CICERO, Ill., Oct. 6, 2014 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (Nasdaq:BWEN) today announced that Eric B. Blashford has joined the firm's leadership as President of Broadwind Towers Inc., effective today. Mr. Blashford, 50, most recently served as President of the Pettibone, LLC Heavy Equipment Group, a division of The Heico Companies, LLC, which produces heavy equipment and parts for a variety of applications including forestry, oil and gas, railroad and construction.
Broadwind Energy President and CEO Peter C. Duprey said, "We are delighted to have Eric as part of the Broadwind team. His deep manufacturing experience with large industrial products in multi-faceted, multi-plant environments will be a great addition to our organization. His history of leading strategic initiatives in both turnaround and growth environments will help Broadwind as we take our towers business to the next level."
Prior to Pettibone, Blashford worked at Scott Fetzer Corporation where he served as President of two different divisions and later as Group President of the Powered Equipment Group. Prior to Scott Fetzer Corporation, he held positions of increasing responsibility at Waltco Truck Equipment.
Blashford holds an MBA from Kent State University and a Bachelor's degree in Business Administration from the University of Akron.
About Broadwind Energy, Inc.
Broadwind Energy (Nasdaq:BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, steel, oil and gas and mining applications, to wind towers, to comprehensive remanufacturing of gearboxes and blades, operations and maintenance services and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of over 800 employees is committed to helping customers maximize performance of their investments – quicker, easier and smarter. Find out more at www.bwen.com
Forward-Looking Statements
This release includes various forward-looking statements related to future, not past, events. Statements in this release that are not historical are forward-looking statements. These statements are based on current expectations, and we undertake no obligation to update these statements to reflect events or circumstances occurring after this release. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include, but are not limited to: expectations regarding our business, end-markets, relationships with customers and our ability to diversify our customer base; the impact of competition and economic volatility on the industries in which we compete; our ability to realize revenue from customer orders and backlog; the impact of regulation on our end-markets, including the wind energy industry in particular; the sufficiency of our liquidity and working capital; our restructuring plans and the associated cost savings; our ability to preserve and utilize our tax net operating loss carry-forwards; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including those contained in Part I, Item 1A "Risk Factors" of our Annual Reports on Form 10-K.