Published: September 01, 2009
AEES Names Frank Sovis President and CEO
FARMINGTON HILLS, Mich. - (BUSINESS WIRE) - AEES, Inc., a world leader in the design, development and production of
high quality electrical and electronic distribution systems for personal
and commercial vehicles, today announced the appointment of Frank Sovis
as President and Chief Executive Officer.
Mr. Sovis has recently been working as a consultant to AEES and Platinum
Equity, the private investment firm that acquired AEES from Alcoa in
June.
"Frank is a proven leader and accomplished industry veteran," said Rob
Joubran, partner at Platinum responsible for transition and integration
functions at newly acquired portfolio companies. "He's played a critical
role in pre-acquisition and transition activities and is well prepared
to lead the company forward as we continue restructuring the business
and charting a path toward long-term health and profitability."
Prior to joining AEES, Mr. Sovis served as Chief Operating Officer of
Noble International, Ltd., a $1.2B supplier of metal products with 23
facilities in North America, Europe and Asia.
Mr. Sovis also previously served as President of Lear Corporation's
Interior Systems Division, the company's second largest division, which
generated $3.5B in sales to all major OEM's and included production
across 37 facilities.
Prior to Lear, Mr. Sovis also spent time at Ernst & Young as a
manufacturing consultant and at General Motors in various financial
roles.
Mr. Sovis earned a Bachelor of Science degree in Business Administration
and a Masters in Business Administration from the University of
Michigan. A Michigan native, Mr. Sovis and his wife Susan have four
children.
Mr. Sovis succeeds Jon Jensen, who joined AEES in 2006 and has served as
President and CEO since 2008.
About Platinum Equity
Platinum Equity (www.platinumequity.com)
is a global M&A&O firm specializing in the merger, acquisition and
operation of companies that provide services and solutions to customers
in a broad range of business markets, including information technology,
telecommunications, logistics, metals services, manufacturing and
distribution. Since its founding in 1995 by Tom Gores, Platinum Equity
has completed nearly 100 acquisitions with more than $27.5 billion in
aggregate annual revenue at the time of acquisition.
AEES, Inc.
Rico Mutone, 248-489-4987
Rico.mutone@alcoa.com
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