PROVIDENCE, R.I., April 24, 2014 /PRNewswire/ -- Nortek, Inc. (Nasdaq: NTK), a global diversified company with leading brands and innovative air management and technology-driven products and solutions for residential and commercial applications, today announced the appointment of Matthew Hughes as vice president, treasurer.
Hughes will be responsible for oversight of all Nortek treasury functions, risk management and taxes. He joins Nortek with 18 years of finance and treasury experience at GTECH Corporation. Most recently, he was chief financial officer of GTECH's products and services division. Prior to GTECH, Hughes performed various finance roles at Gartner, Inc.
"Matt has deep experience developing and managing sophisticated treasury functions for a global public company, including capital raising activities and foreign currency hedge expertise," said Nortek President and Chief Executive Officer Michael J. Clarke. "His significant business process and financial performance improvement experience, along with strong M&A exposure, makes him a great addition to our finance team."
Nortek Chief Financial Officer Almon Hall said, "Matt's business acumen and global experience, which includes living and working abroad, will be important to Nortek as we continue to grow our business and further strengthen our capital structure."
Hughes holds a Bachelor of Science degree in Accounting from Central Connecticut University and a Master of Business Administration degree from Bryant University.
Nortek* is a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. The Company's broad array of offerings includes audio/video and security solutions, digital display mounting solutions, ventilation products such as range hoods and bathroom fans, heating and cooling products, and air management systems.
*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.
Vice President, Strategy and Investor Relations
SOURCE Nortek, Inc.