AMETEK Increases Dividend, Announces Changes - Modern Distribution Management

Log In

AMETEK Increases Dividend, Announces Changes

The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
AMETEK 1Q 2022 sales

Berwyn, Pennsylvania-based manufacturer AMETEK said its board of directors has approved a 10% increase in its quarterly cash dividend on common stock to $0.22 per share from $0.20 per share.

The dividend is payable on March 31 to shareholders of record as of March 10. This dividend increase will raise the indicated annual rate to $0.88 per share, AMETEK said.

The company also announced multiple changes in leadership, including the appointment of Dean Seavers as a new director of the company effective February 24. Seavers most recently worked as president and executive director for National Grid, a provider of electricity, natural gas and clean energy solutions.

AMETEK appointed Joseph Plante as vice president and general manager of AMETEK’s Instrumentation & Specialty Controls division (ISCD). Plante previously worked as division vice president and business unit manager for AMETEK Brookfield.

The company also appointed Sheraz Ahmed as vice president and general manager of the AMETEK Maintenance, Repair, and Overhaul (MRO) division.  He will be replacing Brian Hoffmann, who announced his intention to retire following his 17-year tenure with the company.

“I want to thank Brian for his dedication to AMETEK and his many important contributions,” said David A. Zapico, AMETEK chairman and CEO. “He has been vital to the success of our company and the growth of our MRO division. We wish Brian and his family all the best on his retirement.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.