Thermon Group Holdings, Inc. Announces Board Changes
July 26, 2019 at 02:38 pm EDT
Share
Thermon Group Holdings, Inc. announced that John T. Nesser III has been appointed to succeed Charles A. Sorrentino as the non-executive chairperson of the board of directors of the company in order to provide for an orderly succession for the Board's leadership. Mr. Sorrentino will continue to serve as a member of the Board. The Board of Directors, on the recommendation of the nominating and corporate governance committee of the Board, appointed each of John U. Clarke and Roger L. Fix as directors of the Company, effective as of July 26, 2019. In connection with the appointment of Messrs. Clarke and Fix, the Board increased its size from seven to nine members effective as of the same date. Messrs. Clarke and Fix are each appointed to serve as directors until the company's next annual meeting of shareholders in 2020. Effective as of July 26, 2019, Mr. Clarke has also been appointed to serve on the audit, compensation and nominating and corporate governance committees of the Board, and Mr. Fix has been appointed to serve on the compensation, nominating and corporate governance and finance committees of the Board. John U. Clarke, age 66. Mr. Clarke currently serves as a partner of Turnbridge Capital, LLC, a position that Mr. Clarke has held since 2011. Mr. Fix currently serves as the non-executive chairman of the board of Flowserve Corporation, a position he has held since 2017.
Thermon Group Holdings, Inc. provides mission-critical industrial process heating solutions. The Company provides complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. The Company offers a full suite of products (heating units, heating cables, tubing bundles, heated blankets, and temporary power solutions), services (engineering, installation and maintenance services) and software (design optimization and wireless and network control systems). The Company operates through four segments: the United States and Latin America (USLAM), Canada, Europe, the Middle East and Africa (EMEA), and Asia-Pacific (APAC). It offers turnkey heat tracing solutions for maintaining pipe, vessel, and foundation temperatures in industrial and hazardous locations as well as in commercial applications. The Company also offers electric resistance, electrode and super critical coil tube boilers and steam generators.