Thermon Group Holdings, Inc. Announces Management Changes
December 08, 2020 at 05:05 pm IST
Share
On December 3, 2020, Thermon Group Holdings, Inc. promoted Kevin Fox, currently Vice President, Corporate Development, to Senior Vice President, effective February 12, 2021. Mr. Fox the Company in March 2019 as Vice President, Corporate Development. In connection with this transition, Jay Peterson, Senior Vice President will cease to serve in such role and will terminate employment with the Company, effective February 12, 2021. Mr. Peterson’s separation is not the result of any dispute or disagreement with respect to the Company’s accounting principles, practices or financial statement disclosures. Subject to the execution of a Transition and Consulting Agreement and General Release (the “ Transition & Consulting Agreement ”), Mr. Peterson will receive the severance pay and benefits for a termination without cause pursuant to the terms of the Company’s executive severance plan.
Thermon Group Holdings, Inc. provides industrial process heating solutions. The Company specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. Its advanced industrial heating and filtration solutions include various categories, such as environmental heating (branded as Ruffneck, Norsemen, and Catadyne), process heating (branded as Caloritech), filtration (branded as 3L Filters), rail and transit (branded as Hellfire, Velocity, ArcticSense and others), and boilers (branded as Vapor Power, Precision Boilers, and Caloritech). It offers a full suite of products, which include heating units, electrode and gas-fired boilers, heating cables, industrial heating blankets and related products, temporary power solutions and tubing bundles; services, which include engineering, installation and maintenance services, and software, which includes design optimization and wireless and network control systems.