Broadwind Energy, Inc. Announces CEO Succession
December 09 2019 - 9:00AM
Broadwind Energy, Inc. (NASDAQ: BWEN), a leading precision
manufacturer of structures, equipment and components for clean tech
and other specialized applications, today announced that its Board
of Directors has named Eric Blashford as the Company’s incoming CEO
and President, following the retirement of Stephanie Kushner.
The leadership transition is effective March 1, 2020, at which time
Mr. Blashford will also be named to the Company’s Board of
Directors. Ms. Kushner will continue to serve as a member of
the Board of Directors following her retirement from the Company.
“During her tenure as CEO, Stephanie was
instrumental in driving transformational strategic initiatives that
improved our competitive positioning, diversified the customer base
and enhanced the reliability of our manufacturing centers,” stated
David Reiland, Chairman of the Board of Directors. Under her
leadership, together with that of Eric Blashford, our incoming CEO,
Broadwind has invested in targeted systems initiatives and related
commercial manufacturing processes to support a broader, more
diverse product offering. We are delighted that Stephanie
will continue to contribute as a member of the Board of
Directors.”
“The selection of Eric Blashford as the
Company’s incoming CEO reflects the culmination of a multi-year
succession planning process,” continued Reiland. “Eric is a
proven, highly regarded leader within our industry, one
well-equipped to lead Broadwind into its next phase of
growth. Our Board is confident that Eric will execute on our
existing strategy, which includes a focus on the profitable
diversification of our customer base and end-markets.”
“As our Chief Operating Officer, Eric
consistently demonstrated the leadership qualities required to
drive profitable growth at Broadwind,” stated Stephanie Kushner,
CEO. “Eric’s ongoing management of initiatives to improve and
systematize core manufacturing capabilities, build strong customer
relationships and improve commercial execution have been integral
to the successful competitive positioning of our business.
More recently, his efforts to enhance product diversification
across all business units, most notably through the expansion of
our Heavy Fabrications product line and the diversification of Brad
Foote Gearing and Red Wolf, have positioned the business for
reduced cyclicality and improved execution.”
Mr. Blashford, 55, has more than 30 years of
experience within the industrial manufacturing sector. Since
2014, Blashford has served in several senior leadership roles at
Broadwind, including President of the Towers and Heavy Fabrications
segment and, more recently as Chief Operating Officer. Prior
to joining Broadwind, Mr. Blashford led industrial manufacturing
companies within Heico Companies and The Scott Fetzer Co. Mr.
Blashford holds an MBA from Kent State and a BS in Accounting from
the University of Akron.
About Broadwind Energy
Broadwind Energy (NASDAQ: BWEN) is a precision
manufacturer of structures, equipment and components for clean tech
and other specialized applications. With facilities throughout the
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
Corporate Contact
Jason Bonfigt
708.780.4821
Broadwind (NASDAQ:BWEN)
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