Polar Power Appoints Michael Field as Independent Director and Compensation Committee Chair
Polar Power (NASDAQ: POLA) has appointed Michael Field as an independent director and compensation committee chair. Mr. Field brings four decades of experience in global manufacturing and equipment, including roles at UTC Carrier , PRI Automation, and Brooks Automation. He is currently the President and CEO of The Raymond
Mr. Field's expertise spans engineering, lean manufacturing, factory integration, product management, and channel development. He holds a BS in Mechanical Engineering, an MS in Manufacturing Engineering, and an MBA in International Operations.
CEO Arthur Sams welcomed Mr. Field, highlighting his leadership in the heavy equipment industry and expertise in distribution and talent management. The appointment fills a vacant board seat, bringing the number of independent directors to three.
Polar Power (NASDAQ: POLA) ha nominato Michael Field come direttore indipendente e presidente del comitato per la retribuzione. Il signor Field porta con sé quattro decenni di esperienza nella produzione e fornitura di attrezzature a livello globale, con ruoli ricoperti in UTC Carrier, PRI Automation e Brooks Automation. Attualmente è il presidente e CEO di The Raymond.
La competenza del signor Field include ingegneria, produzione snella, integrazione di fabbrica, gestione prodotto e sviluppo di canali. Possiede una laurea in Ingegneria Meccanica, un master in Ingegneria di Produzione e un MBA in Operazioni Internazionali.
Il CEO Arthur Sams ha dato il benvenuto al signor Field, sottolineando la sua leadership nel settore delle attrezzature pesanti e la sua esperienza nella distribuzione e gestione dei talenti. La nomina copre un posto vacante nel consiglio, portando il numero di direttori indipendenti a tre.
Polar Power (NASDAQ: POLA) ha designado a Michael Field como director independiente y presidente del comité de compensación. El Sr. Field aporta cuatro décadas de experiencia en la fabricación y suministro de equipos a nivel mundial, incluyendo roles en UTC Carrier, PRI Automation y Brooks Automation. Actualmente es el presidente y CEO de The Raymond.
La experiencia del Sr. Field abarca ingeniería, manufactura esbelta, integración de fábricas, gestión de productos y desarrollo de canales. Posee una licenciatura en Ingeniería Mecánica, una maestría en Ingeniería de Manufactura y un MBA en Operaciones Internacionales.
El CEO Arthur Sams dio la bienvenida al Sr. Field, destacando su liderazgo en la industria de equipos pesados y su experiencia en gestión de distribución y talento. La designación cubre un puesto vacante en la junta, aumentando a tres el número de directores independientes.
폴라 파워 (NASDAQ: POLA)가 마이클 필드를 독립 이사이자 보상위원회 의장으로 임명했습니다. 필드 씨는 UTC 카리어, PRI 자동화 및 브룩스 자동화에서의 역할을 포함하여 40년 이상의 경험을 보유하고 있습니다. 그는 현재 레이몬드의 회장 겸 CEO입니다.
필드 씨의 전문 분야는 엔지니어링, 린 제조, 공장 통합, 제품 관리 및 채널 개발입니다. 그는 기계 공학 학사, 제조 공학 석사 및 국제 운영 MBA를 보유하고 있습니다.
CEO 아서 샘스는 필드 씨를 환영하며 중장비 산업에서의 그의 리더십과 유통 및 인재 관리 전문성을 강조했습니다. 이번 임명은 공석인 이사회를 채우며 독립 이사 수를 3명으로 늘립니다.
Polar Power (NASDAQ: POLA) a nommé Michael Field en tant que directeur indépendant et président du comité de rémunération. M. Field apporte quarante ans d'expérience dans la fabrication et l'équipement à l'échelle mondiale, ayant occupé des postes chez UTC Carrier, PRI Automation et Brooks Automation. Il est actuellement président et PDG de The Raymond.
L'expertise de M. Field couvre l'ingénierie, la production lean, l'intégration des usines, la gestion des produits et le développement des canaux. Il possède un BS en ingénierie mécanique, un MS en ingénierie de fabrication et un MBA en opérations internationales.
Le PDG Arthur Sams a accueilli M. Field, mettant en lumière son leadership dans l'industrie des équipements lourds et son expertise en distribution et gestion des talents. La nomination comble un siège vacant au conseil d'administration, portant le nombre de directeurs indépendants à trois.
Polar Power (NASDAQ: POLA) hat Michael Field zum unabhängigen Direktor und Vorsitzenden des Vergütungsausschusses ernannt. Herr Field bringt vier Jahrzehnte Erfahrung im globalen Maschinenbau und der Ausrüstung mit, einschließlich Rollen bei UTC Carrier, PRI Automation und Brooks Automation. Derzeit ist er Präsident und CEO von The Raymond.
Die Expertise von Herrn Field umfasst Ingenieurwesen, Lean Manufacturing, Fabrikintegration, Produktmanagement und Kanalentwicklung. Er hat einen BS in Maschinenbau, einen MS in Fertigungstechnik und einen MBA in internationalen Operationen.
CEO Arthur Sams begrüßte Herrn Field und hob seine Führungsqualitäten in der Branche für schwere Maschinen sowie seine Expertise im Vertrieb und im Talentmanagement hervor. Die Ernennung füllt einen vakanten Platz im Vorstand und erhöht die Zahl der unabhängigen Direktoren auf drei.
- Appointment of an experienced industry leader as independent director
- New director brings expertise in global manufacturing and equipment
- Potential for improved operational excellence and distribution management
- Strengthened board composition with three independent directors
- None.
New Board Member Provides Four Decades of Industrial Global Manufacturing and Team Building Leadership
GARDENA, CA, July 30, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces that Michael Field has been appointed a director of the Company and compensation committee chair.
Mr. Field joins the Polar Board with four decades of experience in global manufacturing and equipment spanning engineering and technology development, lean manufacturing, factory and systems integration, product management and channel development. He has held key operating and managerial roles and positions both at the divisional and executive levels at UTC Carrier Corporation, PRI Automation and Brooks Automation, and is currently the President and CEO of The Raymond Corporation, which is in the materials handling market.
He holds a BS in Mechanical Engineering from Rochester Institute of Technology (RIT), an MS in Manufacturing Engineering and MBA with a concentration in International Operations from Boston University.
Arthur Sams, Polar Power’s CEO, commented, “We welcome Mike to the Board of Directors and the opportunity to leverage his vast experience for the benefit of Polar Power and our shareholders. His outstanding credentials as a leader from within the heavy equipment industry, besides from the manufacturing side, include an expertise in distribution and channel management along with talent acquisition and development, both very high priorities to us. We expect that he will be a great resource and addition to the board.”
Mr. Field added, “I look forward to joining the team and augmenting Polar Power’s ability to achieve global operational excellence, through a commitment to continuous improvement, from the shop floor to distribution management and customer experience. I believe my extensive background and experience will provide a great source of support to the board and enhance the Polar Power team’s ability to execute on a set of very exciting and environmentally-friendly growth initiatives.”
The appointment fills a vacant board seat and brings the number of independent directors to three.
About Polar Power, Inc.
Polar Power (NASDAQ: POLA), an innovative provider of DC advanced power and cooling systems across diverse industrial applications, is pioneering technological changes that radically change the production, consumption, and environmental impact of power generation. Our product portfolio, known for innovation, durability, and efficiency, presently includes standard products for telecom, military, renewable energy, marine, automotive, residential, commercial, oil field and mining applications. Polar Power’s systems can be configured to operate on any energy source including photovoltaics, diesel, LPG (propane and butane), and renewable fuels.
Our telecom power solutions offer significant cost savings with installation, permitting, site leases, and operation. Our military solutions provide compact, lightweight, fuel efficient, reliable power solutions for robotics, drone, communications, hybrid propulsion, and other applications.
Our mobile rapid battery charging technology enables on-demand roadside charging for electric vehicles. Our combined heat and power (CHP) residential systems offer innovative vehicle charging and integrated home power systems via natural gas or propane feedstocks, optimizing performance and system costs.
Our micro / nano grid solutions provide lower cost energy in “bad-grid or no-grid” environments. Our commitment to technological advancement extends to hybrid propulsion systems for marine and specialty vehicles, ensuring efficiency, comfort, reliability, and cost savings.
For more information, please visit www.polarpower.com or follow us on www.linkedin.com/company/polar-power-inc/.
Investor Relations Contact:
At CORE IR
Peter Seltzberg, SVP Investor Relations and Corporate Advisory
516-419-9915
peters@coreir.com
At Polar Power Inc.
IR@PolarPowerinc.com
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