Penn Changes Name, Reorganizes Business Units and Names New Executives

John Wolz

Penn Engineering & Manufacturing Corp. adopted a new name � PennEngineering � reorganized its business units and named new executives.\
The new business units are designed to define the industry sectors in which they operate: fasteners and Pemserter presses are in the Pem Fastening Systems unit: rivet nut fasteners are in Atlas Engineering; distribution and logistics in Arconix Group; and DC motors are in Pittman.
Penn added senior vice president to CFO Mark Simon�s title; named Raymond Bievenour vice president for corporate business development and Royce Sturdevant, vice president for corporate quality.
Promoted to president of the units are: Francis Wilson,Pem Fastening Systems, Paul Perry, Atlas; Victor Carlson, Arxonix; and Kent Fretz, Pittman.
Danboro, PA-based PennEngineering was founded in 1942 and has locations in North Carolina, Virginia, Europe, Asia and independent distribution facilities in more than 40 countries. www.penn-eng.com