Magnetek Inc., which recently moved its corporate headquarters to Menomonee Falls from Chatsworth, Calif., today announced a realignment of its board of directors.
Stepping down from the board are: Magnetek's founder and former chairman, Andrew Galef, after 22 years of service; Paul Kofmehl, after 16 years of service; Robert Wycoff, after 10 years of service; and Thomas Boren, Magnetek's former president and chief executive officer, after nine years of service.
Joining the board is David Reiland, who succeeded Boren as president and CEO on Nov. 1.
Leaving Magnetek as of Dec. 30 will be: chief technology officer Alexander Levran; secretary and general counsel Tina McKnight; and executive vice president Stephen Torres.
The changes followed the company's divestiture of its Power Electronics Group.
Mitchell Quain, Magnetek's chairman, "Downsizing the board and executive management team is necessary and consistent with the downsizing of the company. Without exception, the directors and executives who are leaving Magnetek have served the company well and have been instrumental in its redirection. As a result, the company is now debt-free, able to address its financial obligations and prepared to grow profitably in the years ahead."
The duties of the corporate executives leaving the company will be assumed by management personnel at Magnetek's new corporate headquarters in Menomonee Falls, Quain said.
Magnetek manufactures digital power and motion control systems used in material-handling, people-moving, energy delivery and wireless communications. In addition to Menomonee Falls, the company operates manufacturing facilities in Pittsburgh, Pa., and Mississauga, Ontario, Canada.
Reiland will share his insights about the Magnetek story as one of the panelists at the Manufacturing Summit of the third annual Wisconsin Business & Technology Expo, to be presented by Small Business Times May 2-3. For additional information, visit www.biztimes.com/expo.
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