Thermon Group Holdings, Inc. Announces Board Changes
July 26, 2019 at 02:38 pm EDT
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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 industrial process heating solutions. The Company specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. Its advanced industrial heating and filtration solutions include various categories, such as environmental heating (branded as Ruffneck, Norsemen, and Catadyne), process heating (branded as Caloritech), filtration (branded as 3L Filters), rail and transit (branded as Hellfire, Velocity, ArcticSense and others), and boilers (branded as Vapor Power, Precision Boilers, and Caloritech). It offers a full suite of products, which include heating units, electrode and gas-fired boilers, heating cables, industrial heating blankets and related products, temporary power solutions and tubing bundles; services, which include engineering, installation and maintenance services, and software, which includes design optimization and wireless and network control systems.