Business Services Industry

Magnetek Announces Key Management Appointments

Business Wire, March 30, 2007

MENOMONEE FALLS, Wis. -- Magnetek, Inc. (NYSE:MAG) has announced five more key management appointments, following the Company's restructuring and corporate headquarters relocation from California to Wisconsin.

Edward Butte has been named Vice President and General Manager of the Company's Communications Power Systems Division. A career Magnetek employee, Mr. Butte has served in positions of increasing responsibility, most recently as Vice President of Product Management and Strategic Initiatives and Vice President, Energy Systems. He holds a Bachelor of Science degree in Electrical Engineering from the University of Illinois.

Succeeding Mr. Butte as Vice President, Energy Systems, is William Weber with more than 25 years of experience in the development of new products for industrial and commercial markets. Prior to his promotion, Mr. Weber directed Magnetek's Research and Development group, previously having served as Senior Project Manager for Eaton Navy Controls Division and Program/Department Manager for Rockwell Automation. He holds a Bachelor of Science degree in Electrical Engineering from the University of Wisconsin.

Succeeding Mr. Weber is Richard Wilder, who has joined Magnetek as Director of Research and Development. Mr. Wilder brings to the Company over 20 years of experience in the development of new hardware and software products, having held R&D positions at Rockwell Automation, ABB Drives Inc. and Allen Bradley. He also holds a Bachelor of Science degree in Electrical Engineering from the University of Wisconsin.

Joining Magnetek as Director of Supply Chain Management is Bradley Taylor, who has worked in engineering, sales, marketing and global sourcing for over 20 years, most recently as Director of Materials for Cherry Electrical Products Division of The Cherry Corporation, Pleasant Prairie, WI. He holds a Bachelor of Science degree in Electrical Engineering from the Milwaukee School of Engineering.

In addition, Jolene Shellman has joined Magnetek as Vice President Legal Affairs and Corporate Secretary. Ms. Shellman was in private practice with the Varnum, Riddering, Schmidt & Howlett LLP law firm from 1997 until 2006. She held positions as corporate counsel for A. O. Smith Corporation from 1979 to 1997 and with Mutual Savings and Loan Association for four years. She holds a Bachelor of Arts degree in Political Science and History from the University of Wisconsin and a J.D. degree from Marquette University Law School.

Magnetek manufactures digital power and motion control systems used in material-handling, people-moving, wireless communications and energy delivery. In its fiscal year ended July 2, 2006 (a), Magnetek's revenues were $101.6 million, including the results of its communications power systems business (b).

(a) Magnetek's fiscal quarters end on the Sundays nearest September 30, December 31, March 31 and June 30.

(b) During its fiscal 2007 second quarter, Magnetek decided to retain its communications power systems business as a continuing operation, and the results of that business were reclassified from discontinued operations to continuing operations.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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