Advanced Energy Announces Departure of Chief Operating Officer
December 04 2003 - 4:06PM
PR Newswire (US)
Advanced Energy Announces Departure of Chief Operating Officer FORT
COLLINS, Colo., Dec. 4 /PRNewswire-FirstCall/ -- Advanced Energy
Industries, Inc. today announced that Dennis Faerber, executive
vice president and chief operating officer, has left the company.
The Company's product and technology, manufacturing, global
customer operations and quality groups will now report to Doug
Schatz, chairman and chief executive officer. The Company will not
seek a replacement for the position of chief operating officer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) Mr.
Schatz commented, "We thank Dennis for his efforts and success over
the past year, including ramping our China manufacturing
initiative. I plan to become more actively involved with the
operational aspects of the organization, supported by our strong
leadership team, as we continue to drive toward increased
operational efficiencies." About Advanced Energy Advanced Energy is
a global leader in the development and support of technologies
critical to high-technology manufacturing processes used in the
production of semiconductors, flat panel displays, data storage
products, compact discs, digital video discs, architectural glass,
and other advanced product applications. Leveraging a diverse
product portfolio and technology leadership, AE creates solutions
that maximize process impact, improve productivity and lower cost
of ownership for its customers. This portfolio includes a
comprehensive line of technology solutions in power, flow, thermal
management, plasma and ion beam sources, and integrated process
monitoring and control for original equipment manufacturers (OEMs)
and end-users around the world. AE 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, AE 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: Mike El-Hillow, Executive VP, Chief Financial
Officer, +1-970-407-6570, , or Cathy Kawakami, Director of Investor
Relations, +1-970-407-6732, , both of Advanced Energy Industries,
Inc. Web site: http://www.advanced-energy.com/
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