Allied Motion Appoints Robert B. Engel to Board of Directors
November 04 2019 - 4:15PM
Business Wire
Allied Motion Technologies Inc. (Nasdaq: AMOT), a designer and
manufacturer that sells precision and specialty controlled motion
products and solutions to the global market, announced today the
appointment of Robert B. Engel to its Board of Directors, effective
October 31, 2019. Mr. Engel will serve as an independent director
and has been appointed as a member of the Audit and Compensation
Committees of the Board. With the addition of Mr. Engel, Allied’s
Board is now composed of eight directors, six of whom are
independent.
“With many years of experience as a chief executive officer, Bob
brings an impressive skillset, with many years of successfully
driving business growth and transformation through effective
strategic assessment, planning and execution. In addition, his
knowledge and experience with audit requirements, regulatory
compliance, internal controls and risk management enables him to be
an immediate and effective contributor to the Allied Motion Board
of Directors,” commented Dick Warzala, Chairman and CEO of Allied
Motion.
Mr. Engel has over forty years of business and leadership
experience and currently serves as Chief Executive Officer and
Managing Director of BLT Advisory Services, LLC, a boutique
advisory firm he joined in 2017, which provides guidance for
business transformation, brand building and governance, as well as
business and leadership development.
Prior to BLT Advisory Services, Mr. Engel was in the banking
industry for more than 30 years, including 17 years at CoBank, ACB
in Denver, CO, serving first as President and Chief Operating
Officer and subsequently being promoted to President and Chief
Executive Officer, responsible for leading the bank’s strategic and
business initiatives. Under his leadership, CoBank delivered 17
consecutive years of earnings growth and was consistently rated
among the safest banks in the world by Global Finance Magazine.
Prior to this, Mr. Engel was with HSBC Bank USA in Buffalo, NY, for
14 years, where he served in positions of increasing
responsibility, ultimately becoming the Chief Banking Officer. In
this role, he was responsible for all revenue producing retail,
commercial and institutional businesses. He began his banking
career as Administrative Vice President at Empire of America, FSB.
Before moving to the banking industry, Mr. Engel began his career
in public accounting with Deloitte, and then KPMG, rising to the
position of Senior Audit Manager.
Mr. Engel is currently an Independent Director at Alaska Power
& Telephone, where he serves on the Audit Committee and as
Chairman of the Compensation Committee, and is Chairman of the
Board of Trustees at Regis University in Denver, CO. He formerly
served as a Director and Vice Chairman of the Federal Farm Credit
Banks Funding Corporation, Director and Chairman at Graduate
Institute of Cooperative Leadership, Director and Chairman at
National Council of Farmer Cooperatives, Director at HSBC/ Wells
Fargo Trade Bank, Director at NYS Common Retirement Fund, Director
at Mile High United Way, and Trustee at Niagara University. Mr.
Engel is a recipient of the Ellis Island Medal of Honor.
About Allied Motion Technologies Inc.
Allied Motion (Nasdaq: AMOT) designs, manufactures and sells
precision and specialty controlled motion products and solutions
used in a broad range of industries within our major served
markets, which include Vehicle, Medical, Aerospace & Defense,
and Industrial. The Company is headquartered in Amherst, NY, has
global operations and sells into markets across the United States,
Canada, South America, Europe and Asia.
Allied Motion is focused on controlled motion applications and
is known worldwide for its expertise in electro-magnetic,
mechanical and electronic motion technology. Its products include
brush and brushless DC motors, brushless servo and torque motors,
coreless DC motors, integrated brushless motor-drives, gear motors,
gearing, modular digital servo drives, motion controllers,
incremental and absolute optical encoders, active (electronic) and
passive (magnetic) filters for power quality and harmonic issues,
and other controlled motion-related products.
The Company’s growth strategy is focused on being the controlled
motion solutions leader in its selected target markets by
leveraging its “technology/know how” to develop integrated
precision solutions that utilize multiple Allied Motion
technologies to “change the game” and create higher value solutions
for its customers. The Company routinely posts news and other
important information on its website at
http://www.alliedmotion.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20191104005798/en/
Company Contact: Sue Chiarmonte Allied Motion
Technologies Inc. 716-242-8634 x602
sue.chiarmonte@alliedmotion.com
Investor Contact: Deborah K. Pawlowski Kei Advisors LLC
716-843-3908 dpawlowski@keiadvisors.com
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