Advanced Energy Announces Resignation of Chief Financial Officer
August 11 2010 - 5:00PM
Business Wire
Advanced Energy Industries, Inc. (Nasdaq GM: AEIS) (“Advanced
Energy”) today announced that Lawrence Firestone, Executive Vice
President and Chief Financial Officer, has resigned to pursue other
opportunities. John McMahon, Vice President and Corporate
Controller, will handle financial reporting, accounting and finance
responsibilities until a replacement for Mr. Firestone can be
named. Mr. Firestone agreed to provide advisory services to
Advanced Energy for up to six months following his resignation.
“I would like to thank Larry for his dedication and service to
Advanced Energy for the past four years. We appreciate his
contributions to our growing business and wish him well in his
future endeavors,” said Dr. Hans Betz, chief executive officer. “I
understand his decision and am pleased he will continue on in an
advisory capacity while we work through this transition.” Dr. Betz
said he expects to name a replacement quickly to ensure business
continuity.
About Advanced Energy
Advanced Energy (NASDAQ: AEIS - News) is a global leader in
innovative power and control technologies for high-growth,
thin-film manufacturing and solar-power generation. 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.
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