New Co-Owner and Partner, Luke Faulstick, Will Join Power Partners as President and CEO

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Luke Faulstick is becoming President and CEO of Power Partners, recent winner of SJF Institute's Green Jobs Award and an Excellence in Sustainability award from the National Institute of Standards' Manufacturing Extension Partnership for its breakthrough, environmentally responsible products. Steve Hollis will become Chairman and EVP of Business Development.

Power Partners, Inc. (http://www.powerpartners-usa.com) announced today that Luke Faulstick will be the new co-owner, President and Chief Executive Officer of the company, effective February 6, 2012. Faulstick will be partnering with Steve Hollis, who has served as President and CEO of Power Partners since 2003 and will become Chairman of the company and Executive Vice President for Development.

Hollis and the late Dr. Sherrie Ford, who died in April of this year, purchased a manufacturing plant from ABB in 2003 that is now known as Power Partners. Hollis and Ford first met Faulstick when he developed a reputation for catalyzing team-building and quality management successes as plant manager for a Mitsubishi Consumer Electronics two-plant site in Braselton, GA, in the mid-1990s, and he has served as an advisor to Hollis and Ford since 2003.

Faulstick comes to Power Partners from DJO Global, a leading global provider of high-quality orthopedic devices used for rehabilitation, pain management and physical therapy, where he has been Executive Vice President and Chief Operating Officer since 2008. He joined DJO in 2001, and before that, he worked at Tyco Healthcare, Mitsubishi Consumer Electronics and the Eastman Kodak Company. While at DJO Global, Luke helped grow the company ten-fold and built DJO into a six location, global enterprise. Faulstick’s global operations teams and manufacturing plants have won numerous awards, including the Shingo Prize for operational excellence in 2005, 2008, and 2011; Industry Week’s Best Plants in 2005 and 2007; and the Association of Manufacturing Excellence Operational Excellence Award in 2010 and 2011. The Best Places to Work Institute selected DJO’s 2000-employee plant in Mexico as the best place to work in all of Mexico in 2010 and second on its Best Places to Work list in 2011.

Faulstick received a B.S. in engineering from Michigan State University and an M.S. in engineering from Rochester Institute of Technology. He served as Chairman of the Board of Directors for the Association of Manufacturing Excellence from 2009 to 2011 and is a Certified Board of Director through the UCLA Anderson School of Business.

“We are delighted that Luke is joining the Power Partners team,” Steve Hollis said. “His talent, drive and ability to make believers of employee teams have turned a number of organizations into world class lean enterprises. Power Partners has long benefited from his advice, and with him now becoming a co-owner and partner, his impact will be even greater.”

With Faulstick on board, much of Hollis’ focus will be on the growth of Power Partners’ existing business lines, the customer relationships that drive these lines, and the development of new markets, work culture and people.

About Power Partners
Power Partners is a leading manufacturer of overhead distribution transformers, serving utility, industrial and commercial customers in North America, Central America, Mexico, the Caribbean and other markets. More than 8 million transformers have been produced at the company’s manufacturing facility in Athens, GA, over its 50-year history. Power Partners offers the shortest manufacturing cycles in the industry and has a stellar track record of responding to storms with great speed. More recently, Power Partners has been producing ECO-MAX adsorption chillers and solar water heating systems. Power Partners is a partner in the EPA's Combined Heat and Power Partnership (CHP) and in the Green Supplier Network. The company is ISO 14001: 2004 certified.

Recently, SJF Institute and Citi Foundation named Power Partners one of the seven 2011 winners of the Green Jobs Award for its contributions to the economy and the environment. The company also received the Excellence in Sustainability award at the 2011 Manufacturing Innovations Conference, a national event sponsored by the National Institute of Standards' Manufacturing Extension Partnership (MEP). Power Partners was honored for its breakthrough, environmentally responsible products, including ECO-MAX adsorption chillers and solar thermal products, and for the energy saving measures it utilizes in its manufacturing facility.

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