Broadwind Energy, Inc. (NASDAQ: BWEN) named David E. Janek as president of its Brad Foote Gear Works, Inc. subsidiary, effective Monday, April 1, 2013.
Broadwind Energy President and CEO Peter C. Duprey said, “We are delighted to have Dave Janek on our team. His deep experience with global industrial manufacturers, expertise in operations and understanding of the commercial-side of the business will help us expand the market presence of our gearing offering while we build customer intimacy.”
Prior to joining Broadwind, Janek served as chief financial officer at Pettibone, LLC, a diversified global manufacturer of industrial products, including lift equipment and process machinery. Previously, he served as president of Federal Signal Corporation’s Safety and Security Systems Group, a $250 million business with 1,000 employees and a global footprint. Prior to this, he held senior leadership positions of increasing responsibility at Federal Signal, Zellweger Analytics and Woodhead Industries. Janek started his career as an auditor at Deloitte.
He holds an MBA degree from Northwestern University and a Bachelor of Science degree in Accountancy from the University of Illinois.Janek said, “I look forward to leading the Brad Foote team in the execution of our strategy to drive profitability and cash flow, improve capacity utilization, further diversify our industrial customer base and expand our focus from loose gearing to enclosed drives.” Janek replaces Daniel Schueller, who resigned to pursue another opportunity. Duprey stated, “We thank Dan for his many contributions to the business and wish him well in his future endeavors.” About Broadwind Energy Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications, to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com. Forward-Looking Statements This release includes various forward-looking statements related to future, not past, events. Statements in this release that are not historical are forward-looking statements. These statements are based on current expectations and we undertake no obligation to update these statements to reflect events or circumstances occurring after this release. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: expectations regarding our business, end-markets, relationships with customers and our ability to diversify our customer base; the impact of competition and economic volatility on many of the industries in which we compete; our ability to realize revenue from customer orders and backlog; the impact of regulation on our end-markets, including the wind energy industry in particular; the sufficiency of our liquidity and working-capital; our restructuring plans and the associated cost-savings; our ability to preserve and utilize our tax net operating loss carry-forwards; and other risks and uncertainties described in our filings with the Securities and Exchange Commission.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts