SOURCE: Nortek, Inc.

Nortek, Inc.

April 18, 2016 16:29 ET

Nortek Appoints Bruno Biasiotta as Chief Operating Officer, Air Management

PROVIDENCE, RI--(Marketwired - Apr 18, 2016) - Nortek, Inc. (NASDAQ: NTK), a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, today announced the appointment of Bruno Biasiotta as Chief Operating Officer, Air Management. In this newly appointed role, Mr. Biasiotta will report to Nortek's President and Chief Executive Officer, Michael J. Clarke, and assume responsibility for the Residential & Commercial HVAC (RCH) and Custom & Commercial Air Solutions (CAS) businesses. Group Presidents, Dave LaGrand (RCH) and Mark DeVincent (CAS) will report to Mr. Biasiotta.

Mr. Biasiotta brings to Nortek over 25 years of industrial and technology experience having served in several senior-level management positions. Together with LaGrand and DeVincent, Biasiotta will focus on competitive positioning and long-term strategy for Nortek's two businesses that serve the HVAC market with combined 2015 net sales of $1.0 billion.

"We're excited about the potential and direction of our RCH and CAS businesses," said President and Chief Executive Officer Michael J. Clarke. "We have directed significant resources at positioning these businesses for improved performance including streamlining our operations and product lines, relocating production to Mexico and introducing new products and implementing go-to-market strategies. Importantly, through our Reznor acquisition, we've begun to bridge these two segments' offerings, providing a unique platform from which to build upon."

Mr. Clarke continued, "With Bruno on board, we look forward to taking these businesses to the next level. Bruno will be instrumental in leading the businesses further down the path towards operational excellence while at the same time utilizing the combined capabilities of both to leverage our channels and further expand our product offerings, particularly those that address the light commercial and commercial markets."

Mr. Biasiotta commented, "I'm excited to join the Nortek team and look forward to working closely with Dave and Mark to continue driving operational excellence and enhancing customer value across the businesses. Nortek's air management solutions address important needs in varying segments of the HVAC market and I look forward to leveraging the Nortek platform to explore additional opportunities. I am excited about the future growth prospects of these important businesses."

Mr. Biasiotta brings to Nortek more than 25 years of senior-level experience with multi-national technology and industrial companies. Most recently he served as Chief Executive Officer of Philips Lighting Americas, where he was responsible for leading the operations of the $2.8 billion business during a comprehensive business transformation process. Prior to Philips Lighting, Biasiotta held a 16-year tenure with Johnson Controls where he built a strong foundation in operational leadership while driving significant growth in the business that he managed. His experience also includes marketing and operational leadership roles with Brewer-Garrett and Xerox Corporation. Mr. Biasiotta holds a Bachelor of Business degree from Cleveland State University.

About Nortek

Nortek is a global, diversified industrial company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. The Company's broad array of offerings includes ventilation products such as range hoods and bathroom fans, security and audio/video solutions, heating and cooling products, air management systems, and ergonomic and productivity solutions.

As used herein, the term "Nortek" refers to Nortek, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs.

Safe Harbor Statement

This press release includes statements that constitute "forward-looking" statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words such as "anticipate," "believe," "could," "estimate," "expect," "feel," "intend," "may," "plan," "potential," "project," "seek," "should," "will," or "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on Nortek's current plans and expectations and involve risks and uncertainties, over which we have no control, that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Nortek undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. For further information, readers are urged to carefully review and consider the reports and filings of Nortek with the Securities and Exchange Commission including the description of "risk factors" set forth under Item 1A in our Annual Report on Form 10-K and any further disclosures the Company makes on related subjects in subsequent reports filed with the SEC.

Contact Information

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    Michael Botelho
    Vice President, Strategy and Investor Relations
    Nortek, Inc.
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