Advanced Energy Announces Garry Rogerson to Join as CEO; Dr. Hans Betz to Retire
Advanced Energy Industries, Inc. announced that its board of directors has appointed Garry Rogerson, Ph.D., as the company’s new Chief Executive Officer and board member, effective as of August 4, 2011. Dr. Hans Betz, Advanced Energy’s Chief Executive Officer since 2005, will continue as an advisor until December 31, 2011.
"I am excited to join the rest of the leadership team at Advanced Energy," said Garry Rogerson. "I share their vision for growth in both the thin films and renewables business units. I look forward to the challenge of achieving the Company’s goals and continuing Advanced Energy’s unrivaled commitment to customers and innovation which affords us tremendous prospects for the future."
Garry is chairman of the board of Coherent Inc., and has served on Coherent’s board since 2005. Garry was Chief Executive Officer of Varian, Inc., a major supplier of scientific instruments and vacuum products from February 2004, and Varian’s chairman and CEO from 2009 until the purchase of Varian by Agilent Technologies, Inc. in May 2010. Garry served as Varian’s Chief Operating Officer from 2002 to 2004, as Senior Vice President, Scientific Instruments from 2001 to 2002, and as Vice President, Analytical Instruments from 1999 to 2001.
"After six years as CEO of Advanced Energy, I am retiring," said Dr. Hans Betz. "We have built a stronger, more focused company that is well positioned for the future. The strength and growth of our two business units, thin films and renewables, was made possible by the efforts and support of our employees, customers and investors. I want to take this opportunity to thank them all. I am very proud of our accomplishments and feel that now is the appropriate time for me to hand over leadership to Garry. Garry is an outstanding choice to lead the Company in its next stage of growth. We have planned a well-organized transition and I will be available until the end of 2011 to assist Garry."
"We are very proud of Hans’ dedication and service to Advanced Energy over the last six years," said Doug Schatz, chairman of the board of directors of Advanced Energy. "Hans has led the Company through a period of significant growth and strategic diversification that lays the ground work for Garry and the team to continue this track record of success. We’re delighted to have Garry join us as CEO. He brings a great deal of valuable experience and a proven track record of strategic leadership. We are confident that Garry will drive long-term growth for Advanced Energy by leveraging our heritage of technology leadership and customer satisfaction."
