Dec. 20, 2011
") (NASDAQ:NTK), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products, announced today that it has appointed
Michael J. Clarke
as its President and Chief Executive Officer ("CEO") effective
, 2011. He will also become a member of the
Board of Directors. As previously announced,
began an extensive search process to replace longtime CEO
upon his retirement. The Board of Directors selected Mr. Clarke based on his 25 years of relevant experience driving growth in both revenue and profitability within the technology and industrial sectors. He most recently served as Group President, Integrated Network Solutions at Flextronics International, Ltd., a publicly traded, global leader in providing design and electronics manufacturing services to a wide range of end markets. Interim CEO
J. David Smith
will return to his role as a member of
Board of Directors.
"The Board is very encouraged by the outlook for
as our extensive review of our business plan is well underway and we have successfully recruited Michael as CEO. We feel that his experience and leadership will help us to realize our growth plan," said Mr. Smith. "We were attracted to Michael because he has demonstrated a long track record of expanding several manufacturing divisions through multiple market cycles. The Board also felt that his experience in a broad array of sectors relevant to our business, as well as his proven ability to motivate, retain and develop talent would be important to
and its stakeholders."
"I am excited to join the
team, and to build upon its long history of developing innovative home and commercial ventilation, HVAC and technology products, providing superior customer service and fostering a dynamic corporate culture," said Mr. Clarke. "As I join
, I see significant opportunities to grow our businesses and capitalize on our superior products, customer service and people."
Mr. Clarke has more than 25 years of senior executive, business development and hands-on operational experience managing global companies in a myriad of industries including electronics, telecommunications, industrial, aerospace and automotive. For the past six years, Mr. Clarke served as a senior executive at
-based Flextronics International, Ltd. Prior to this position, Mr. Clarke has held progressively senior executive positions in companies such as Sanmina-SCI Corporation, Devtek Corporation and Hawker Siddeley. Mr. Clarke was educated in mechanical engineering at Bradford Polytechnic in
. He has worked in various parts of the world including
* is a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products.
offers a broad array of products, including: range hoods, bath fans, indoor air quality systems, heating and air conditioning systems, and technology offerings, including audio, video, access control, security, and digital display mounting and mobility products.
*As used herein, the term "Nortek" refers to Nortek, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs.