Advanced Energy Names Dr. Hans-Georg Betz as President and Chief Executive Officer
30 Junio 2005 - 4:05PM
PR Newswire (US)
Advanced Energy Names Dr. Hans-Georg Betz as President and Chief
Executive Officer FORT COLLINS, Colo., June 30
/PRNewswire-FirstCall/ -- Advanced Energy Industries, Inc.
(NASDAQ:AEISE) today announced the appointment of technology
industry veteran, Dr. Hans-Georg Betz, 59, to the position of
President and Chief Executive Officer, effective August 1, 2005.
Dr. Betz has served on the company's board of directors since July
2004. He has over 30 years of electronics industry background both
as a technologist and an executive leader. The Company previously
announced Doug Schatz's intention to retire from the chief
executive position, and he will continue to serve on the board of
directors as non-executive chairman. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) "I've had
the pleasure of working with Hans since he joined our board last
year. During this time, we completed the transformation of our
operational infrastructure with a focus on world wide production
and sourcing capabilities to meet the evolving needs of our
international customer base and return us to profitability. Hans'
successful international leadership at companies such as STEAG and
Leybold will only enhance our ability to use these core strengths
in existing and new markets," said Doug Schatz. "Strategically, I
have been impressed with the contributions Hans has made working
with our executive team on strategy and emerging market
opportunities. I look forward to continuing to work with Hans to
collaborate on our strategic roadmap focused on long-term
profitable growth by leveraging our heritage of technology
leadership and customer satisfaction," said Mr. Schatz. Dr. Betz is
currently chief executive officer of West STEAG Partners GmbH, a
German-based venture capital company focused on the high technology
industry. Previously, he was chief executive officer of STEAG
Electronic System AG and a Managing Director at Leybold AG. Under
his strategic and management leadership the Semiconductor
Equipment, Optical Storage and MEMS units of STEAG Electronic
Systems AG grew from a $20 million to a $600 million business. He
positioned Leybold AG as a major player in the emerging flat panel
display market as the growth area beyond the legacy products in
data storage and optical components. Dr. Betz currently serves as a
board member at Mattson Technology and at STEAG HamaTech AG. Dr.
Betz said, "As an existing board member, I am excited about the
company's future opportunities, and I have the benefit of also
understanding the challenges that exist. I've been impressed with
the leadership team and the talented employees at Advanced Energy.
They have worked hard to execute on a new operations strategy,
while continuing to extend Advanced Energy's technology leadership,
positioning the company for growth and enhanced competitive
advantage. I look forward to building on the existing strengths of
the company to execute a long-term strategy to capture the
opportunities in front of us." Management of Advanced Energy will
host a conference call to introduce Dr. Betz on Friday, July 1,
2005 at 11:00 am Eastern, 9:00 am Mountain. You may access this
conference call by dialing 888-713-4717. International callers may
access the call by dialing 706-679-7720. For a replay of this
teleconference, please call 706-645-9291, and enter the pass code
7574884. The replay will be available through Friday, July 8, 2005.
There will also be a webcast available on the company's investor
relations website, located at http://ir.advanced-energy.com/. About
Advanced Energy Advanced Energy is a global leader in the
development and support of technologies critical to high-technology
manufacturing processes used in the production of semiconductors,
flat panel displays, data storage products, compact discs, digital
video discs, architectural glass, and other advanced product
applications. Leveraging a diverse product portfolio and technology
leadership, Advanced Energy creates solutions that maximize process
impact, improve productivity and lower the cost of ownership for
its customers. This portfolio includes a comprehensive line of
technology solutions in power, flow, thermal management, and plasma
and ion beam sources for original equipment manufacturers (OEMs)
and end-users around the world. Advanced Energy operates in
regional centers in North America, Asia and Europe and offers
global sales and support through direct offices, representatives
and distributors. Founded in 1981, Advanced Energy is a publicly
held company traded on the Nasdaq National Market under the symbol
AEISE. For more information, please visit our corporate website:
http://www.advanced-energy.com/.
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Mike El-Hillow, Executive Vice President, Chief
Financial Officer, +1-970-407-6570, , or Cathy Kawakami, Director,
Corporate and Investor Relations, +1-970-407-6732, , both of
Advanced Energy Industries, Inc. Web site:
http://ir.advanced-energy.com/ http://www.advanced-energy.com/
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