AETI names former GE Veteran Marcelo Monteiro to drive M&I Electric Brazil’s Industrial and Energy electrical services busi...
February 13 2017 - 9:00AM
American Electric Technologies, Inc. (NASDAQ:AETI), a leading
provider of power delivery solutions for the global energy industry
announced today that as part of its strategy to diversify its
global oil & gas related businesses that Marcelo Monteiro de
Carvalho has joined the company as Director, Industry and Energy
for its M&I Electric Brazil operation.
M&I Electric Brazil has rapidly grown its oil
& gas-related electrical services business in the Brazilian
market since its establishment in late 2014. In this newly
created role, Mr. Monteiro will be responsible for driving the
company’s market share in the power generation, steel and other
industrial markets in Brazil and Latin America. Monteiro will
report directly to M&I Electric Brazil Vice President and
General Manager Jose Octavio and will be located in the M&I
Electric Brazil’s office in Belo Horizonte.
Mr. Monteiro brings over 28 years of experience in
Sales, Operation and P&L Management in the Energy, Marine, Oil
& Gas and Industrial markets in Latin America. Monteiro was
most recently Director at Cinco Engenharia Ltda., a consulting
firm where he focused on Brazil and Latin American market entry
strategies for the electrical services industry. Prior to
that, he was Sales and Service Director, GE Power Conversion
Brazil, where he led GE’s efforts to grow their service business in
Latin America. Over his career, Monteiro has held service
leadership roles at Converteam, ALSTOM Power Conversion, CEGELEC
and ORTENG Equipamentos e Sistemas Ltda.
“We are excited to bring Marcelo on board with his
strong service leadership experience and background in the power
generation and industrial markets in Brazil,” said Jose Octavio,
Vice President and General Manager, M&I Electric Brazil.
“Marcelo’s business development, P&L and broad Latin American
experience will be an added benefit as we drive the next phase of
our company’s growth objectives.”
Mr. Monteiro has a degree in Physics from the
Universidade Federal de Minas Gerais, Electrical Engineering from
the Pontifícia Universidade Católica de Minas Gerais, and a MBA
from the FGV – OHIO University College of Business
“M&I Electric Brazil has made significant
strides in building a great team in Brazil in the past two years
and is well positioned to expand their market share in the power
generation and industrial markets” said Monteiro. “I’m excited to
join the team and look forward to helping Jose Octavio and the team
to profitably grow the company.”
American Electric Technologies, Inc. (NASDAQ:AETI)
is a leading supplier of power delivery solutions for the global
energy industry. AETI offers M&I Electric™ power distribution
and control products, electrical services, and E&I construction
services.
AETI is headquartered in Houston and has global
operations in Beaumont, Texas; and Rio de Janeiro, Belo Horizonte
and Macae, Brazil. In addition, AETI has minority interests in two
joint ventures, which have facilities located in Xian, China and
Singapore. AETI’s SEC filings, news and product/service information
are available at www.aeti.com.
Investor Contacts:
American Electric Technologies, Inc.
Bill Brod
713-644-8182
investorrelations@aeti.com
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