Paul Oldham to Join Advanced Energy as Chief Financial Officer
March 29 2018 - 4:05PM
Advanced Energy Industries, Inc. (NASDAQ:AEIS), a global leader in
innovative power and control technologies, today announced that
Paul R Oldham, former senior vice president of administration,
chief financial officer and corporate secretary of Electro
Scientific Industries, Inc., a leading developer and manufacturer
of laser-based production equipment (“ESI”), will join the company
as its executive vice president and chief financial officer on May
2, 2018, reporting to Yuval Wasserman, president & chief
executive officer.
Paul brings 30 years of experience in finance and administration
and has spent the last 10 years as the CFO of ESI, a leading
publicly traded technology company. Paul helped lead ESI through a
significant multi-year transformation resulting in strong revenue
growth and profitability. Prior to joining ESI, Paul held several
senior leadership positions, including vice president finance and
corporate controller, vice president treasurer and investor
relations and European operations controller at Tektronix, Inc., a
test, measurement, and monitoring company.
“I am excited with the addition of such an experienced and
strong public company financial executive from our industry,” said
Yuval Wasserman. “Paul is a proven leader with a keen focus on
growth and transformation. My team and I look forward to working
with him as we continue to innovate, grow and invest in the future
of Advanced Energy," said Yuval.
“I am thrilled to join the Advanced Energy team at this
exciting time for the company and the industry. I look forward to
working with Yuval and the team to execute on the company’s
strategic and operational objectives,” said Paul.
Paul holds a Bachelor’s Degree in Accounting and an MBA in
accounting and finance from Brigham Young University.
About Advanced Energy
Advanced Energy (NASDAQ:AEIS) is a global leader in innovative
power and control technologies for high-growth, precision power
solutions for thin films processes and industrial applications.
Advanced Energy is headquartered in Fort Collins, Colorado, with
dedicated support and service locations around the world. For more
information, go to www.advanced-energy.com.
Advanced Energy and the Advanced Energy logo are trademarks of
Advanced Energy Industries, Inc. or one of its Affiliates in the
United States and elsewhere.
For more information, contact:
Tom McGimpseyAdvanced
Energy Industries, Inc.(970) 407-6326tom.mcgimpsey@aei.com |
Annie Leschin/Rhonda
BennettoAdvanced Energy Industries, Inc.(970)
407-6555ir@aei.com |
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Exchange Act of 1934
that involve a number of risks and uncertainties. Such
forward-looking statements include statements which may be preceded
by the words "plan," "will," "expect," "believe," or similar words.
Other risks are described in Advanced Energy's Form 10-K, Forms
10-Q and other reports and statements filed with the Securities and
Exchange Commission. These reports and statements are available on
the SEC's website at www.sec.gov. Copies may also be obtained from
Advanced Energy's website at www.advancedenergy.com or by
contacting Advanced Energy's investor relations at 970-407-6555.
Forward-looking statements are made and based on information
available to the company on the date of this press release. The
company assumes no obligation to update the information in this
press release.
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