Nortek Appoints Vice President-Corporate Controller
PROVIDENCE, R.I., Nov. 21, 2011 /PRNewswire-FirstCall/ -- Nortek, Inc. ("Nortek") (NASDAQ: NTK), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products, today announced the appointment of Donald W. Reilly to the position of Vice President-Corporate Controller. Mr. Reilly will report to Almon C. Hall III, Senior Vice President and Chief Financial Officer of Nortek.
In announcing the appointment, David Smith, Nortek's Interim Chief Executive Officer, said, "Don is an experienced executive with a broad background in finance and accounting. He will oversee the controllership and accounting functions of Nortek companies and provides depth to our finance team."
Mr. Reilly is a senior financial professional with 30 years of diversified experience in manufacturing, technology, financial services and a variety of specialized industries. Mr. Reilly comes to Nortek from Evergreen Solar Inc. where he served as Chief Financial Officer. Previously, Mr. Reilly held senior level roles with GTECH Corporation, Amtrol, Inc., A.T. Cross Company and Ernst & Young. Don is a certified public accountant and a graduate of Providence College.
Mr. Reilly is married with two children.
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. Generally, these statements can be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "intend," "may," "plan," "potential," "project," "should," or "would" and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. 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 including the description of "risk factors" set forth under IA in our annual report on Form 10-K, as updated on subsequent quarterly reports on Form 10-Q.
Edward J. Cooney, Sr. Vice President and Treasurer
SOURCE Nortek, Inc.