OAK BROOK, Ill., Sept. 22 /PRNewswire-FirstCall/ -- Federal Signal Corporation (NYSE: FSS), a leader in advancing security and well-being for communities and workplaces around the world, today announced that Leo T. Mahon has been appointed to the newly created position of Vice President of Strategy, Business Development and Investor Relations. Since January 2009, Mr. Mahon has provided consulting services to Federal Signal in connection with the development and implementation of the Company's strategy to deliver long-term consistent, profitable growth, enhance earnings and cash flow, and create stockholder value.
In his new role, reporting to William H. Osborne, president and chief executive officer of Federal Signal, Mr. Mahon will have direct responsibility for Federal Signal's business development and corporate strategy functions. Mr. Mahon will also be responsible for investor relations.
"Leo brings a combination of extensive industry knowledge, financial acumen and a clear vision for effective corporate strategy," said Mr. Osborne. "Leo has already made a great contribution to our Company and I am delighted that we will continue to benefit from his valuable insights and appreciation of our Company's strengths as we continue to deliver products and solutions that protect people, property and the environment."
"I am honored to join Federal Signal as the Vice President of Strategy, Business Development and Investor Relations," said Mr. Mahon. "Having advised Federal Signal for many years and working as part of the Federal Signal team since the beginning of this year, I have developed great respect for the company and its strong suite of market leading products. I look forward to continuing to work with the management team and the board in my new role."
Previously, Mr. Mahon served as Vice President in the industrial investment banking group at Goldman Sachs. Prior to that he served as a Vice President in the investment banking group at Morgan Stanley, and Audit Manager at KPMG. Mr. Mahon holds a Master's degree in Business Administration from the University of Chicago Graduate School of Business and Bachelor of Science degrees in Finance and Accounting from Marquette University.
About Federal Signal
Federal Signal Corporation (NYSE: FSS - News) enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates three groups: Safety and Security Systems, Environmental Solutions and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com.
Forward-Looking Language
This release contains various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.
SOURCE Federal Signal Corporation
