Advanced Energy Appoints Yuval Wasserman as President and Chief Operating Officer
December 17 2009 - 5:09PM
PR Newswire (US)
FORT COLLINS, Colo., Dec. 17 /PRNewswire-FirstCall/ -- Advanced
Energy Industries, Inc. (NASDAQ:AEIS) today announced that the
Board of Directors has appointed Yuval Wasserman as president
effective January 1, 2010. Mr. Wasserman will continue to serve as
COO, a position he has held since April 1, 2009. In addition to his
existing responsibilities for worldwide business operations, Mr.
Wasserman will assume responsibility for the next generation
product and technology development. Dr. Hans Betz will continue to
serve as Advanced Energy's chief executive officer (CEO) and will
focus on the long-term strategy of the company, including inorganic
growth opportunities. This will allow a strong focus on new
technologies and driving innovations to successfully position
Advanced Energy in fast growing emerging markets, in particular the
renewable energy opportunities. "Yuval has done an outstanding job
of leading our global operations, sales, service and marketing
organizations," said Dr. Betz. "We believe he will be a great asset
in this new role given his extensive experience, leadership
capability and knowledge of the company. Yuval's appointment will
allow us to place a strong focus on longer term growth
opportunities as he will drive the day to day business while I will
cover the strategic aspects of the business. This change comes at a
crucial time as we pursue our highly dynamic markets, and continue
our next phase of growth." "I am honored by this promotion and I am
excited to expand my responsibilities as president and help pave
the way for Advanced Energy's new opportunities," added Mr.
Wasserman. "Working with the rest of the team, I look forward to
strengthening AE's position in our core markets and maximizing our
potential in emerging markets." Mr. Wasserman joined Advanced
Energy in August 2007 as Senior Vice President, Sales, Marketing
and Service, and was promoted in October 2007 to Executive Vice
President, Sales, Marketing and Service. In April 2009 he became
the company's Chief Operating Officer. Prior to joining Advanced
Energy, he served as the president and chief executive officer of
Tevet Process Control Technologies, Inc. About Advanced Energy
Advanced Energy® is a global leader in innovative power and control
technologies for high-growth, thin-film manufacturing and
solar-power generation. Specifically, AE targets solar grid-tie
inverters, solar cells, semiconductors, flat panel displays, data
storage products, architectural glass and other advanced
applications. http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Lawrence D. Firestone, +1-970-407-6570, , or Annie
Leschin/Vanessa Lehr, +1-970-407-6555, , all of Advanced Energy
Industries, Inc. 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