Business
Allied Motion Appoints Robert B. Engel to Board of Directors
AMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (Nasdaq: AMOT), a designer and manufacturer that sells precision and specialty controlled
About this update from Allient Inc.
[{"type":"text","content":" AMHERST, N.Y.--(BUSINESS WIRE)--\nAllied Motion Technologies Inc. (Nasdaq: AMOT), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced today the appointment of Robert B. Engel to its Board of Directors, effective October 31, 2019. Mr. Engel will serve as an independent director and has been appointed as a member of the Audit and Compensation Committees of the Board. With the addition of Mr. Engel, Allied’s Board is now composed of eight directors, six of whom are independent.\n\n\n“With many years of experience as a chief executive officer, Bob brings an impressive skillset, with many years of successfully driving business growth and transformation through effective strategic assessment, planning and execution. In addition, his knowledge and experience with audit requirements, regulatory compliance, internal controls and risk management enables him to be an immediate and effective contributor to the Allied Motion Board of Directors,” commented Dick Warzala, Chairman and CEO of Allied Motion.\n\n\nMr. Engel has over forty years of business and leadership experience and currently serves as Chief Executive Officer and Managing Director of BLT Advisory Services, LLC, a boutique advisory firm he joined in 2017, which provides guidance for business transformation, brand building and governance, as well as business and leadership development.\n\n\nPrior to BLT Advisory Services, Mr. Engel was in the banking industry for more than 30 years, including 17 years at CoBank, ACB in Denver, CO, serving first as President and Chief Operating Officer and subsequently being promoted to President and Chief Executive Officer, responsible for leading the bank’s strategic and business initiatives. Under his leadership, CoBank delivered 17 consecutive years of earnings growth and was consistently rated among the safest banks in the world by Global Finance Magazine. Prior to this, Mr. Engel was with HSBC Bank USA in Buffalo, NY, for 14 years, where he served in positions of increasing responsibility, ultimately becoming the Chief Banking Officer. In this role, he was responsible for all revenue producing retail, commercial and institutional businesses. He began his banking career as Administrative Vice President at Empire of America, FSB. Before moving to the banking i...