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FARMINGTON HILLS, Mich. – September 1, 2009 – AEES, Inc., a world leader in the design, development and production of high quality electrical and electronic distribution systems for personal and commercial vehicles, today announced the appointment of Frank Sovis as President and Chief Executive Officer.
Mr. Sovis has recently been working as a consultant to AEES and Platinum Equity, the private investment firm that acquired AEES from Alcoa in June.
“Frank is a proven leader and accomplished industry veteran,” said Rob Joubran, partner at Platinum responsible for transition and integration functions at newly acquired portfolio companies. “He’s played a critical role in pre-acquisition and transition activities and is well prepared to lead the company forward as we continue restructuring the business and charting a path toward long-term health and profitability.”
Prior to joining AEES, Mr. Sovis served as Chief Operating Officer of Noble International, Ltd., a $1.2B supplier of metal products with 23 facilities in North America, Europe and Asia.
Mr. Sovis also previously served as President of Lear Corporation’s Interior Systems Division, the company’s second largest division, which generated $3.5B in sales to all major OEM's and included production across 37 facilities.
Prior to Lear, Mr. Sovis also spent time at Ernst & Young as a manufacturing consultant and at General Motors in various financial roles.
Mr. Sovis earned a Bachelor of Science degree in Business Administration and a Masters in Business Administration from the University of Michigan. A Michigan native, Mr. Sovis and his wife Susan have four children.
Mr. Sovis succeeds Jon Jensen, who joined AEES in 2006 and has served as President and CEO since 2008.
About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed nearly 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition.
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