NN, Inc. Announces Retirement of Warren Veltman as Chief Executive Officer
November 01, 2022 at 04:31 pm EDT
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NN, Inc. announced that its Board of Directors has implemented a management transition plan to address the planned retirements of Warren Veltman, Chief Executive Officer. NN anticipates that Mr. Veltman will remain in the current position until March 31, 2023, which may be extended in order to facilitate an orderly transition. Following the respective retirement, the Company expects that Mr. Veltman will remain available on a consulting basis to assist with the management transition as needed.
NN, Inc. is a diversified industrial company. The Company combines advanced engineering and production capabilities with materials science expertise to design and manufacture high-precision components and assemblies. The Company operates through two segments: Mobile Solutions and Power Solutions. Mobile Solutions segment manufactures components for use in power steering, braking, transmissions, and gasoline fuel system applications, along with components utilized in heating, ventilation and air conditioning and diesel injection and diesel emissions treatment applications. The segmentâs technical capabilities can be utilized in various applications, including for use in battery electric, hybrid electric, and internal combustion engine vehicles. Power Solutions segment manufactures a range of products, including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market.
NN, INC. 
