Nortek Names Pete Segar as President, Display Mount Solutions

Oct 07, 2013, 16:20 ET from Nortek, Inc.

PROVIDENCE, R.I., Oct. 7, 2013 /PRNewswire/ -- Nortek, Inc. (Nasdaq: NTK), a global diversified company with leading brands and innovative, technology-driven products and solutions for residential and commercial applications, today announced the appointment of Peter R. Segar, Ph.D. as group president of the company's Display Mount Solutions (DMS) segment, which operates as Ergotron, Inc.

A chemist by training, Segar has a lifelong passion for technology and innovation. He has proven experience in both technology and sales within Nortek and at other organizations. He provides DMS strong skills to ensure that product and process innovation keep pace with customer needs. Segar had served as interim president of the segment since January of 2013.

"We are delighted to have Pete aboard as the permanent group president of DMS," said Nortek President and Chief Executive Officer Michael J. Clarke. "He knows how to build organizations that create and sustain high growth and high value. He also has valuable institutional knowledge, having been a member of senior management at this critical Nortek business for nearly the past decade. With world-recognized brands, outstanding products and a solid talent base, as well as Pete's leadership, our DMS Segment is well-positioned in its markets."

Prior to serving as interim group president at DMS, Segar was senior vice president and chief technical officer of Ergotron branded products from 2004 to 2010. He previously served in various management positions for Seagate Technology from 1994 to 2004. He began his career with IBM's Storage Systems Division in 1989. Segar holds a Bachelor of Science degree in Chemistry from the University of Minnesota and a doctorate in Chemistry from the University of Colorado.

About Ergotron

Ergotron, Inc., a Nortek Company, is a global manufacturer of leading digital display mounting, furniture and mobility products that have been improving the human interface with digital displays for more than 30 years.

About Nortek

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.

Contact: Michael Botelho Vice President, Strategic Planning Nortek, Inc. 401.751.1600 

SOURCE Nortek, Inc.