Woodward, Inc. Names Matthew F. Taylor President, Airframe Systems

FORT COLLINS, Colo., Dec. 04, 2017 -- Woodward, Inc. (NASDAQ:WWD) today announced that Matthew F. Taylor was appointed as President of the company’s Airframe Systems business group, effective February 2, 2018. Mr. Taylor will succeed Marty Glass, who recently announced his plan to retire from the Company.

Matt joined Woodward in 2005, and has been serving as Corporate Vice President, Global Supply Chain, since 2011. Matt has extensive experience in P&L management, business development, operations, sales, finance and strategic planning. In addition to his supply chain leadership role, Matt supported the three major acquisitions that established Woodward’s Airframe Systems business group, and served as the Vice President & General Manager, as well as the integration lead, of the company’s Thrust Reverser Actuation Systems business in Duarte, CA during the first eighteen months of operation following its acquisition. Other prior roles at Woodward include Director of Operations then General Manager of the Industrial Fluid Systems & Controls business.

“Since joining Woodward, Matt has become a highly respected member of our executive team, consistently achieving financial and strategic objectives,” said Tom Gendron, Chairman and CEO. “I am confident in his ability to drive operational excellence through continuous improvement, building on the solid foundation Marty has created in Airframe Systems.”

Prior to joining Woodward, Mr. Taylor served in various senior leadership positions at Delphi, Eaton Aerospace and Warner Electric. He holds a Bachelor of Science in Engineering from Michigan State University, and a Master’s in Management from Purdue University.

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.

Notice Regarding Forward-Looking Statements

The statements in this release contain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2017 and any subsequently filed Quarterly Report on Form 10-Q.