WAUKESHA, Wis., Jan. 19, 2021 /PRNewswire/
-- GeneracⓇ Power Systems (NYSE: GNRC) has
appointed three executives to new positions and has established a
new business organization as part of its "Powering Our Future"
strategy, the Company announced today.
The new organization, called Energy Technology (ET), will
consist of all Generac businesses whose primary focus is on
products or services related to storage and energy management
products. This includes the Company's acquisitions of Pika Energy,
Neurio Technologies and Enbala Power Networks as well as Generac's
existing Connectivity business. Combining these teams into one
operating group will help position the Company as an emerging
leader in the energy storage and management industry, while
internally aligning objectives and business priorities, and
accelerating the Company's go-to-market efforts. Further, the ET
organization will serve as the operating platform for future
potential acquisitions in the energy technology space.
Russ Minick will lead the new ET
organization, with the title of president, Energy Technology. Under
his leadership, the ET team will collaborate with Generac's
business groups to deliver a wide range of clean energy products
and services to end-markets globally. Minick will also retain his
duties as Chief Marketing Officer, leading the
Company's corporate marketing strategy, as he has since
2016.
Patrick Forsythe has been
appointed to the newly created position of Chief Technical Officer.
In his new role, Forsythe will be responsible for the integration
of new and transformative technologies into Generac's products and
building a technical team to further support future technical
product development needs. Forsythe has led Generac's global
engineering team since rejoining the company in 2015. His extensive
experience will be pivotal in creating market-defining technologies
across the Generac portfolio of products.
Steve Goran has been appointed
Chief Strategy Officer. This critical new position is tasked with
quickly assessing new business opportunities and ventures, while
simultaneously formulating long-term strategy, while also managing
the year-round strategic planning and development efforts at the
Company. Goran has more than 30 years of experience with Generac,
having served in many roles within the organization.
"Creation of the Energy Technology organization and these three
new roles signals our commitment to leading the energy management
industry of the future," said Aaron
Jagdfeld, Chairman and CEO of Generac. "Along with the board
of directors, I congratulate Steve, Patrick, and Russ on their new
leadership roles and look forward to the continued growth I know
they will help us achieve."
MEDIA CONTACT: Ashley
Kast: akast@punch-pr.com | 608-633-2404
About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading global
supplier of backup power and prime power products, systems,
engine-powered tools, and solar energy storage systems. In 1959,
our founder was committed to designing, engineering and
manufacturing the first affordable backup generator. More than 60
years later, that dedication to innovation, durability and
excellence has resulted in the company's ability to expand its
industry-leading product portfolio into homes and small businesses,
on job sites, and in industrial and mobile applications across the
globe. Generac offers single engine backup and prime power systems
up to 2 MW and paralleled solutions up to 100 MW, and uses a
variety of fuel sources to support power needs for our customers.
Generac hosts Power Outage Central, the definitive source of U.S.
power outage data, at Generac.com/poweroutagecentral. For more
information about Generac and its products and services, visit
Generac.com.
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SOURCE Generac Power Systems, Inc.