Advanced Energy Industries, Inc. Announces Board Changes, Effective March 1, 2021
February 10, 2021 at 07:45 am EST
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Advanced Energy Industries, Inc. announced that Yuval Wasserman will retire as president and as a member of the board, effective March 1, 2021. The board of directors has appointed Steve Kelley, a semiconductor industry leader with over 30 years of experience, as the president and a member of the board, effective March 1, 2021. Mr. Wasserman will remain as an executive advisor to the board and to Mr. Kelley, to assist in the transition. Steve Kelley recently served for seven years as president & CEO of Amkor Technology, Inc. Kelley led the financial transformation of Amkor by prioritizing strong revenue growth, efficiency gains and a culture of continuous quality improvement. Previously, Mr. Kelley held executive leadership roles of various businesses at companies including Cree, Texas Instruments and Philips Semiconductors, focusing primarily on the timely development of new products to grow revenue and profits. He will be based in Denver.
Advanced Energy Industries, Inc. provides engineered, critical, precision power conversion, measurement, and control solutions to its customers. The Company designs, manufactures, sells, and supports precision power products that transform, refine, and modify the raw electrical power coming from either the utility or the building facility and convert it into various types of controllable, usable power that is predictable, repeatable, and customizable to meet the necessary requirements for powering a range of complex equipment. Its precision power products and solutions are designed to enable new process technologies, enhance productivity, and provide critical power capabilities for its customers. Its service group offers warranty and after-market repair services. It provides repair service and customer support through its worldwide support organization. Its support services include warranty and non-warranty repair services, calibration, upgrades, and refurbishments of its products.
ADVANCED ENERGY INDUSTRIES, INC. 
