ROHSTOFF INTERNATIONAL

14:30 | 08.02.2018
DiversiTech Names Andy Bergdoll as Chief Executive Officer

DiversiTech Corp., a leading aftermarket manufacturer and supplier of
highly-engineered components for residential and light commercial
heating, ventilating, air conditioning and refrigeration (“HVACR”),
today announced that its Board of Directors has appointed Andy Bergdoll
as Chief Executive Officer, effective March 1, 2018.

Mr. Bergdoll most recently served as Group Vice President of US
Operations of WESCO International, a leading provider of electrical,
communications, maintenance, repair and operating (MRO) products,
construction materials, and advanced supply chain management and
logistics services to the industrial, commercial and utility markets.

John Coyle, a member of DiversiTech’s Board of Directors and a Permira
Partner, commented, “When we began our search for DiversiTech’s next
CEO, we focused on finding a highly experienced and effective leader
with the skills, vision and growth mindset to drive the Company to
deliver an even higher level of product offerings, service quality and
innovation for our customers. We have found that and more with Andy, who
brings a wealth of both domestic and international experience, and we
are incredibly excited to have him leading the DiversiTech team.”

Mr. Bergdoll commented, “It’s an honor to be joining DiversiTech as CEO.
The company has an impressive history of delivering innovative products
and solutions and outstanding service to its customers, and I am eager
to work alongside the team to build on its market-leading position in
the HVACR industry. I am excited to bring my experience building
customer-centric innovation and service-oriented businesses to
DiversiTech and to lead the next stage of the company’s growth.”

Mr. Coyle continued, “I want to thank Jon Evans, Chief Operations
Officer, Nicole Kroner, Chief Financial Officer, and Bud Sjogren, Chief
Sales and Marketing Officer, for their steady and strong guidance of the
Company over the past few months. Under their leadership, the Company
continued to execute brilliantly, completing 2017 with impressive
revenue growth of 13%. With the addition of Andy – following our two
most recent hires, Dan McInerney as Vice President, Logistics and Ted
Zerafa as Vice President, Global Sourcing – our Board is confident that
DiversiTech’s team is stronger than ever and well-equipped to seize the
tremendous opportunities ahead.”

In his previous role leading the US business at WESCO International, Mr.
Bergdoll was responsible for a portfolio of businesses with
approximately 5,000 sales, service, technical and administrative
associates across 300 locations. Prior to WESCO, he served as President
and CEO of Liberty Wire & Cable (which was acquired by WESCO in 2007)
where he drove significant top- and bottom-line growth, while scaling
operations. He has also held various leadership positions at Veolia
Environment, US Filter, Booz Allen Hamilton, and General Electric. Mr.
Bergdoll holds a B.S. in Mechanical Engineering from Lehigh University
and an MBA in Industrial Administration from Carnegie Mellon University.

The Company also announced today that Wayne Hewett will be joining Bill
Tolley, former Senior Vice President of Growth & Innovation at Hubbell
Inc., as a Non-Executive Director, and will also serve as Non-Executive
Chairman of the Board. Mr. Hewett most recently served as CEO of
Klöckner Pentaplast Group and is currently a member of the Board of
Directors of The Home Depot. He served as President and Chief Executive
Officer and as a member of the Board of Directors of Arysta LifeScience
Corporation from 2010 to 2015, and spent more than 20 years with GE
where he held numerous leadership positions both in the U.S. and
internationally, including CEO of GE Advanced Materials and Vice
President of GE’s Supply Chain and Operations.
About DiversiTechFounded in 1971, DiversiTech® Corporation
is North America’s largest manufacturer of equipment pads and a leading
manufacturer and supplier of components and related products for the
heating, ventilating, air conditioning, and refrigeration (HVACR)
industry. Headquartered in the Atlanta, Ga., metropolitan area,
DiversiTech’s mission for its wholesaler partners is to simplify the way
they work. The Company is focused on growth through internal product
development, external partnerships and acquisitions. Manufacturing a
suite of products, which includes a wide range of mechanical,
electrical, chemical and structural parts for HVAC/R systems,
DiversiTech brings unparalleled scaling capabilities and supplier
expertise. The Company holds numerous patents and operates an advanced
R&D materials division dedicated to bringing more value to its
customers. The Company maintains over 1 million square feet of
manufacturing and distribution space in key U.S., Canadian and European
locations. DiversiTech has enjoyed a continued history of successful
growth and has acquired industry recognized brand names including
Wagner® Manufacturing, Specialty Chemical, EcoPad®, The Black Pad® and
Super Seal™. More information is available at www.diversitech.com.
About PermiraPermira is a global investment Firm that finds
and backs successful businesses with growth ambition. Founded in 1985,
the Firm advises funds with a total committed capital of approximately
€32 billion (US$35 billion). The Permira Funds make long-term
investments in companies with the ambition of transforming their
performance and driving sustainable growth. In the past 32 years, the
Permira funds have made over 200 private equity investments in five key
sectors: Consumer, Financial Services, Healthcare, Industrials and
Technology. Permira employs over 200 people in 14 offices across North
America, Europe and Asia. For further information: www.permira.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20180208005330/en/


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