CHARLOTTE, N.C., Dec. 16, 2021 /PRNewswire/ -- NN, Inc.
(NASDAQ: NNBR), a diversified industrial company, today announced
J. Andrew Wall will join the organization as Senior Vice
President and Chief Commercial Officer, effective January 10, 2022. In this newly created
executive position, Wall will play an integral role in driving and
executing NN's global commercial strategy, directing global
customer sales groups and focusing business development
activities. He will also lead activities to leverage revenue
synergies across the Mobile Solutions and Power Solutions business
segments in targeted growth areas such as electric vehicles, grid
infrastructure and power transformation.
"We are pleased to welcome Andrew to our executive team. He will
play a vital role in advancing our business growth strategy and
capturing additional market share driven by end market megatrends
in the electric grid and electric vehicle markets," said
Warren Veltman, President and Chief
Executive Officer of NN. "Andrew's deep experience in driving high
performing sales organizations will help ensure that our team
continues prioritizing our long-term customer relationships, while
also advancing our technologies to deepen our market reach. His
more than 15 years of electric power industry experience and
extensive industry knowledge, along with his hands-on management
style, will be invaluable as we execute on our broader growth
strategy."
"I am excited to join NN's executive team and am eager to
leverage my years of electrical industry experience to enhance NN's
commercial strategy and maximize synergies across NN's portfolio,"
said Mr. Wall. "The Company's innovative engineering and production
capabilities position it to benefit from areas in the market that
are experiencing rapid growth and long-term transformational
trends. I am looking forward to working alongside such a talented
group, as we leverage NN's core manufacturing capabilities across
our businesses to expand our share of wallet with existing
customers while targeting new strategic relationships."
Mr. Wall brings an extensive sales, marketing and operations
background in the power and industrial solutions space. Prior to
joining the Company, he served in numerous management positions for
ABB, Ltd., a publicly held, global manufacturer of heavy electrical
equipment and automation technology. Most recently, Mr. Wall served
as Vice President, Product Marketing and Sales, Electrification
U.S., where he was responsible for leading the creation and
implementation of ABB's U.S. product marketing strategy. Before
that, Mr. Wall served as Vice President and General Manager, Power
Products Services U.S., where he was in charge of all functional
aspects of the business including marketing and sales, project
management, factory manufacturing operations, field service
operations, and engineering. He serves on the Board of Directors
for Research Triangle Cleantech Cluster, an industry-funded,
industry-led initiative focused on accelerating cleantech
innovation and the cleantech economy of North Carolina. Mr. Wall holds a Bachelor of
Science, Business Management from North
Carolina State University and a Master of Business
Administration from Elon University.
About NN, Inc.
NN, Inc., a diversified industrial company, combines advanced
engineering and production capabilities with in-depth materials
science expertise to design and manufacture high-precision
components and assemblies for a variety of markets on a global
basis. Headquartered in Charlotte, North
Carolina, NN has 31 facilities in North America, Europe, South
America, and China.
Except for specific historical information, many of the
matters discussed in this press release may express or imply
projections of revenues or expenditures, statements of plans and
objectives or future operations or statements of future economic
performance. These, and similar statements, are forward-looking
statements concerning matters that involve risks, uncertainties and
other factors which may cause the actual performance of NN, Inc.
and its subsidiaries to differ materially from those expressed or
implied by this discussion. All forward-looking information is
provided by the Company pursuant to the safe harbor established
under the Private Securities Litigation Reform Act of 1995 and
should be evaluated in the context of these factors.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "assumptions", "target",
"guidance", "outlook", "plans", "projection", "may", "will",
"would", "expect", "intend", "estimate", "anticipate", "believe",
"potential" or "continue" (or the negative or other derivatives of
each of these terms) or similar terminology. Factors which could
materially affect actual results include, but are not limited to:
general economic conditions and economic conditions in the
industrial sector, the impacts of the coronavirus (COVID-19)
pandemic on the Company's financial condition, business operations
and liquidity, inventory levels, regulatory compliance costs and
the Company's ability to manage these costs, start-up costs for new
operations, debt reduction, competitive influences, risks that
current customers will commence or increase captive production,
risks of capacity underutilization, quality issues, availability
and price of raw materials, currency and other risks associated
with international trade, the Company's dependence on certain major
customers, and the successful implementation of the global growth
plan including development of new products. Similarly, statements
made herein and elsewhere regarding pending and completed
transactions are also forward-looking statements, including
statements relating to the future performance and prospects of an
acquired business, the expected benefits of an acquisition on the
Company's future business and operations and the ability of the
Company to successfully integrate recently acquired
businesses.
For additional information concerning such risk factors and
cautionary statements, please see the section titled "Risk Factors"
in the Company's periodic reports filed with the Securities and
Exchange Commission, including, but not limited to, the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and, when filed, the Company's
Quarterly Report on Form 10-Q for the three months ended
September 30, 2021. Except as
required by law, we undertake no obligation to update or revise any
forward-looking statements we make in our press releases, whether
as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION:
Jeff Tryka, CFA
Investor Relations Contact
jtryka@lambert.com
616-295-2509
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SOURCE NN, Inc.