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JBT Corporation Announces Appointment of Executive Vice President, Corporate Development

CHICAGO, March 31, 2016 /PRNewswire/ -- JBT Corporation (NYSE: JBT), today announced the Company's Board of Directors has appointed Debarshi Sengupta as Executive Vice President, Corporate Development effective April 1, 2016. Debarshi will serve as a member of JBT's Executive Leadership Team reporting to JBT's Chairman, President and CEO, Tom Giacomini.

Mr. Giacomini stated, "Continued development of our targeted long-term strategy and a highly effective mergers and acquisitions process will be important in driving our performance going forward. Debarshi's appointment recognizes the importance JBT attributes to the Corporate Development function." 

In addition to Corporate Development, Mr. Sengupta will continue to lead JBT's efforts in Investor Relations and Financial Planning and Analysis.

Mr. Sengupta joined JBT in 2009 as a Business Planner. He subsequently assumed leadership of IR and FP&A in 2011. Mr. Sengupta also assumed the Corporate Development portfolio in 2014 as Vice President, Corporate Development and IR. Prior to JBT, Mr. Sengupta worked as a consumer & retail investment banker at Banc of America Securities. Mr. Sengupta graduated from the University of Texas at Austin with a Bachelor's Degree in Electrical Engineering and has Master's Degrees in Engineering Management and Business Administration from Northwestern University's McCormick School of Engineering and Kellogg School of Management, respectively. 

John Bean Technologies Corporation (JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with a focus on proteins, liquid foods and automated systems. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its JBT FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 4,200 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries. For more information, please visit http://www.jbtcorporation.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

 

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SOURCE JBT Corporation

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