Bel Announces Retirement of Dennis Ackerman; Steve Dawson Appointed as President of Bel’s Power and Protection Segment
01 Juillet 2024 - 10:05PM
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today confirmed consistent
with prior announcements that Dennis Ackerman will retire from the
Company effective July 31, 2024 after 37 years of service, having
served as President of Bel Power Solutions and Protection since
2014. As previously announced, Steve Dawson, who most recently
served as Vice President of Marketing and Business Development for
the Power segment, has been named to succeed Mr. Ackerman. His
appointment as the new President of Bel Power Solutions and
Protection is effective July 1, 2024.
Mr. Ackerman joined Bel in 1986 and held the positions of
Customer Service Manager, Sales Manager, Purchasing Director and
Operations Director. In 2001, he was named Vice President of
Operations and in June 2014, he was named President of the Bel
Power Solutions and Protection segment.
Daniel Bernstein, President and CEO, said, “We greatly
appreciate Dennis’ hard work, dedication and commitment to Bel for
the past 37 years. Dennis has been a trusted colleague to me during
my tenure as CEO, overseeing many of our past acquisitions, and has
been a strategic partner in driving the overall growth of Bel over
the years. We wish Dennis all the best in his retirement.
“The appointment of Steve into this role reflects the evolution
taking place within Bel as we continue to position ourselves for
growth as a global leader in the electronic component industry.
Steve has demonstrated outstanding performance, technical
capability, leadership skills, and dedication to continuous growth.
I am confident he will lead the Bel Power Solutions and Protection
segment to long term success,” concluded Mr. Bernstein.
Steve Dawson has over 25 years of progressive experience in
power and circuit protection. Before joining Bel, Mr. Dawson held
positions in Manufacturing, Engineering, Product Management and
Business Development with Cooper Industries’ circuit protection
business, a company later acquired by Eaton. After twelve years at
Cooper Industries, he joined Power-One, a well-known manufacturer
of power supplies. There Mr. Dawson led the Marketing and Business
Development efforts when Power-One was acquired by ABB. Dawson was
later involved in the sale of the power business from ABB to Bel,
where he most recently served as Vice President of Marketing and
Business Development for Bel’s Power segment. Mr. Dawson earned his
Bachelor’s degree in Industrial Engineering from the University of
Cincinnati and his MBA degree from Washington University in St.
Louis.
About BelBel (www.belfuse.com)
designs, manufactures and markets a broad array of products that
power, protect and connect electronic circuits. These products
are primarily used in the networking, telecommunications,
computing, general industrial, high-speed data transmission,
military, commercial aerospace, transportation and eMobility
industries. Bel's portfolio of products also finds application
in the automotive, medical, and consumer electronics
markets. Bel's product groups include Magnetic Solutions
(integrated connector modules, power transformers, power inductors
and discrete components), Power Solutions and Protection
(front-end, board-mount and industrial power products, module
products and circuit protection), and Connectivity Solutions
(expanded beam fiber optic, copper-based, RF and RJ connectors and
cable assemblies). The Company operates facilities around the
world.
Company Contact:Lynn Hutkin, VP Financial
Reporting & Investor Relationsir@belf.com
Investor Contact:Three Part AdvisorsJean Marie
Young, Managing Director or Steven Hooser, Partner631-418-4339
Bel Fuse (NASDAQ:BELFA)
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