Atlas Engineered Products (CVE:AEP) (OTCMKTS:APEUF) announced Tuesday the return of Hadi Abassi as its CEO and president.
Abassi, the founder of AEP, previously acted as the company's CEO from November 8, 2017 to November 5, 2018 when he transitioned to the role of executive vice president.
His appointment follows the resignation of former CEO and President Dirk Maritz, who also stepped down from AEP's board of directors.
“AEP thanks Mr. Maritz for his contributions to the Company, and wishes him well in his future endeavours,” AEP said in a statement.
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Abassi established Atlas Engineered Products Ltd in 1999 to manufacture roof trusses at its Nanaimo manufacturing facility to service customers on Vancouver Island and established Coastal Windows in 2003 as a dealer and then subsequently a manufacturer of customer doors and windows.
Abassi holds a mechanical engineering degree from Swindon Technical College. As a community leader, he has been nominated citizen of the year on three occasions, was nominated by the Government of Canada to carry the Olympic torch and established the Vancouver Island Raiders football club in 2005. Since 2005, Vancouver Island Raiders have become a force within Canadian junior football.
"The AEP Board of Directors is pleased to welcome back Hadi Abassi to the roles of CEO and President. Hadi is a proven sales and operational leader and has deep industry experience," said Board Chairman Don Hubbard in a statement. "With a strong and established operational platform, the Company is well-positioned for rapid and sustainable growth within a fragmented industry."
AEP said it has grown significantly in the past several years through the acquisition of established operations across Canada and now has seven facilities in three provinces.
The company has expanded its product offerings and continues to grow its innovative line of products and services in all regions. AEP is now well poised to expand its geographical footprint through additional acquisitions and to continue to grow its revenues from all locations.
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