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Allied Motion Appoints Two New Directors

Stocks in this article: AMOT

Allied Motion Technologies Inc. (NASDAQ: AMOT) announced that on November 2, 2011, the Board of Directors appointed Joseph (Joe) W. Bagan and Richard (Rick) D. Federico to serve as members of the Company’s board of directors with such appointments to be effective at the Company’s regular February 2012 board meeting.

Joe Bagan is currently the Chief Operating Officer of Clear Channel Outdoor - Americas. Prior to that, Mr. Bagan was the CEO of Sharklet Technologies, a Denver based bio-technology company, and is its current Chairman of the Board of Directors. Prior to that, Mr. Bagan held a number of executive positions with Adelphia Communications, Ricochet Wireless Networks and AT&T Broadband. He started his career at Arthur Andersen and was a partner in the Consulting Practice and led the Southwestern United States High Tech and Communications consulting practice for the firm. He received a Masters of Accounting Degree from the University of Denver.

Rick Federico is a Managing Director at Ocean Tomo, a merchant banc specializing in intellectual capital equity. In this role, Mr. Federico focuses on Investment Banking, Strategy and Fund initiatives. He has 30+ years of deep operational, strategy and investment acumen. Previously, as Managing Director at Sterling Partners, he developed the Accelerator program and was responsible for leading the firm’s efforts in the deployment of the proprietary Business Value Accelerator (BVA) methodology, a series of firm-wide best practices and processes. Mr. Federico worked with a number of Sterling portfolio investments to build, capture and maximize best-in-class practices across the network, along with instituting effective governance at the portfolio level. He remains a Senior Advisor to Sterling Partners. His background also includes senior management positions with companies including Fisher Scientific, The Millard Fillmore Health System (MFHS), The Science Kit Group and KPMG. He is and has been involved with numerous private and non-profit boards and currently serves on the EduTone Board of Directors and as a Senior Operating Advisory Board member to Sound Harbor. Mr. Federico received a BS with honors from St. Bonaventure University and an MBA with a strategy concentration from the State University of New York at Buffalo.

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