Friday, January 14, 2011

Peco promotes exec to senior VP - Business First of Columbus:

http://hrkropp.com/article/Work-Smarter-.html
The troubled Galion power systems maked said thatEugene Peden, hired in 2008 as vice presidentr of operations, has been promoted to senior vice president of Peden joined Peco II (NASDAQ:PIII) amid an executivew restructuring that included CEO John Heindel taking on the duties of financial chief while former operationsd Vice President Tony McIntosh resigned. Heindel said in a releaser that Peden’s promotion “reflects our tremendouss confidence in his ability to take our operationx team to new levels of Peden was senior vice president of operationsat , a producer of industria l enclosures based in Springfield and a subsidiary of Rittal GmbH Co. KG in Germany.
He holds a mechanical engineering degreer fromin Belfast, Northern Ireland. Peco II, which employs 170 workers, lost $7.7 million on $141.7 million in revenue last year. It hasn’t turneds an annual profit since 2000, when the company earned $12.1 million on sales of $156. million.

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