Bel Announces Senior Management Promotions
Daniel Bernstein, Bel’s President and CEO, said, “Bel is fortunate to have two such talented and dedicated executives to take charge of our Power Solutions and Connectivity Solutions businesses during this period of rapid growth for our Company. These well-earned promotions reflect the significant contributions Dennis and Pete have made to the success of Bel’s growth strategy.
“Dennis Ackerman has guided the recent development and integration of our Power business, most significantly since our acquisition of Power One last year. Under Dennis’s leadership, Bel Power is reestablishing itself in key markets, and has dramatically improved the quality, service and delivery performance of our manufacturing facilities in China in just the past few months. Our customers are responding positively to the gains Dennis has helped achieve. With Dennis at the helm, we see a bright future for Bel Power Solutions.
“Pete Bittner played an indispensable role in the restructuring of our Cinch Connectors business in the United States, as well as the integration of its sales and marketing team into our global Connectivity Solutions business, formerly Emerson Network Power Connectivity Solutions, which we also acquired last year. We are confident that Pete will continue to excel with his expanded responsibilities at Bel Connectivity Solutions.”
Dennis Ackerman, 52 years old, joined Bel in 1986 and has held the positions of Customer Service Manager, Sales Manager, Purchasing Manager and Operations Manager. In 2001, he was named Vice President of Operations. In addition, Mr. Ackerman is currently a director of Dongguan Transpower Electric Products Company Limited. Mr. Ackerman has an MBA degree from Fairleigh Dickinson University.
Peter Bittner, 45 years old, began his career in 1991 at Stewart Connector Systems. He joined Insilco Technologies, Stewart Connector’s parent company, in 1999, serving as Industry Marketing Manager. Following Insilco’s acquisition by Bel in 2003, Mr. Bittner was named General Manager of Stewart Connector. Later, Mr. Bittner assumed responsibility for the acquired Cinch Connector business and the acquired Gigacom Interconnect, Array Connector and Fibreco businesses. He holds a Bachelor of Science degree in Business Management.
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Except for historical information contained in this press release, the matters discussed in this press release (including the statements regarding potential sales growth, efforts to renew customer relationships with former Power Solutions customers) are forward-looking statements (as described under the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. Actual results could differ materially from Bel’s projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market’s acceptance of the Company’s new products and competitive responses to those new products; and the risk factors detailed from time to time in the Company’s SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements.
Sorry. No data so far.