Advanced Energy Announces Departure of President & COO
November 02 2020 - 4:05PM
Business Wire
Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader
in highly engineered, precision power conversion, measurement and
control solutions, today announced that Neil Brinker, the company’s
President & Chief Operating Officer, has decided to leave the
company and return to the Midwest due to family reasons. Mr.
Brinker will assist in the transition process through the end of
November. Yuval Wasserman, the company’s Chief Executive Officer,
will assume the position of President immediately.
“My decision to resign is due to family circumstances,” stated
Mr. Brinker. “I regret the sudden nature of this decision but
believe that it is in the best interests of my family and the
organization. I have great confidence in the company and wish
everyone continued success.”
“On behalf of the Board and management team, I want to thank
Neil for his service to Advanced Energy and wish him and his family
the very best,” stated Yuval Wasserman, Chief Executive
Officer.
Mr. Brinker’s resignation is not a reflection on the company’s
results of operations and was not the result of any dispute or
disagreement with the company or management. The company will
announce results for the third quarter of 2020 on our previously
scheduled date of Thursday, November 5th, 2020.
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 applications for a wide range of industries including
semiconductor equipment, industrial, manufacturing,
telecommunications, data center computing and healthcare. 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 Denver, Colorado, USA. For more information, visit
www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
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version on businesswire.com: https://www.businesswire.com/news/home/20201102005845/en/
Brian Smith Advanced Energy Industries, Inc. (970) 407-6555
ir@aei.com
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