Powell Industries, Inc. Announces Management Changes
October 31, 2018 at 08:15 pm
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Powell Industries, Inc. announced that Michael W. Metcalf has been named Executive Vice President of Powell Industries, Inc. effective November 5, 2018 and will be named Chief Financial Officer following the announcement of the company's financial results for the quarter and year ended September 30, 2018. Don R. Madison will remain as the company's chief financial officer until that time. Since 1998 until joining Powell, Mr. Metcalf held financial management positions with General Electric Company.
Most recently, Mr. Metcalf served as CFO Aeroderivative Products, GE Power effective August 6, 2018. Prior to this role, he served as the Chief Financial Officer of Artificial Lift Systems, Baker Hughes, from August 7, 2017 to August 3, 2018 and CFO of GE Oil & Gas Production Solutions from November 2, 2015 to August 4, 2017.
Powell Industries, Inc. develops, designs, manufactures and services custom-engineered equipment and systems. The Company distributes, controls and monitors the flow of electrical energy and provides protection to motors, transformers and other electrically powered equipment. Its principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches and bus duct systems. Its products are designed for application voltages ranging from approximately 480 volts to 38,000 volts and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemical, liquefied natural gas (LNG) terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper and other industrial markets.