Search form

    HPS Appoints Richard Vollering as CFO and Corporate Secretary

  • Jun 14, 2021

    HAMMOND POWER SOLUTIONS (HPS) announces the appointment of Richard Vollering as Chief Financial Officer and Corporate Secretary of HPS as of June 14, 2021. Richard will be replacing Chris Huether, who is retiring after a 35-year career at HPS. Chris will remain with the company until the end of 2021 to ensure a smooth and orderly transition.

    “Richard brings a wealth of experience in international custom and standard product manufacturing within the commercial industry,” said Bill Hammond, Chairman and CEO of Hammond Power Solutions. “Richard’s experience in private and public markets will be an asset as HPS looks to expand its North American product offering and grow in jurisdictions where our products are made and sold.”

    Most recently, Richard was with Teknion Corporation, a Canadian-based manufacturer with more than 3,000 employees, where he held the position of Chief Financial Officer since 2019. Prior to his appointment as CFO in 2019, he held several progressively senior leadership roles within the organization. Richard has a proven track record as a financial leader, responsible for delivering profitable growth since 2001. He previously held financial roles with Bombardier, Equifax and State Street Capital. Richard holds an MBA from York University, a Bachelors in Business Administration from Wilfred Laurier as well as CPA, CMA designation.

    “On behalf of our Board of Directors and all of us at Hammond Power Solutions, I want to thank Chris for his exceptional contributions throughout his 35 years with HPS. He is an experienced and highly principled leader, mentor, colleague and friend and has created tremendous value for our company and our shareholders,” said Bill Hammond. “Chris’ guidance has been especially critical as he has had a significant impact on our strategic direction, growth and financial success. Chris leaves behind a tremendous legacy and I want to personally wish him all the best as he prepares for the next chapter of his life.”

    www.hammondpowersolutions.com

  • Industry News

    General Fusion is working with Canadian Nuclear Laboratories in a vital project to advance fusion energy technology. Through this collaboration, General Fusion and Canadian Nuclear Laboratories will develop tritium extraction techniques for use in commercial fusion power plants.

    Hydro One announced the completion of critical upgrades to its Hawthorne Transmission Station (TS), first commissioned more than 60 years ago. By replacing aging infrastructure and energizing five new transformers at the station, these upgrades will help drive economic growth by increasing the amount of available power and improving reliability to the region.

  • Keeping Current

    OUELLET GROUP INC. announces the acquisition of Innovair Corporation, a major supplier of air conditioning and heat pump equipment in Latin America and the United States.

    "This new acquisition allows us to grow further and develop new markets," said Martin Beaulieu, President "It also helps us to consolidate our position as a major player in the North American market while continuing to offer high-quality service and innovative products."

    Owned by the Beaulieu family, with its head office in L’Islet, Quebec, Ouellet Group owns Ouellet Canada in L’Islet, Dettson Industries in Sherbrooke, Hazloc Heaters in Calgary, Nanjing Ouellet – a manufacturing plant located in China – and Britech in Toronto.

    SERVICE WIRE announces that Kerith Richards has been selected as one of tED Magazine’s prestigious “30 Under 35” winners. Kerith represents some of the best and brightest in the electrical industry today.

    A natural born leader, Kerith is an early trailblazer for young women in the electrical industry. She is successfully making a name for herself in this competitive space. She has a very unique dual role at Service Wire as a full-time sales rep in the U.S. Northeast and the regional sales manager for all ten Canadian provinces.

    Kerith has mastered the intricacies of working with international customers—understanding different product nomenclature, codes, and listings to ensure the right product is delivered on time.

    IDEAL INDUSTRIES (CANADA) CORP. National Sales Manager, Sean Bernard announces a new partnership with Resilient Sales Corporation.

    Effective August 1st, 2021, Resilient Sales Corporation, led by its Principal Sean Atkinson, will serve as IDEAL's agency partner for the Northern Ontario region – servicing distributor partners within the region bordered by Bracebridge to the south, Algonquin Park/Quebec border to the east, Timmins to the North and Lake Huron/Lake Superior to the west.

    E.B. HORSMAN & SON announce that its Terrace branch moved down the street to a new building located on 2915 Molitor Street, Terrace on July 12th, 2021.

    The newly constructed 20,000 square foot building was custom-built to replace the 7,200 square foot location on 5000 Pohle Avenue. The building will also offer three commercial spaces for lease to local businesses.

  • Product Showcase

    Hammond Power Solutions (HPS) has a new addition to their line of power quality products – HPS Centurion P Passive Harmonic Filter.

    It is specifically engineered to mitigate harmonic currents created by non-linear loads. The initial product release has ratings from 5 to 500 horsepower. It improves power quality by simultaneously reducing harmonics and improving true power factor, resulting in an efficient and reliable solution.

    Get an easy, flush receptacle installation in new concrete with Arlington's FLB6230MBLR Cover Kit. It fits most manufacturers' 4-1/2" concrete boxes, including Arlington's FLBC4500 and FLBC4502 boxes. This LISTED kit includes a 6" brass cover with flip lids, gaskets, receptacle AND a leveling ring. Also available nickel-plated.

    Click HERE for more information.

    www.aifittings.com

  • Product Safety Alert