Advanced Energy Appoints New Chief Financial Officer
August 16 2010 - 8:30AM
Business Wire
Advanced Energy Industries, Inc. (Nasdaq GM: AEIS) today
announced that Danny C. Herron has been named executive vice
president and chief financial officer. Mr. Herron will start on
September 1, 2010, and will report directly to Dr. Hans Betz, chief
executive officer.
Mr. Herron has more than 25 years of experience in finance and
operations and has spent the past 12 years of his career as
chief financial officer for renewable energy and consumer products
companies. His most recent position was chief financial officer for
Sundrop Fuels, Inc., a solar gasification-based renewable fuels
company based in Louisville, Colorado. He previously held the
positions of president and chief financial officer of VeraSun, a
publicly-traded corn-based ethanol company, chief financial officer
at Swift & Company, a $10 billion worldwide beef and pork
producer and chief financial officer at ConAgra Foods, Inc. Beef
Division, where he managed the $8.5 billion international
division. In his role at Swift, Mr. Herron managed the company’s
transition to a stand-alone company after the acquisition from
ConAgra Foods, Inc. During Mr. Herron’s previous roles as chief
financial officer his notable experience includes merging and
integrating companies, raising financing and divesting non-core
businesses.
“We are extremely pleased to have Danny join Advanced Energy as
our new CFO,” said Dr. Hans Betz, chief executive officer. “Danny
brings a unique blend of financial and operational experience that
we expect will benefit Advanced Energy as we continue to execute
our growth strategy.”
Mr. Herron replaces Lawrence Firestone who resigned from
Advanced Energy last week.
About Advanced Energy
Advanced Energy (NASDAQ: AEIS) 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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