Key New Hires Will Accelerate Push Into Industrial, VerticalTransportation Markets
Oct. 14, 2009 (Business Wire) -- Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on energy efficiency technologies for electric motors, announced it has recently added a Chief Operating Officer and several highly experienced sales personnel to lead commercialization of the Company’s products that were recently certified by Underwriters Laboratory (UL).
The new employees are focused on developing sales channels to industrial markets, such as plastics, mining and material handling, wood processing and other industries. These people include Scott Johnson, Executive Vice President and COO, Jitendra (Jay) Mistry, Director of Industrial Sales – Western Region, and Jack Barrett, Director of Industrial Sales – Eastern Region. This group has over 60 years of combined experience in senior management and sales positions in large and entrepreneurial motor control and automation companies, including Rockwell Automation, Parker Hannifin, Danaher Motion, Reliance Electric, Compumotor and others.
This industrial markets group will complement sales efforts in the vertical transportation (elevators and escalators) market, where the Company recently signed agreements with two of the four largest OEMs of escalators, KONE Inc. and ThyssenKrupp. Sales efforts in the vertical transportation market are led by Alan Taylor, VP of Business Development for Vertical Transportation, who joined the Company in January. Mr. Taylor has spent 30 years in the vertical transportation industry, including as a VP of a division of ThyssenKrupp. In early October, the Company added Grant Sherman as a Regional Sales Manager for Vertical Transportation. Mr. Sherman previously spent 5 years in sales at Mitsubishi Electric’s Elevator & Escalator division followed by experience in vertical transportation consulting at HKA Elevator Consulting.
Scott Johnson joined the Company as Executive Vice President and Chief Operating Officer in July. His initial focus has been developing a network of independent representatives and distributors focused on sales to industrial customers and OEMs. For over 25 years, Mr. Johnson has been a senior manager of a Fortune 1,000 company and has lead multiple automation and motor control companies from early stage commercialization to tens of millions in revenue.