Video Interview: Vesa Laisi, President and CEO of Vacon Plc and Tom Doring, President of Vacon Inc. [VAC1V]

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NEW YORK, Nov. 26, 2012 (GLOBE NEWSWIRE) -- Veteran business journalist Carmen Roberts joins Vesa Laisi, President and CEO of Vacon Plc and Tom Doring, President of Vacon Inc. to discuss the company's industry, strategy, financials and positioning.

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Vesa Laisi
Vacon Plc [VAC1V]
President and CEO

Mr. Laisi joined Vacon as the Chief Executive Officer and President in 2002. Vacon is a public company traded on the NASDAQ OMX stock exchange in Helsinki, Finland. From 2000 to 2002 he served as the Marketing Director of Vaisala, a NASDAQ OMX Helsinki listed technology company. Prior to joining Vaisala, he held many management positions for ABB.

Under his direction, Vacon has grown from a 97-MEUR company in 2002 to a 400-MEUR company today. Vacon is one of the leading AC drives suppliers in the world. Serving customers worldwide, Vacon has product development and production operations on three continents and a global sales network with 28 sales offices. Mr. Laisi holds Master of Science degrees both in Electronics and in Marketing.

Tom Doring
Vacon Inc [VAC1V]

Mr. Thomas M. Doring has been the President of Vacon North America since September 1, 2009. Mr. Doring serves as President of Vacon Inc. a wholly owned subsidiary of Vacon Plc. Mr. Doring serves as President of Vacon Canada Inc. a wholly owned subsidiary of Vacon Plc. Mr. Doring serves as President of Vaasa Control de Mexico a wholly owned subsidiary of Vacon Plc. Mr. Doring served as Executive Vice President of Sales and Marketing for Vacon North America from October 2008 to September 2009. Mr. Doring joined Vacon from Eaton Corporation, where he served 21 years in numerous roles of escalating responsibility. Mr. Doring's roles within Eaton Corporation, in chronological order were: Sales Engineer, Regional Marketing Manager, Product Manager, District Sales Manager, Product line and Marketing Manager for Industrial Automation and Business Unit Manager for Power and Control Assemblies. Prior to joining Eaton Corporation, Mr. Doring started his career with Danaher Corporation. He has served on the board of Directors for the United Way of Greater Milwaukee. He serves as a Board member of the St. Joseph's School Athletic Ministry Board. He serves as the Chairman of the JDJ Memorial foundation. Mr. Doring holds a Bachelor of Science in Engineering from the University of Dayton.

Vacon Plc [VAC1V]

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 27 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

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Source: NASDAQ CEO Signature Series;Vacon Plc