Advanced Energy Names New COO

Manufacturer of power supply equipment for renewable energy and information technology companies named Yuval Wasserman chief operating officer.

FORT COLLINS, Colo. (AP) -- Advanced Energy Industries Inc. on Tuesday said it named Yuval Wasserman chief operating officer, effective April 3, 2009.

The company, which manufactures power supply equipment and related products for renewable energy and information technology companies, said Wasserman will be responsible for worldwide operations in addition to his existing responsibilities overseeing sales, service and marketing.

Wasserman, who joined the company in August 2007, previously served as president and CEO of Tevet Process Control Technologies Inc.

Shares of the company closed at $8.42 on Monday.

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