Allied Motion Announces CFO Transition

DENVER--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (NASDAQ: AMOT) has hired Robert (Rob) P. Maida, effective October 1, 2012, to become the Chief Financial Officer of the Company effective December 1, 2012 to replace Richard (Dick) D. Smith who will retire on March 31, 2013. Dick currently serves as the Executive Chairman of the Board of Directors and the Chief Financial Officer of the Company and will work with Rob until his retirement to provide a smooth transition of the CFO’s responsibilities. After his retirement, Dick will continue to serve as a Board Member for the Company as recommended by the Board of Directors and approved by the Company’s shareholders.

“Rob combines strong international finance, motion industry and extensive training/experience of lean tools and principles, all of which will contribute to the accomplishment of the strategic goals and objectives of our company,” commented Dick Warzala, President and CEO. “Rob will be a key member of our Operational Excellence Team as we expand and implement Allied Systematic Tools (AST) in all areas of our business. His past leadership experience in implementing ERP systems will also help ensure a successful installation of the Microsoft Dynamics AX ERP System, currently being implemented throughout the Company.”

Prior to joining Allied, Rob worked for over two years as the Director of Finance for Avox Systems, Inc., a subsidiary of Zodiac Aerospace. Prior to that, Rob worked for 10 plus years for API Motion/Danaher Motion, where he progressed to the position of Director of Finance for the Applied Products Group of Danaher Motion, a subsidiary of Danaher Corporation. Prior to that, he was the Vice President of Finance for Great Lakes Industries, Inc. and the Director of Finance of BRC, a division of Bryce Corporation. After Rob graduated from the State University of New York at Buffalo with a Bachelor of Science degree in Business Administration, he was a Certified Public Accountant for Dopkins & Company in Buffalo for just under four years.

Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world.

The statements in this press release that relate to future plans, events or performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and may contain the word “believe,” “anticipate,” “expect,” “project,” “intend,” “will continue,” “will likely result,” “should” or words or phrases of similar meaning. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results of the Company to differ materially from the forward-looking statements. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements as a prediction of actual results. The Company has no obligation or intent to release publicly any revisions to any forward-looking statements, whether as a result of new information, future events, or otherwise.

Allied Motion Technologies Inc.
Dick Smith, 303-799-8520
Sue Chiarmonte, 303-799-8520

Source: Allied Motion Technologies Inc.