Advanced Energy Appoints Amir Wachs to General Manager of Its New Israeli Subsidiary
June 19 2018 - 6:00AM
Business Wire
Seasoned Professional Joins Leadership Team to Expand
Company’s Reach into Local Markets
Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global
leader in highly engineered, precision power conversion,
measurement and control solutions, today announced the appointment
of Amir Wachs to general manager of its new Israeli subsidiary, as
of June 17, 2018. In this role, Wachs will serve as a key addition
to the company’s global leadership team and will initially focus on
building a local infrastructure, including setting up the
facilities and developing a strong local team to support and expand
the company’s business in Israel.
This initiative marks AE’s significant efforts in securing a
strong presence in Israel to support the growth of its local
semiconductor business, while expanding the company’s reach into
local industrial verticals. The Israeli subsidiary will comprise
select sales, design engineering and local repair services, and aim
to work closely with customers and local technology centers
including consortiums and universities to drive innovation and
business development.
“The Israeli subsidiary will become a hub of innovation for AE,”
said Yuval Wasserman, president and CEO at Advanced Energy. “Amir’s
appointment and the scope of his role will be instrumental in
expanding our reach into new markets and technologies while
supporting the growth of our existing local customers. We look
forward to seeing the organization in Israel take shape.”
Prior to joining AE, Wachs served for 17 years at Applied
Materials under several titles, including product line head and,
most recently, business development manager. It was as business
development manager that Wachs sculpted his focus on leading
initiatives for new business opportunities, as well as established
fruitful business relationships throughout local markets.
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design
and manufacturing of highly engineered, precision power conversion,
measurement and control solutions for mission-critical applications
and processes. AE’s power solutions enable customer innovation in
complex semiconductor and industrial manufacturing applications.
With engineering know-how and responsive service and support around
the globe, the company builds collaborative partnerships to meet
technology advances, propel growth for its customers and innovate
the future of power. Advanced Energy has devoted more than three
decades to perfecting power for its global customers and is
headquartered in Fort Collins, Colorado, USA. For more information,
visit www.advanced-energy.com.
Advanced Energy | Precision. Power. Performance.
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