Magnetek, Inc. (“Magnetek” or the “Company”) (NYSE: MAG), a leading provider of digital power and motion control systems, announced today that it increased the size of its Board of Directors to six members and elected Alan B. Levine and Peter M. McCormick to fill the new Board seats, effective August 4, 2011.
Alan Levine served as Chief Financial Officer and Director of Virtual Access Networks, Inc. from 2001 to 2002 and Chief Financial Officer and Treasurer of Marathon Technologies Corporation from 1998 to 2001. He was also a member of the Board of Directors and Audit Committee Chair of MCK Communications before the company’s merger in November 2003. Prior to this, Mr. Levine was with Ernst & Young LLP from 1974 to 1998, and was Partner from 1986 to 1998, where he established and directed an Entrepreneurial Services practice. From January 2007 until July 2011, he served as Vice President and Chief Financial Officer of the Graduate Management Admissions Council. He is a former Director and Audit Committee Chair of Nextera Enterprises and currently serves on the board of RBC Bearings Incorporated, a manufacturer of bearings. Mr. Levine, a former certified public accountant, holds a Master of Accounting degree from the University of Arizona and a Bachelor of Arts degree from the University of Vermont.
Mr. McCormick has served as President and Chief Executive Officer of Magnetek since October 31, 2008. Prior to his appointment, he served as Executive Vice President and Chief Operating Officer from 2006 to 2008. Mr. McCormick was Executive Vice President and General Manager of Magnetek’s Power Controls Group from 2002 to 2006, overseeing the Company’s motion control systems for cranes and hoists, elevator drive systems, mining equipment drives and alternative energy power conversion systems. Mr. McCormick joined Magnetek in 1993 from Square-D Corporation. A graduate of the University of Wisconsin-Platteville, he holds a Bachelor of Science degree in Industrial Technology, with minors in Computer Science and Power and Control Systems.
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