Advanced Energy board chairman Dick Beck to retire
FORT COLLINS – Dick Beck, chairman of Advanced Energy Industries Inc. (Nasdaq: AEIS) Board of Directors, will retire in May, the company said Tuesday.
Beck, 81, will serve the rest of his term as director and as chair of the Nominations and Governance Committee until May 7 at the company’s 2015 annual meeting, when he plans not to seek re-election.
The board appointed as board chairman Terry Hudgens, director of the company since 2010 and former CEO of Iberdrola Renewables’ U.S. and Canadian energy businesses.
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After Beck’s departure, the company will reduce the number of members on the board to seven from eight.
Beck joined Advanced Energy as vice president and chief financial officer in 1992 and helped take the company public in 1995. Beck had served as board chairman since May 2014.
Advanced Energy shares dipped less than 1 percent to $26.99 in afternoon trading. The company makes precision-power and solar products.
FORT COLLINS – Dick Beck, chairman of Advanced Energy Industries Inc. (Nasdaq: AEIS) Board of Directors, will retire in May, the company said Tuesday.
Beck, 81, will serve the rest of his term as director and as chair of the Nominations and Governance Committee until May 7 at the company’s 2015 annual meeting, when he plans not to seek re-election.
The board appointed as board chairman Terry Hudgens, director of the company since 2010 and former CEO of Iberdrola Renewables’ U.S. and Canadian energy businesses.
After Beck’s departure, the company will reduce the number of members on the board to…
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