Stephanie Kushner Appointed to Broadwind Energy’s Board of Directors
March 09 2016 - 7:46PM
Broadwind Energy, Inc. (NASDAQ:BWEN) announced today the
appointment of Stephanie Kushner, the Company’s Interim President
and CEO and CFO, to its Board of Directors.
Broadwind’s Chairman of the Board, David Reiland,
stated, “Stephanie has made a strong contribution at Broadwind. Her
more than 30 years of global industrial business leadership, and
more than 10 years of board experience, make her a valuable
addition to the Board.”
Kushner, 60, has been the Company’s Chief Financial
Officer since August 2009. Prior to joining Broadwind, she served
as CFO of publicly traded Federal Signal Corporation for six years,
and as Vice President - Treasury and Corporate Development at FMC
Technologies Corporation. Before that, she held several global
finance leadership positions with FMC Corporation, and earlier
positions with Homestake Mining and Cypress Minerals. Kushner holds
an MBA degree from the Wharton School at the University of
Pennsylvania, and a bachelor's degree in economics from Douglass
College at Rutgers University.
About Broadwind Energy,
Inc.Broadwind Energy (NASDAQ:BWEN) applies decades of deep
industrial expertise to innovate integrated solutions for customers
in the energy and infrastructure markets. From gears and gearing
systems for wind, oil and gas and mining applications, to wind
towers and industrial weldments, we have solutions for the energy
needs of the future. With facilities throughout the central U.S.,
Broadwind Energy's talented team is committed to helping customers
maximize performance of their investments—quicker, easier and
smarter. Find out more at www.bwen.com
Forward-Looking Statements
This release contains “forward‑looking
statements”—that is, statements related to future, not past,
events—as defined in Section 21E of the Securities Exchange
Act of 1934, as amended, that reflect our current expectations
regarding our future growth, results of operations, financial
condition, cash flows, performance, business prospects and
opportunities, as well as assumptions made by, and information
currently available to, our management. Forward‑looking statements
include any statement that does not directly relate to a current or
historical fact. We have tried to identify forward‑looking
statements by using words such as “anticipate,” “believe,”
“expect,” “intend,” “will,” “should,” “may,” “plan” and similar
expressions, but these words are not the exclusive means of
identifying forward‑looking statements. Our forward‑looking
statements may include or relate to the following: (i) our
expectations relating to state, local and federal regulatory
frameworks affecting the industries in which we compete, including
the wind energy industry, and the related extension, continuation
or renewal of federal tax incentives and grants and state renewable
portfolio standards; (ii) our expectations with respect to our
customer relationships and efforts to diversify our customer base
and sector focus and leverage customer relationships across
business units; (iii) our plans to continue to grow our
business organically; (iv) our beliefs with respect to the
sufficiency of our liquidity and our plans to evaluate alternate
sources of funding if necessary; (v) our plans and
assumptions, including estimated costs and saving opportunities,
regarding our restructuring efforts; (vi) our ability to
realize revenue from customer orders and backlog; (vii) our
ability to operate our business efficiently, manage capital
expenditures and costs effectively, and generate cash flow;
(viii) our beliefs and expectations relating to the economy
and the potential impact it may have on our business, including our
customers; (ix) our beliefs regarding the state of the wind
energy market and other energy and industrial markets generally and
the impact of competition and economic volatility in those markets;
(x) our beliefs and expectations relating to the effects of
market disruptions and regular market volatility, including the
fluctuations in the price of oil, gas and other commodities; and
(xi) the potential loss of tax benefits if we experience an
“ownership change” under Section 382 of the Internal Revenue
Code of 1986, as amended. These statements are based on information
currently available to us and are subject to various risks,
uncertainties and other factors that could cause our actual growth,
results of operations, financial condition, cash flows,
performance, business prospects and opportunities to differ
materially from those expressed in, or implied by, these
statements. We are under no duty to update any of the
forward-looking statements after the date of this release to
conform such statements to actual results. You should not consider
any list of such factors to be an exhaustive statement of all of
the risks, uncertainties or potentially inaccurate assumptions that
could cause our current expectations or beliefs to change.
BWEN INVESTOR CONTACT: Joni Konstantelos, 708.780.4819 joni.konstantelos@bwen.com
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