HOUSTON, Nov. 19, 2015 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (NASDAQ:AETI), a leading provider of power delivery solutions for the global energy industry announced today that Bill Brod has joined the company as Senior Vice President and Chief Financial Officer.
Mr. Brod brings over 20 years of finance, accounting and business development experience in the oil & gas and power generation industries.
Mr. Brod was most recently the CFO for OceanGeo B.V., a global provider of ocean bottom seismic services. Prior to OceanGeo, Mr. Brod served in a variety of roles with international power company AES Corporation including Vice President, CFO and Director for multiple business units in the U.S. and Mexico. Brod previously was a partner at accounting firm George, Morgan, & Sneed, and began his career in public accounting as an auditor with Ernst & Young.
Mr. Brod will report directly to AETI’s President and CEO, Charles Dauber and will be located in the AETI office in Houston.
“We are excited to bring Bill on board with his strong financial experience and background in our core oil & gas and power generation markets,” said Charles Dauber, AETI President and CEO. “Bill’s business development, M&A, and international experience will be an added benefit to the company as we focus on achieving the next phase of our company’s growth objectives.”
Mr. Brod is a Certified Public Accountant and holds a Bachelor's degree in Accounting from Tarleton State University and an executive Masters of Business Administration from the University of Houston with a certificate in Global Energy Management. He also currently serves as a governor appointee to the Texas Judicial Compensation Commission.
“AETI has made significant strides in sales and operational execution in the past two years and is well positioned to expand their market share,” said Brod. “I’m excited to join the team and look forward to helping Charles and the team profitably grow the company and deliver value to our shareholders.”
American Electric Technologies, Inc. (NASDAQ:AETI) is a leading supplier of power delivery solutions for the global energy industry. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services. South Coast Electric Systems L.L.C., a subsidiary, services Gulf Coast marine and vessel customers.
AETI is headquartered in Houston and has global operations in Beaumont, Texas; Bay St. Louis, Mississippi, and Rio de Janeiro and Macae, Brazil. In addition, AETI has minority interests in two joint ventures, which have facilities located in Xian, China and Singapore. AETI’s SEC filings, news and product/service information are available at www.aeti.com.