Advanced Energy Industries Announces CEO Transition
Advanced Energy Industries Announces CEO Transition
Jun 02, 2014 4:05 PM Eastern Standard Time
"Having made enormous strides on our strategic plan to drive revenue growth, expand margins and increase cash generation, I believe this is a great time to begin a new chapter—both for our company and for me," said
"Under Garry's leadership, the company has established a successful business model, maintained a strong balance sheet, broadened its product portfolio and integrated multiple acquisitions. We look forward to building on this strong foundation as we seek to expand our opportunities for increased growth and profitability going forward," said
About Advanced Energy
Advanced Energy (Nasdaq:AEIS) is a global leader in innovative power and control technologies for high-growth, precision power conversion solutions. Advanced Energy is headquartered in Fort Collins,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, including, but not limited to, statements regarding the leadership transition plan and focus on the strategic plan. These forward-looking statements are based on Advanced Energy's current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the Company's ability to identify and hire a highly qualified Chief Executive Officer, cooperation by the parties during the process, potential disruption to the Company's operations and management that could result from the transition, changes in the markets we serve, and changes in global or regional economic conditions. Other risks are described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements filed with the
CONTACT:Source:Danny Herron Advanced Energy Industries, Inc. 970.407.6570 danny.herron@aei.comAnnie Leschin Advanced Energy Industries, Inc. 415.775.1788 ir@aei.com