Nortek Names Sean Burke as Group President, Technology Products Segment
Computing and Mobile Electronics Industry Veteran Brings Extensive Background in Supply Chain, Operations, Product Development and Customer Service to Nortek
PROVIDENCE, R.I., Feb. 23, 2012 /PRNewswire/ -- Nortek, Inc. (Nasdaq: NTK) a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products, today announced the appointment of Sean Burke as Group President of the company's Technology Products Segment.
In an extensive career leading large and small enterprises, Burke has established a track record of creating and marketing innovative products for global markets as well as reengineering businesses for maximum effectiveness. He has significant experience in areas including supply chain, operations, product development and customer service, and has developed strong relationships with industry leaders and world-class electronics companies around the globe. Burke replaces Grant Rummell, who retired after 23 years of service with Nortek effective January 31 and whom the company thanks for his contributions over the years.
"Attracting a proven, seasoned, strategic and operational leader like Sean Burke to this critical position is a milestone for Nortek," said Nortek President and Chief Executive Officer Michael J. Clarke. "With our world-recognized brands, growing product pipeline and talented people, our Technology Products Segment is well-positioned in its markets. We look forward to Sean leading this part of our business into the next phase of its growth."
Burke most recently served as president, FlexComputing at Flextronics International, Ltd. He previously held senior management positions at Iomega Corporation, Hewlett-Packard Corporation and Compaq Computer Corporation. Burke holds a Bachelor of Business degree in International Marketing from the University of North Texas, and is a graduate of the Executive Management Programs at Harvard Business School and London Business School.
Nortek* is a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and technology products. The company 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, including statements relating to Nortek's new Group President. 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, Nortek's ability to retain members of its management team, 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
Senior Vice President and Treasurer
SOURCE Nortek, Inc.
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