People: Nortek Inc (NTK.OQ)

NTK.OQ on NASDAQ Stock Exchange Global Select Market

68.81USD
1 Aug 2013
Price Change (% chg)

$1.30 (+1.93%)
Prev Close
$67.51
Open
$68.20
Day's High
$68.81
Day's Low
$67.49
Volume
3,833
Avg. Vol
10,815
52-wk High
$74.55
52-wk Low
$49.01

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Summary

Name Age Since Current Position

J. David Smith

64 2012 Independent Chairman of the Board

Michael Clarke

58 2011 President, Chief Executive Officer, Director

Almon Hall

66 2011 Chief Financial Officer, Senior Vice President

Kevin Donnelly

58 2011 Senior Vice President, General Counsel, Secretary

Jeffrey Bloomberg

65 2012 Independent Director

Joseph Cianciolo

73 2003 Independent Director

John Coleman

66 2010 Independent Director

James Hirshorn

46 2009 Independent Director

Thomas Keenan

47 2009 Independent Director

Daniel Lukas

2010 Independent Director

Bennett Rosenthal

49 2009 Independent Director

Biographies

Name Description

J. David Smith

Mr. J. David Smith is Independent Chairman of the Board of Nortek Inc., since March 9, 2012. He has been a member of the Board since February 18, 2010. He served as Interim Chief Executive Officer of the Company from July 1, 2011 until December 30, 2011. Mr. Smith served as President of Alumax Fabricated Products, Inc. and as an officer of Alumax, Inc. from 1989-1996. Mr. Smith held the positions of Chief Executive Officer and President of Euramax International, Inc. from 1996 and also served as its Chairman, Chief Executive and President from 2002 until his retirement in 2008. Mr. Smith also serves as a director of Commercial Metals Company, Houghton International, Inc. and Siamons International, Inc.

Michael Clarke

Mr. Michael J. Clarke is President, Chief Executive Officer, Director of Nortek Inc., since December 30, 2011. Mr. Clarke has more than 25 years of senior executive, business development and hands-on operational experience managing global companies in a myriad of industries including electronics, telecommunications, industrial, aerospace and automotive. From January 2006 until his appointment as the Company's Chief Executive Officer, Mr. Clarke served as President, FlexInfrastructure and Group President of Integrated Network Solutions of Flextronics International, Ltd, a publicly traded provider of design and electronics manufacturing services to original equipment manufacturers. Prior to Mr. Clarke's position at Flextronics International, he served as a President and General Manager of Sanmina-SCI Corporation, an electronic manufacturing services provider, from October 1999 to December 2005. Previously, Mr. Clarke held senior positions with international companies including Devtek Corporation Ltd., an aerospace, defense, telecommunications and aftermarket automotive company, Hawker Siddeley Group Ltd., an aerospace, defense and industrial company, and Cementation (Pty) Ltd. (Africa), a mining and industrial equipment company. Mr. Clarke serves on the board of Vubiz Ltd.

Almon Hall

Kevin Donnelly

Jeffrey Bloomberg

Mr. Jeffrey C. Bloomberg is Independent Director of Nortek Inc., since February 1, 2011. Mr. Bloomberg served as Lead Director from February 1, 2011 through March 29, 2012, when the Board eliminated the position of Lead Director. Mr. Bloomberg was previously a member of the Board from January 9, 2003 to August 27, 2004. Mr. Bloomberg has served since 2001 in the Office of the Chairman of Gordon Brothers Group LLC, a company which assists retail, consumer goods and industrial companies in asset redeployment and provides capital solutions to middle market companies. From 1994 to 2001, Mr. Bloomberg served as the President of Bloomberg Associates, an investment banking company. Mr. Bloomberg served as a director of RHI Entertainment, Inc. from 2009-2011 and served as a director of Tweeter Home Entertainment Group from 1986-2007.

Joseph Cianciolo

Mr. Joseph M. Cianciolo is Independent Director of Nortek Inc., since 2003. Mr. Cianciolo retired in June 1999 as the managing partner of the Providence, Rhode Island office of KPMG LLP. At the time of his retirement, Mr. Cianciolo had been a partner of KPMG LLP since 1970. Mr. Cianciolo currently serves as a director of Eagle Bulk Shipping, Inc. and as Vice Chairman of Rhode Island Airport Corporation, and previously served as a director of United Natural Foods, Inc.

John Coleman

Mr. John T. Coleman serves as an Independent Director of Nortek Inc., since July 1, 2010. Mr. Coleman has been a member of the Board since July 1, 2010. Mr. Coleman served as President, Chief Operating Officer and a Director of Bose Corporation, a manufacturer of high end audio products, from July 2001 to July 2005. Prior to that, he was Executive Vice President and Vice President of Human Resources at Bose, and before that, he was General Manager of Bose's European manufacturing operations. Prior to joining Bose, Mr. Coleman was Director of Human Resources for General Electric in Ireland. Mr. Coleman was Head of the College of Business and Law at University College Cork in Ireland from May 2006 until June 2007. He is currently serving as a director of Rosetta Stone Inc.

James Hirshorn

Mr. James B. Hirshorn is Independent Director of Nortek Inc., since December 17, 2009. Effective April 1, 2013 Mr. Hirshorn became Partner, Head of Portfolio Management in the Private Equity Group of Ares. Mr. Hirshorn previously served as an Operating Advisor to Ares since 2009, and until his employment with Ares acted as a consultant to the Company since July 1, 2011. Mr. Hirshorn has over 18 years of leadership experience in the manufacturing, retail, private equity and consulting businesses. From 2007-2008, Mr. Hirshorn was the President of Potbelly Sandwich Works and prior to that he served as the Senior Executive VP of Finance, Operations and R&D for Sealy Mattress Corporation from 2002-2006. Prior to joining Sealy, Mr. Hirshorn was a Vice President at Bain Capital from 1999-2002 in their portfolio group, providing operating leadership to a number of Bain Capital's retail and consumer products businesses. Prior to joining Bain Capital, Mr. Hirshorn was a manager at Bain & Company from 1993-1998. Mr. Hirshorn also spent three years with Procter & Gamble in their product development organization from 1988-1991. Mr. Hirshorn serves on the board of directors of Sotera Defense Solutions, Inc., and previously served as a director of Sealy Corporation from 2004 to 2006.

Thomas Keenan

Mr. Thomas A. Keenan is Independent Director of Nortek Inc., since December 17, 2009. Mr. Keenan is the owner and founder of Keenan LLC, a real estate investment and development company focused on high end custom homes and the acquisition of multi-unit apartment buildings and commercial complexes. Prior to founding Keenan LLC, Mr. Keenan served as an investment principal for First Media LLC, the private investment arm of the Richard Marriott family, from 1997-2006, formulating investment strategies for private and public equity investments and prior to that, he was a consultant at McKinsey & Company from 1995 to 1997, focused on media and software clients. Mr. Keenan is currently serving as a director of Stanley Martin Companies.

Daniel Lukas

Mr. Daniel C. Lukas is Independent Director of Nortek Inc., since July 1, 2010. Mr. Lukas is a Partner in the Private Equity Group of Ares. Prior to joining Ares in 2008, Mr. Lukas served as a Managing Director of GSC Group from 2006 through 2008, and Vice President of GSC Group from 2003 through 2005. Prior to that, he served as Vice President in the private equity and distressed debt funds at Thomas Weisel Capital Partners from 2000 to 2002, and before that, he was with Consolidated Press Holdings Limited, the private investment vehicle of Kerry Packer in Sydney, Australia. Earlier, Mr. Lukas was at Hellman & Friedman after beginning his career at Goldman, Sachs & Co. Mr. Lukas served as a director of RAM Holdings Ltd. from 2004 until his resignation in 2007, and as a director of Cherokee International Corporation from 2006 until his resignation in 2008. Mr. Lukas serves on the board of directors of City Ventures, LLC, Jacuzzi Brands Corporation and Sotera Defense Solutions, Inc.

Bennett Rosenthal

Mr. Bennett Rosenthal is Independent Director of Nortek Inc., since December 17, 2009. Mr. Rosenthal is a founding member and Senior Partner of Ares where he serves on the Executive Committee and co-heads the Private Equity Group. Mr. Rosenthal joined Ares in 1998 from Merrill Lynch & Co. where he served as a Managing Director in the Global Leveraged Finance Group. Mr. Rosenthal was also a senior member of Merrill Lynch's Leveraged Transaction Commitment Committee. Mr. Rosenthal is the Chairman of Ares Capital Corporation and also currently serves on the Boards of Directors of AmeriQual Group, LLC, Aspen Dental Management, Inc., CHG Healthcare Holdings L.P., City Ventures LLC, Jacuzzi Brands Corporation and Dawn Holdings, LLC (the parent company of Serta International Holdco LLC and Simmons Bedding Company). Mr. Rosenthal also serves on the Board of Trustees of Windward School in Los Angeles, California. Mr. Rosenthal previously served on the Boards of Directors of Maidenform Brands, Inc. and Hanger Orthopedic Group, Inc.

Basic Compensation

Name Fiscal Year Total

J. David Smith

1,101,520

Michael Clarke

5,832,040

Almon Hall

3,000,420

Kevin Donnelly

2,850,640

Jeffrey Bloomberg

--

Joseph Cianciolo

--

John Coleman

--

James Hirshorn

--

Thomas Keenan

--

Daniel Lukas

--

Bennett Rosenthal

--
As Of 30 Dec 2012

Options Compensation

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