PROVIDENCE, R.I., Sept. 21, 2011 /PRNewswire/ -- Nortek, Inc. ("Nortek") (OTC QB: NTKS), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products, announced today that Andrew W. Prete has been promoted to the position of Vice President – Business Development, Senior Legal Counsel & Assistant Secretary for Nortek, Inc.
Mr. Prete will continue his involvement in the legal aspects of acquisitions, financings, capital market projects and others, and will participate in the development of acquisition and divestiture strategies and lead the execution and assimilation of approved M&A opportunities.
Mr. Prete is a graduate of the College of the Holy Cross and Roger Williams University School of Law. He has been with Nortek for over 10 years, starting as Associate General Counsel. Prior to joining Nortek, Mr. Prete was an associate in the corporate department of the law firm of Adler, Pollock & Sheehan.
Nortek* is a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products. Nortek offers a broad array of products, including: range hoods, bath fans, indoor air quality systems, heating and air conditioning systems, and technology offerings, including audio, video, access control, security and digital display mounting and mobility products.
*As used herein, the term "Nortek" refers to Nortek, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Nortek's current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors impacting such forward-looking statements include the availability and cost of certain raw materials (including, among others, steel, copper, packaging materials, plastics, resins, glass, wood and aluminum) and purchased components, freight costs, the level of domestic and foreign construction and remodeling activity affecting residential and commercial markets, interest rates, employment levels, inflation, foreign currency fluctuations, consumer spending levels, exposure to foreign economies, the rate of sales growth, prices, and product and warranty liability claims. Nortek undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, please refer to the reports and filings of Nortek with the Securities and Exchange Commission.
Edward J. Cooney, Senior Vice President and Treasurer
SOURCE Nortek, Inc.