HPS Announces CFO Retirement and Appoints Richard Vollering as CFO and Corporate Secretary

PB-46-HPS-RichardVollering-400.jpg

June 21, 2021

Hammond Power Solutions (HPS) is pleased to announce the appointment of Richard Vollering as Chief Financial Officer and Corporate Secretary of HPS effective June 14, 2021. Mr. Vollering will be replacing Chris Huether, who is retiring after a 35-year career at HPS. Chris Huether will remain with the company until the end of 2021 to ensure a smooth and orderly transition.

“Richard brings a wealth of experience in international custom and standard product manufacturing within the commercial industry,” said Bill Hammond, Chairman and CEO of Hammond Power Solutions. “Richard’s experience in private and public markets will be an asset as HPS looks to expand its North American product offering and grow in jurisdictions where our products are made and sold.”

Most recently, Mr. Vollering was with Teknion Corporation, a Canadian-based manufacturer with more than 3,000 employees, where he held the position of Chief Financial Officer since 2019. Prior to his appointment as CFO in 2019, he held several progressively senior leadership roles within the organization. Richard has a proven track record as a financial leader, responsible for delivering profitable growth since 2001. He previously held financial roles with Bombardier, Equifax and State Street Capital. Richard holds an MBA from York University, a Bachelors in Business Administration from Wilfred Laurier as well as CPA, CMA designation.

“On behalf of our Board of Directors and all of us at Hammond Power Solutions, I want to thank Chris for his exceptional contributions throughout his 35 years with HPS. He is an experienced and highly principled leader, mentor, colleague and friend and has created tremendous value for our company and our shareholders,” said Bill Hammond. “Chris’ guidance has been especially critical as he has had a significant impact on our strategic direction, growth and financial success. Chris leaves behind a tremendous legacy and I want to personally wish him all the best as he prepares for the next chapter of his life.”

For more information, visit www.hammondpowersolutions.com.

Related Articles

When the Robot Sorts the Garbage for You

When the Robot Sorts the Garbage for You

At the international Smart Green Island Makeathon engineering competition, 13 students were given three days to build a machine that uses robots to sort garbage. Austrian automation specialist B&R supported an interdisciplinary team of students from Brno University of Technology (CZ), the Kempten University of Applied Sciences (DE), the Technical University of Ostrava (CZ), the University of Applied Sciences in Bremerhaven (DE) and the University of Erlangen-Nuremberg (DE).

 

 

 

Techspan

Techspan Industries Inc. of Mississauga Ontario has Signed a Letter of Intent to Acquire Fusetek of Kingston Ontario

 

Malcolm Bird, General Manager of Fusetek, and Frank Dunnigan, CEO of Techspan Industries, are pleased to announce the proposed sale of shares of Fusetek to Techspan Industries Inc. The expected closing date is June 12, 2018.

 

 

CSIA

2018 CSIA Executive Conference

 

The annual CSIA Executive Conference is the highlight of the professional year, when over 500 system integrators and industry partners meet to network, hear outstanding speakers, share best practices, and learn about new products and services. In addition to strong educational programming, the Partner Industry Expo and Reception will showcase the latest products and services from industry supplier, manufacturer and service provider members.

 

 

Changing Scene

  • RS Now Offers Sifam Tinsley Instrumentation Solutions

    RS Now Offers Sifam Tinsley Instrumentation Solutions

    RS is now an authorized distributor for Sifam Tinsley Instrumentation, a trusted supplier of high-quality electrical measuring instruments. Sifam Tinsley offers a variety of instrumentation solutions well-suited for use in a wide range of market segments, including the power and energy, food and beverage, pharmaceutical, information technology, chemical and petrochemical, oil and gas, automotive, transportation,… Read More…

  • Emerson to Join Project Margo to Help Drive Greater Industrial Edge Interoperability

    Emerson to Join Project Margo to Help Drive Greater Industrial Edge Interoperability

    Emerson is joining the Linux Foundation’s Margo, a new open-standard initiative designed to make edge applications, devices and orchestration software work together seamlessly across multi-vendor industrial automation environments. As process and discrete manufacturers implement enhanced digitalization, they encounter challenges at the edge due to multi-vendor and multi-technology devices, apps and orchestration environments that do not… Read More…

Sponsored Content
The Easy Way to the Industrial IoT

The way to the Industrial IoT does not have to be complicated. Whether access to valuable data is required or new, data-driven services are to be generated, Weidmuller enables its customers to go from data to value the easy way. Weidmuller’s comprehensive and cutting-edge IIoT portfolio applies to greenfield and brownfield applications. Weidmuller offers components and solutions from data acquisition, data pre-processing, data communication and data analysis.

Visit Weidmuller’s Industrial IoT Portfolio.

ADVANCED Motion Controls Takes Servo Drives to New Heights (and Depths) with FlexPro Extended Environment Product Line

Advanced Motion Controls is proud to announce the addition of six new CANopen servo drives with Extended Environment capabilities to their FlexPro line. These new drives join AMC’s existing EtherCAT Extended Environment FlexPro drives, making the FlexPro line the go-to solution for motion control applications in harsh environments.

Many motion control applications take place in conditions that are less than ideal, such as extreme temperatures, high and low pressures, shocks and vibrations, and contamination. Electronics, including servo drives, can malfunction or sustain permanent damage in these conditions.

Read More

Service Wire Co. Announces New Titles for Key Executives

Bruce Kesler and Mark Gatewood have been given new titles and responsibilities for Service Wire Co.

Bruce Kesler has assumed the role of Senior Director – Business Development. Bruce will be responsible for Service Wire’s largest strategic accounts and our growing Strategic Accounts Team.

Mark Gatewood has been promoted to the role of Vice President – Sales & Marketing. In this role, Gatewood will lead the efforts of Service Wire Company’s entire sales and marketing organization in all market verticals.

Read More

Tri-Mach Announces the Purchase of an Additional 45,000 sq ft. Facility

Tri-Mach Elmira Facility

Recently, Tri-Mach Inc. was thrilled to announce the addition of a new 45,000 sq ft. facility. Located at 285 Union St., Elmira, ON, this facility expands Tri-Mach’s capabilities, allowing them to better serve the growing needs of their customers.

Positioning for growth, this additional facility will allow Tri-Mach to continue taking on large-scale projects, enhance product performance testing, and provide equipment storage for their customers. The building will also be the new home to their Skilled Trades Centre of Excellence.

Read More

JMP Parent Company, CONVERGIX Acquires AGR Automation, Expanding Global Reach

Convergix Automation Solutions has completed the acquisition of AGR Automation (“AGR”), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry.

Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.

Read More

Latest Articles

  • Embracing Vendor-Agnostic Network Technologies for System Integrators

    Embracing Vendor-Agnostic Network Technologies for System Integrators

    The COVID-19 pandemic presented system integrators with a unique opportunity to evaluate manufacturer performance during a global disruption. Throughout this period, there have been numerous instances where end users have successfully utilized their diversified supply chains to enhance production by integrating more device-level components into their existing factory setups. This strategy has enabled teams to… Read More…

  • Enhancing Food and Beverage Manufacturing with Motion Control

    Enhancing Food and Beverage Manufacturing with Motion Control

    Reliability in automation motion control is crucial for original equipment manufacturers (OEMs), directly influencing machine efficiency and production costs. Key factors such as servo position accuracy, trajectory repeatability, and system efficiency are essential for maintaining high performance and competitiveness. OEMs must balance the addition of advanced features with profitability, ensuring their equipment meets customer expectations… Read More…