Nortech Systems Appoints Chief Operating Officer
May 17 2017 - 4:30PM
Business Wire
Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider
of full-service electronics manufacturing services (EMS), today
announced that its board of directors has appointed Matthew
Mahmood, 47, as chief operating officer (COO). In this role,
Mahmood will be responsible for overseeing all aspects of Nortech’s
manufacturing, engineering, global sourcing and business
development for its three core markets: medical, industrial and
aerospace/defense.
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Matt Mahmood, COO Nortech Systems (Photo:
Nortech Systems)
Mahmood brings Nortech over 20 years of management experience in
manufacturing, technology and finance, with proven expertise
creating and growing companies to maximize productivity,
profitability, customer relations and shareholder value. He joins
Nortech from Marabek LLC in Minneapolis, Minn., an advisory,
acquisitions and holding company with a global reach; he was
managing director.
“We are pleased to welcome Matt to our management team and
excited about the contributions he’ll make helping propel Nortech’s
growth and continued evolution,” said Rich Wasielewski, Nortech
Systems’ president and CEO. “As a global manufacturer supporting
multinational customers, Matt’s expertise in operations,
organizational development and international business will prove
invaluable.
“Along with his entrepreneurial mindset, Matt offers a unique
combination of skills and capabilities, including manufacturing
management, corporate finance, technology implementation and
customer relations,” explained Wasielewski. He added that Mahmood’s
management approach is influenced by specialized analytics and
metric-driven decision-making.
From 2002 to 2015, Mahmood was COO at Thermotech Inc. / Pioneer
Plastics Inc., of Hopkins and Eagan, Minn., a manufacturing and
injection-molding company that supplies global Fortune 1000
companies in the U.S., Mexico, Asia and Europe. Pioneer and its
subsidiaries also provide contract manufacturing, assembly and
logistics services. During his tenure, revenue increased from $3
million to over $100 million.
Prior to that, Mahmood was founder and COO for Circata
Corporation in Eagan, Minn., a wireless infrastructure
developer. Earlier he worked as a senior management and business
development advisor with American Express in Minneapolis.
“This is an exciting time to join Nortech, with our
globalization strategy, ongoing business transformation and
promising opportunities in medical markets and intellectual
property development,” commented Mahmood. “My experience with
growing businesses can help us better leverage our people,
capabilities and global resources.” Mahmood’s office will be at
Nortech’s headquarters in Maple Grove, Minn.
He earned a master’s degree in business administration from the
Carlson School of Management at the University of Minnesota.
Mahmood is currently active on boards of two Minnesota universities
and three non-profits.
About Nortech Systems
IncorporatedNortech Systems Incorporated
(www.nortechsys.com), based in Maple Grove, Minn., is a
full-service electronics manufacturing services (EMS) provider of
wire and cable assemblies, printed circuit board assemblies, and
higher-level complete box build assemblies for a wide range of
industries. Markets served include medical, industrial and
aerospace/defense. The company has operations in the U.S., Latin
America and Asia. Nortech Systems Incorporated is traded on the
NASDAQ Stock Market under the symbol NSYS.
Forward-Looking
StatementsThis press release contains forward-looking
statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. While this
release is based on management’s best judgment and current
expectations, actual results may differ and involve a number of
risks and uncertainties. Important factors that could cause actual
results to differ materially from the forward-looking statements
include, without limitation: volatility in market conditions which
may affect market supply of and demand for the company’s products;
increased competition; changes in the reliability and efficiency of
operating facilities or those of third parties; risks related to
availability of labor; commodity and energy cost instability;
general economic, financial and business conditions that could
affect the company’s financial condition and results of operations;
as well as risk factors listed from time to time in the company’s
filings with the SEC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170517006307/en/
Nortech Systems IncorporatedPaula Graff, 952-345-2244orBrookside
Communications GroupWarren Djerf, 952-920-3908 or
warren@brookcomm.net
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