Advanced Energy Announces Resignation of Chief Financial Officer
December 05 2005 - 8:29PM
PR Newswire (US)
FORT COLLINS, Colo., Dec. 5 /PRNewswire-FirstCall/ -- Advanced
Energy Industries, Inc. (NASDAQ:AEIS) today announced that Mike
El-Hillow, executive vice president and chief financial officer,
has resigned and will be departing the company effective December
30, 2005. To meet his desire to return to the East Coast, Mr.
El-Hillow has accepted a new position as chief financial officer at
a Connecticut-based company. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) Hans Betz,
president and chief executive officer of Advanced Energy, said,
"Mike has made significant contributions to the organization during
his four years here. His diligent efforts have helped lead the
company to a very solid financial position, which enables us to
maximize our strategic opportunities. Mike has also built a strong
finance department, which will be invaluable to the transition
effort. While we regret that Mike is returning to the East Coast,
we understand his desire to be closer to family and wish him the
best." The company will begin a search for Mr. El-Hillow's
replacement immediately. About Advanced Energy Advanced Energy is a
global leader in the development and support of technologies
critical to high-technology, high-growth manufacturing processes
used in the production of semiconductors, flat panel displays, data
storage products, solar cells, architectural glass, and other
advanced product applications. Leveraging a diverse product
portfolio and technology leadership, Advanced Energy creates
solutions that maximize process impact, improve productivity and
lower the cost of ownership for its customers. This portfolio
includes a comprehensive line of technology solutions in power,
flow, thermal management, and plasma and ion beam sources for
original equipment manufacturers (OEMs) and end-users around the
world. Advanced Energy operates in regional centers in North
America, Asia and Europe and offers global sales and support
through direct offices, representatives and distributors. Founded
in 1981, Advanced Energy is a publicly held company traded on the
Nasdaq National Market under the symbol AEIS. For more information,
please visit our corporate website:
http://www.advanced-energy.com/.
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Cathy Kawakami, Director, Investor Relations of
Advanced Energy Industries, Inc., +1-970-407-6732, Web site:
http://www.advanced-energy.com/
Copyright
Advanced Energy Industries (NASDAQ:AEIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Advanced Energy Industries (NASDAQ:AEIS)
Historical Stock Chart
From Jul 2023 to Jul 2024