Bel Fuse President Ackerman Retires

Bel Fuse Inc. has confirmed the retirement of Dennis Ackerman, who served as President of Bel Power Solutions and Protection for 37 years, effective July 31, 2024. Steve Dawson has been appointed as the new President of Bel Power Solutions and Protection, effective July 1, 2024. Dawson previously served as Vice President of Marketing and Business Development for the Power segment.

Dawson has over 25 years of progressive experience in power and circuit protection, having held positions in Manufacturing, Engineering, Product Management, and Business Development with Cooper Industries' circuit protection business and Power-One. He holds a Bachelor's degree in Industrial Engineering from the University of Cincinnati and an MBA degree from Washington University in St. Louis.

Bel (Nasdaq: BELFA and BELFB) designs, manufactures, and markets products for various industries including networking, telecommunications, computing, industrial, data transmission, military, aerospace, transportation, eMobility, automotive, medical, and consumer electronics. The company's product groups include Magnetic Solutions, Power Solutions and Protection, and Connectivity Solutions. Bel operates facilities worldwide.

The appointment of Steve Dawson reflects the company's strategic evolution and positioning for growth as a global leader in the electronic component industry. Daniel Bernstein, President and CEO of Bel, expressed confidence in Dawson's ability to lead the Bel Power Solutions and Protection segment to long-term success. The market has reacted to these announcements by moving the company's shares -0.4% to a price of $81.87. If you want to know more, read the company's complete 8-K report here.

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