Founder remaining as CEO, chairman for metal cutting specialist
Metal-cutting system specialist Hypertherm Inc. elevated its vice president and general manager Evan Smith to the role of president. Hypertherm founder and CEO Dick Couch will remain as chief executive and chairman of the firm’s board of directors. "Evan has done an excellent job in every role he has had at Hypertherm, and it is a pleasure to name him President," stated Couch. "I, and my fellow board members, have the utmost confidence in Evan and the entire management team, and look forward to many more years of growth for Hypertherm."
Also, Hypertherm said its chief financial officer would be expanding his role at the company: CFO Carey Chen will oversee Hypertherm's air plasma and related product lines as CFO and vice president/general manager of Light Industrial Businesses.
New Hampshire-based Hypertherm designs and builds cutting systems used in numerous industries, including shipbuilding and automotive repair, as well as general manufacturing. Its products include handheld and mechanized plasma and laser systems, consumables, CNC motion and height control, and CAM cutting software.
Evan Smith was named vice president and general manager of Hypertherm in 2001, overseeing its strategic business units and global sales organization. Hypertherm's revenue more than tripled over that period, the firm noted, and the size of the business has grown significantly.
Chen has been Hypertherm's chief financial officer since 2006, managing the company's information services, legal, corporate development, advanced R&D, and various customer-related service functions. His prior experience included a post as v.p.-finance at Wiremold/Legrand, a wire and cable management company; and vice president and CFO for Bayliner Marine Corp. He also has consulting experience, specializing in corporate strategy and development.