Baker Cunningham, president and CEO of Belden CDT Inc. has decided to accelerate his plan to retire in 2006 at the ...
May 20, 2005
Baker Cunningham, president and CEO of Belden CDT Inc. has decided to accelerate his plan to retire in 2006 at the age of 65.
Cunningham said at the company’s annual meeting that no formal retirement date has been set, and he will remain in his current position with Belden CDT during the transition to its new CEO.
Bryan Cressey is chairman of Belden CDT’s board of directors and will remain in that role. Belden CDT was formed in July 2004 through the merger of Belden Inc. and Cable Design Technologies Corporation.
"The company is performing well and has the strength and financial flexibility to make measured long-term choices about its future," Cunningham said. "The integration of Belden and Cable Design Technologies is in the hands of our capable management and significantly ahead of schedule, and the opportunities for the combined company are outstanding.
"Starting the CEO transition now enables the person who will lead Belden CDT in its next stage of development to be part of our long-term strategic planning process as we focus on the future of our company."