LOS ANGELES -- Ducommun today announced Stephen G. Oswald will join the company as president and chief executive effective Jan. 23.

Anthony J. Reardon will step down as CEO but continue as executive chairman of Ducommun.

Oswald was previously CEO of Capital Safety and a senior executive at United Technologies.

“We are very excited to have Steve join Ducommun later this month following his many years of achievement with an impressive array of blue chip companies,” said Anthony J. Reardon, chairman, president and chief executive officer. “The Board led an extensive search to find an accomplished individual to assume the leadership of Ducommun, and Steve is clearly the right person for the job. With executive experience at organizations including Capital Safety, UTC, Hoechst Celanese, and GE, his knowledge of relevant industrial businesses will help him immediately contribute to our financial results and long-term growth. Steve is a proven leader who we are confident can leverage Ducommun’s capabilities and deliver higher returns for our shareholders.”

Oswald added, “I am looking forward to joining Ducommun and working with Tony and the team along with the Board of Directors to deliver tremendous value to our aerospace and defense customers. I believe the future is bright at Ducommun – with a talented and experienced workforce, new technologies coming online in 2017, and significant manufacturing capabilities that differentiate us from the competition.”

Oswald has 30 years of industry experience including executive positions at United Technologies (UTC), General Electric, and Hoechst Celanese. Most recently he was CEO of Capital Safety, a former Kohlberg, Kravis and Roberts portfolio company purchased in 2012 for $1.12 billion, where he worked for over three years and successfully grew the company’s revenue at a compounded annual rate of 10%, after which the business was sold to 3M for $2.5 billion in 2015. At UTC he spent 15 years in various leadership roles, including president of the Hamilton Sundstrand Industrial Division; he led this division to over $1 billion in revenue and achieved strong EBITDA growth during his tenure. Oswald also served as president of Sullair, a subsidiary of the HS Industrial Division, and as director of operations for Pratt & Whitney Power Systems, among other leadership roles during his time at UTC. In these positions, Mr. Oswald drove operational excellence across each organization – reducing waste and increasing productivity – and implemented initiatives to improve supply chain management, product development, and customer service.

He holds an MBA from the University of Chicago and a masters in industrial engineering from the University of Cincinnati. He is a graduate of New York University’s Tandon School of Engineering with a bachelor's in industrial engineering and is also a graduate of the GE Manufacturing Management Program (MMP).

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