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NN, Inc. appointed Warren Veltman as President and Chief Executive Officer, following his service as interim President and CEO since September 2019.
Robert Brunner, Chairman of the Board, said, “Following a comprehensive search of qualified candidates, the Board concluded that Warren is best suited to lead NN through its next evolution. Since he was named interim President and CEO, Warren has applied his deep industry knowledge, leadership and operational skills to the role, implementing effective cost saving initiatives, strengthening our balance sheet and helping lead the Company’s review of strategic alternatives. The Board has confidence in his ability to continue to drive improved financial and operational performance and enhance long-term shareholder value.”
Mr. Veltman said, “I am honored by the Board’s decision to appoint me as President and CEO of NN and I am grateful for the Board’s support as we work together to implement numerous initiatives to streamline costs, de-lever our balance sheet and strengthen our credit profile. I remain focused on pursuing disciplined capital allocation strategies that will set NN up effectively to drive value in the long-term.”
Mr. Veltman has served as Executive Vice President of NN’s Mobile Solutions group since 2014, when he joined NN during its acquisition of Autocam Corporation, manufacturer of automotive components. Mr. Veltman previously served as CFO and Treasurer of Autocam Corporation, and of medical device manufacturer Autocam Medical.
NN’s businesses include NN LifeSciences, serving the medical device community with 15 locations across North America, Europe and Asia. NN Life Sciences has expertise in the design, validation and advanced manufacturing of products for the Life Sciences market. Its portfolio includes cases and trays, reusable and single-use surgical instruments, implantable components, drug delivery and other specialty medical devices.
