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8-K - FORM 8-K - ADVANCED ENERGY INDUSTRIES INC | d75311e8vk.htm |
EXHIBIT 99.1
Financial News Release
Contacts: |
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John McMahan
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Annie Leschin/Vanessa Lehr | |
Advanced Energy Industries, Inc.
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Advanced Energy Industries, Inc. | |
970.221.0108
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970.407.6555 | |
John.McMahon@aei.com
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ir@aei.com |
ADVANCED ENERGY ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
Fort Collins, Colo., August 11, 2010 Advanced Energy Industries, Inc. (Nasdaq GM: AEIS)
(Advanced Energy) today announced that Lawrence Firestone, Executive Vice President and Chief
Financial Officer, has resigned to pursue other
opportunities. John McMahon, Vice President and Corporate Controller, will handle financial
reporting, accounting and finance responsibilities until a replacement for Mr. Firestone can be
named. Mr. Firestone agreed to provide advisory services to Advanced Energy for up to six months
following his resignation.
I would like to thank Larry for his dedication and service to Advanced Energy for the past four
years. We appreciate his contributions to our growing business and wish him well in his future
endeavors, said Dr. Hans Betz, chief executive officer. I understand his decision and am pleased
he will continue on in an advisory capacity while we work through this transition. Dr. Betz said
he expects to name a replacement quickly to ensure business continuity.
About Advanced Energy
Advanced Energy (NASDAQ: AEIS News) is a global leader in innovative power and control
technologies for high-growth, thin-film manufacturing and solar-power generation. Advanced Energy
is headquartered in Fort Collins, Colorado, with dedicated support and service locations around the
world. For more information, go to www.advanced-energy.com.