Exhibit 99.1
FOR RELEASE: Immediately
Contact:
Richard K. Arter Investor Relations 941-362-1200
Richard J. Dobbyn Chief Financial Officer 941-362-1200
SUN HYDRAULICS EXPANDS BOARD TO NINE DIRECTORS,
APPOINTS DR. MARC BERTONECHE TO FILL NEW BOARD SEAT
SARASOTA, FLA, October 10, 2001, 2001 -- Sun Hydraulics Corporation (NASDAQ:
SNHY), announces that its board of directors, at their August meeting, appointed
Dr. Marc Bertoneche to fill a newly created board seat. Dr. Bertoneche holds a
chair as Professor in Business Administration at the University of Bordeaux in
France, and has been on the Faculty of INSEAD, the European Institute of
Business Administration in Fontainebleau, France for more than twenty years. He
has also been a visiting professor at Northwestern University and the Harvard
Business School, where he received the Harvard Business School's Faculty Award
in 1999 and 2000.
In addition to the aforementioned activities, Professor Bertoneche has developed
and taught in many executive programs around the world with clients that have
included L'Air Liquide, AstraZenaca, Baxter International, Carrefour, Disneyland
Paris, Electrolux, Goodyear, Hewlett-Packard, Honeywell, IBM, Kimberly-Clark,
L'Oreal, Philips, Rhone-Poulenc, SAS International Hotels, St. Gobain, Schneider
Electric, and Unilever. A consultant to a wide variety of organizations, his
assignments have involved him in many finance related areas including financial
planning, working capital management, corporate valuation, mergers and
acquisitions, value management, and hedging interest rate and foreign exchange
exposures. Professor Bertoneche is a director of the board of several
organizations ranging from multinational companies to smaller ventures, where he
has been part of the founding teams.
Sun Hydraulics Corporation is a leading designer and manufacturer of high
performance screw-in hydraulic cartridge valves and manifolds for worldwide
industrial and mobile markets. For more information about Sun, please visit our
website at www.sunhydraulics.com.
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