Nortech Systems Announces New Board Member

Rhea-AI Summary

Nortech Systems, a leading provider of engineering and manufacturing solutions for electromedical and electromechanical products, has announced the addition of Debarati Sen to its Board of Directors. Sen, an accomplished global business leader, brings extensive experience in driving transformative business performance through her roles at HMTX Industries and 3M. She has led divisions with annual sales totaling $2.8 billion, managed strategic M&A, and contributed to industrial automation. Nortech Systems expects her leadership and expertise to positively impact the company's growth and strategic direction.

Positive

• Debarati Sen's appointment to the Board brings extensive global business leadership experience.
• Sen has driven growth and strategic M&A in diversified industrial and consumer businesses.
• Her leadership of major divisions at 3M resulted in $2.8 billion in annual sales.
• Sen's expertise in industrial automation and strategic turnarounds is expected to benefit Nortech Systems.
• Sen's role in prestigious organizations and recognition in Fortune India's Most Powerful Women list adds significant credibility.

Negative

• The press release lacks detailed financial data about recent company performance.
• There's no specific mention of immediate business strategies or financial targets.

MINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech Systems”, or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today the addition of Debarati Sen to the Company’s Board of Directors.

Ms. Sen is a highly accomplished global business leader with experience driving transformative business performance through operating and financial expertise. She is currently the Group President for HMTX Industries, a global luxury vinyl tile flooring manufacturer. Ms. Sen has accelerated growth across diversified industrial and consumer businesses, spearheaded turnarounds, strategic M&A and partnerships, and built deep and diverse teams internationally. Most recently Ms. Sen led the largest division in 3M’s Consumer Business Group with household brands such as Filtrete™ filters, Command™ hanging solutions and ScotchBlue™ tapes, a profitable portfolio of brands totaling $2.8 billion in annual sales. Previously as the president of 3M’s heritage business of Industrial Abrasives, she led the strategy for robotics and automation redefining prior boundaries in the metal fabrication industry and has been in demand as a speaker in diversified industrials and industrial automation forums. As the CEO and Managing Director, she also led 3M India Ltd. (NSE/BSE - 3MINDIA), 3M Co’s public entity in India from June of 2016 to June of 2019.

“Deba’s leadership and global manufacturing skills will be an asset to further enhance our current Board of Directors. We eagerly anticipate seeing the positive impact she will have at Nortech Systems,” said David Kunin, Chair of the Nortech Systems Board of Directors.

Jay D. Miller, President and CEO of Nortech Systems added, “We are pleased to welcome Deba to Nortech Systems and our Board of Directors. Her extensive background will provide valuable insights and experience to our management team and Board of Directors.”

As Treasurer and Trustee of the Women’s Foundation of Minnesota, Ms. Sen leads the Financial Leadership Committee of that organization. She is also currently serving on the Senior Advisory Board of the Global Women’s Network, Carlson School of Management, University of Minnesota She has a bachelor’s degree in Electronics from Maulana Azad National Institute of Technology in Bhopal, India and an MBA in Marketing and Finance from XLRI Jamshedpur in India. She has also been inducted into the Fortune India, Most Powerful Women list in 2018 and won the Business Standard Star MNC of the Year award in 2017.

About Nortech Systems Incorporated

Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech Systems currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech's website is www.nortechsys.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613596654/en/

Andrew D. C. LaFrence

Chief Financial Officer and Senior Vice President of Finance

alafrence@nortechsys.com

952-345-2243

Source: Nortech Systems Incorporated

FAQ

Who is the new board member announced by Nortech Systems in 2023?

Nortech Systems announced Debarati Sen as the new board member in 2023.

What is Debarati Sen's background before joining Nortech Systems?

Debarati Sen was the Group President for HMTX Industries and led divisions at 3M with annual sales totaling $2.8 billion.

What are Debarati Sen's notable achievements in her career?

Debarati Sen accelerated growth, managed strategic M&A, and was listed in Fortune India's Most Powerful Women.

How will Debarati Sen's appointment impact Nortech Systems?

Debarati Sen's leadership and global manufacturing expertise are expected to enhance Nortech Systems' strategic direction and growth.

What sectors does Nortech Systems primarily serve?

Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets.