 2019. Mr. Nagarajan succeeds Michael F. Hilton, who
previously announced his plans to retire. Upon Mr. Nagarajan’s start
date, Mr. Hilton will become Senior Advisor to the Company and remain on
the board of directors until he retires on December 31, 2019.

Mr. Nagarajan joins Nordson following a 23-year career with Illinois
Tool Works Inc. (ITW), a Fortune 200 company. He is currently the
Executive Vice President, Automotive OEM Segment, for ITW, a $3.3
billion business segment. Under his leadership, the Automotive OEM
segment has a proven track record of delivering profitable revenue
growth through both organic and acquisitive means. Mr. Nagarajan has
been focused on creating value for his customers through innovation and
industry leading excellence in quality and delivery. He also has
prioritized building strong, diverse and global leadership teams to
sustain this above-market business performance.

“After a comprehensive search, we are excited to name Naga as Nordson’s
next President and CEO. Naga’s passion for technology-driven innovation,
knowledge of global industrial markets, and outstanding record of
improving the financial results of the businesses he has run by focusing
on customer intimacy, operational excellence, and employee development,
make him a perfect fit for Nordson,” said Michael Merriman, Chairman of
the Board of Directors.

“Throughout my career, I’ve thrived in driving growth and profitability
by focusing on the customer while also prioritizing innovation and
talent development. I am very honored to join Nordson, which has always
put its customers and employees first, and as a result has grown into a
market-leading enterprise with an outstanding reputation. I look forward
to building on this success with the Nordson team,” said Mr. Nagarajan.

Added Mr. Merriman, “On behalf of the entire Board, I want to thank Mike
Hilton for his outstanding leadership of Nordson over the past ten
years. We appreciate his commitment to supporting Naga in this important
transition, and the Board and I look forward to his counsel as Senior
Advisor to the Company.”

The terms of Mr. Nagarajan’s employment agreement will be described in a
Current Report on Form 8-K to be filed by the Company.

About Sundaram Nagarajan

In 1991, Mr. Nagarajan started his career at Hobart Brothers where he
was engaged in the design and development of welding consumables. The
company was acquired by ITW in 1996, and Mr. Nagarajan continued to grow
and take on greater responsibility over the next 23 years. He was
promoted to Group Vice President, ITW Welding Group in 2006 and Group
President, Welding International in 2008. From 2010 – 2014, he served as
Executive Vice President, Welding, where he led ITW’s $1.9 billion group
of welding and related industrial businesses worldwide. In 2015, he was
promoted to his current role as Executive Vice President, Automotive OEM
Segment, reporting to the Chairman and CEO.

Mr. Nagarajan holds a BS degree from South Gujarat University, India; an
MBA from Wright State University, Ohio; and an MS and Ph.D. in materials
science from Auburn University, Auburn, Alabama.

Mr. Nagarajan is a member of the Board of Directors of Sonoco Products
Company, Past Trustee of Hobart Institute of Welding Technology,
Advisory Board Member of IACS, member of the Executive Club, member of
the Economics Club of Chicago, Former Trustee of AWS Foundation Inc. and
Co-Chair of ITW’s National United Way Campaign (2013 and 2014).

Except for historical information and comparisons contained herein,
statements included in this release may constitute “forward-looking
statements,” as defined by the Private Securities Litigation Reform Act
of 1995. These statements involve a number of risks, uncertainties and
other factors, as discussed in the Company’s filing with the Securities
and Exchange Commission that could cause actual results to differ.

Nordson Corporation engineers, manufactures and markets differentiated
products and systems used for the precision dispensing of adhesives,
coatings, sealants, biomaterials, polymers, plastics and other
materials, fluid management, test and inspection, UV curing and plasma
surface treatment, all supported by application expertise and direct
global sales and service. Nordson serves a wide variety of consumer
non-durable, durable and technology end markets including packaging,
nonwovens, electronics, medical, appliances, energy, transportation,
construction, and general product assembly and finishing. Founded in
1954 and headquartered in Westlake, Ohio, the company has operations and
support offices in more than 35 countries. Visit Nordson on the web at http://www.nordson.com,
@Nordson_Corp,
or www.facebook.com/nordson.

Contacts

Lara Mahoney
Vice President, Investor Relations and Corporate
Communications
440-414-5639
lara.mahoney@nordson.com

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Business Wire

Bin Zayed Group’s global oil chain and BBOSS reached a strategic cooperation

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NEW YORK–(BUSINESS WIRE)–Recently, Top investment master in the world, Prince of Abu Dhabi, Chairman of the Board of Directors of the Bin Zayed Group, His Excellency Sheikh Khaled Bing Zayed Al Nahyan, Chairman of the Board of Directors of the Abu Dhabi Sovereign Fund, chaired the “Global refueling chain OPC Strategic Cooperation Seminar” in Bangkok, Thailand. The Bin Zayed Group, a partner from 50 countries around the world, held a one-day strategic discussion on the use of the BBOSS accounting tool to launch the global refueling chain. Finally reached a consensus that the OPC global refueling system uses the BBOSS accounting tool as a third-party tool for OPC points.

Liu Shijiang, secretary general of the China Aviation Rescue Alliance, attended the seminar and reached a strategic cooperation intention on the cooperation between the Air Rescue Association and OPC.

(BIN ZAYED GROUP, (BZG),) is a global oil, energy, bank, finance, real estate, top hotel, antique and cultural relics investment enterprise founded by Prince Sheikh Khaled Bin Zayed Al Nahyan. Its “Abu Dhabi sovereign fund”, with a size of $1.3 trillion (10 trillion yuan), once ranked first in the world and now ranks second in the world.

The global refueling chain project launched by the Bin Zayed Group is the first subdivided market project based on block chain technology to solve the problem of gas stations. This project not only solves the problem of expensive refueling, The problem of the number of passengers at gas stations is due to the use of the BBOSS points tool to give all participants more benefits. The global network of global refueling chain projects will make full use of the BBOSS accounting tool, meaning that the physical application of BBOSS tools is rapidly expanding to more areas around the world.

The cooperation with the China Aviation Rescue Alliance also applies the oil chain to people’s livelihood, refueling BBOSS Token to let more consumers feel the convenience and benefits of BBOSS accounting tools to their lives.

Contacts

Jan Liu

Jan@globalnews.com

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Business Wire

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Textron Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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LOS ANGELES–(BUSINESS WIRE)–$TXT #TXTThe Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Textron Inc. (“Textron” or “the Company”) (NYSE: TXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between January 31, 2018 and October 17, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before October 21, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Textron suffered from slowing end-market sales of Arctic Cat products, leaving the sales channel filled with excess inventory. The Company provided significant discounts in an effort to clear the aging inventory, which impacted its earnings. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Textron, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.

www.schallfirm.com

Office: 310-301-3335

Cell: 424-303-1964

info@schallfirm.com

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Business Wire

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Textron Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Business Wire

Published

on

Reading Time: 2 minutes

LOS ANGELES–(BUSINESS WIRE)–$TXT #TXTThe Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Textron Inc. (“Textron” or “the Company”) (NYSE: TXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between January 31, 2018 and October 17, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before October 21, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Textron suffered from slowing end-market sales of Arctic Cat products, leaving the sales channel filled with excess inventory. The Company provided significant discounts in an effort to clear the aging inventory, which impacted its earnings. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Textron, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.

www.schallfirm.com

Office: 310-301-3335

Cell: 424-303-1964

info@schallfirm.com

Continue Reading

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