– USA, MN – Nortech Systems Incorporated (Nasdaq: NSYS) today announced the addition of Stacy Kruse to its board of directors as an independent director and Chair of the Audit Committee.
“Stacy joins a strong board and I am confident she will be a valuable partner with management.” Jay Miller, Nortech System’s president and CEO, added, “We are delighted to welcome Ms. Kruse to our board of directors. She comes to Nortech not only with a strong financial background but with impressive strategic skills and experience that will help Nortech face future challenges that come with our growth objectives.” said Board Chairman, David Kunin.
Kitty Iverson has already notified the Board that she would not stand for reelection for personal reasons.
“Kitty has been a critical member of the Nortech board for six years,” commented David Kunin, “She has not only been the chair of the Audit committee but also a steady and very knowledgeable voice in the boardroom.” Jay D. Miller, added, “She has overseen a great number of significant positive changes during her tenure on Nortech’s board, but notably will be leaving Nortech with a much stronger balance sheet that positions the company well for future growth.”
About Stacy Kruse
Stacy Kruse will contribute strategic capabilities in finance and operations to support Nortech’s growth initiatives and profitability objectives. Ms. Kruse currently serves as COO and CFO of Portico Benefit Services. She has led innovation-oriented and transformational growth strategies while staying true to Portico’s mission. Ms. Kruse leverages a strong financial and marketing background, previously serving as CFO & Treasurer at Wilsons Leather, Director of Finance at US Bank, and Director of Operations at Carlson Marketing Group. Ms. Kruse served on the Washburn Center for Children’s Board of Directors. In 2018, she was recognized as a Twin Cities CFO of the Year by the Minneapolis St. Paul Business Journal.
About Nortech Systems Incorporated
Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS.
Nortech uses intelligence, innovation, speed, and global expertise to provide high-quality, high-performance engineering and manufacturing solutions to resolve our customers’ most important challenges to be leaders in secure, reliable digital connectivity & data management. Nortech strives to be a premier workplace that fosters valued relationships internally and in our communities.
For more information: http://www.nortechsys.com/
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