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TheStreet Open House

Allied Motion Announces CFO Transition

Allied Motion Technologies Inc. (NASDAQ: AMOT) has hired Robert (Rob) P. Maida, effective October 1, 2012, to become the Chief Financial Officer of the Company effective December 1, 2012 to replace Richard (Dick) D. Smith who will retire on March 31, 2013. Dick currently serves as the Executive Chairman of the Board of Directors and the Chief Financial Officer of the Company and will work with Rob until his retirement to provide a smooth transition of the CFO’s responsibilities. After his retirement, Dick will continue to serve as a Board Member for the Company as recommended by the Board of Directors and approved by the Company’s shareholders.

“Rob combines strong international finance, motion industry and extensive training/experience of lean tools and principles, all of which will contribute to the accomplishment of the strategic goals and objectives of our company,” commented Dick Warzala, President and CEO. “Rob will be a key member of our Operational Excellence Team as we expand and implement Allied Systematic Tools (AST) in all areas of our business. His past leadership experience in implementing ERP systems will also help ensure a successful installation of the Microsoft Dynamics AX ERP System, currently being implemented throughout the Company.”

Prior to joining Allied, Rob worked for over two years as the Director of Finance for Avox Systems, Inc., a subsidiary of Zodiac Aerospace. Prior to that, Rob worked for 10 plus years for API Motion/Danaher Motion, where he progressed to the position of Director of Finance for the Applied Products Group of Danaher Motion, a subsidiary of Danaher Corporation. Prior to that, he was the Vice President of Finance for Great Lakes Industries, Inc. and the Director of Finance of BRC, a division of Bryce Corporation. After Rob graduated from the State University of New York at Buffalo with a Bachelor of Science degree in Business Administration, he was a Certified Public Accountant for Dopkins & Company in Buffalo for just under four years.

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