New CEO Joins Capital Safety

Stephen Oswald has been brought in from United Technologies Corporation, the company announced March 14.

Red Wing, Minn.-based Capital Safety, a leading manufacturer of fall protection equipment under the DBI-SALA, UNILINE and PROTECTA brands, introduced Stephen Oswald as its new chief executive officer on March 14. He previously held several executive roles during a 15-year career at United Technologies Corporation, most recently serving as integration leader for its acquisition of GE Security, and was president of the Hamilton Sundstrand Industrial Division and the Sullair Corporation, according to Capital Safety's announcement.

Stephen Oswald joined Capital Safety as CEO in March 2012."Stephen has a successful and repeated track record of growing top and bottom lines in industrial markets. Combine this with his strong organizational and operations background, as well as his high-energy leadership style, and it's easy to see why we are so optimistic about our future together," said Pat Velasco, chairman of Capital Safety. "He joins us after two excellent years of growth, and the addition of Stephen to our team sets the stage for continued strong performance going forward."

"I am very pleased to be joining Capital Safety and look forward to continuing the strong customer focus tradition and further expanding the global footprint," said Oswald. "Capital Safety is a growing company with a strong team making a difference in the area of workplace safety worldwide, and I see unlimited potential in the future."

Oswald will assume the role of CEO effective March 26 and will be based at Capital Safety's headquarters. The company's operations include 20 manufacturing, distribution, and training facilities worldwide.

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