CST: 25/07/2016 05:00:51   

UPDATE - Therma-Flite Board Appoints Joshua Scott to President and Chief Executive Officer Role

182 Days ago

Mike Potter Resigns as CEO to Take On Leadership Role at Bender US

DALLAS, TX --(Marketwired - January 25, 2016) - Therma-Flite, one of the leading providers of resource recovery technology, today announced that Joshua Scott has been named to the position of president and CEO. Promoted from serving as COO for the company, Scott will take a seat on the board of directors, lead the executive management team and focus on developing a go-forward strategic plan for the company's services and solutions offering.

"The Board has complete confidence that Josh is the right person to be Therma-Flite's next CEO," said John Coburn, executive Chairman of the board, and managing partner at XPV Capital. "Josh's service to Therma-Flite has demonstrated his strong, results-oriented leadership style, understanding of our customer industries, ability to drive both strategic planning and continuous operational improvement and sound judgment in everything he does. Our recent additional round of funding underscores XPV's commitment to this resource recovery business, Therma-Flite's differentiated technology and look to capitalize on the growing demand we are seeing as customers seek to extract value from their waste streams across municipal, oil and gas, mining and other selected industrial applications."

"We also want to thank Mike Potter for his six years as President and CEO," continued Coburn. "His vision, innovative thinking and leadership led to 600% growth over the past ten years, the launch of the innovative modular SludgeBox biosolids drying system and development of a strong leadership team and succession candidate in Josh Scott." Potter recently submitted his resignation to the Board and recommended Scott as his successor. He remains a significant shareholder in the company as he departs to take on a leadership role in other family-owned manufacturing and services businesses.

As COO, Scott led all of the company's operations, including end-to-end management of Therma-Flite's project management and customer order management through to on-time delivery. His 2015 process improvements position Therma-Flite's operations to scale up during periods of high growth. He also headed up functional areas such as customer project management, finance, human resources, IT and marketing.

Joshua Scott joined the company in late 2014 from GE Oil and Gas (formerly Dresser, Inc.), where he grew the $300 million global Consolidated valve business by more than 40 percent. Prior to GE, Scott served as director for Kennametal Corporation where he drove significant operational efficiencies and cost out of the business. Prior to that, he held management roles with progressive responsibility at Flowserve Corporation. Earlier in his career, he served in the US Air Force focused on advanced aerospace weapon systems.

Scott holds an MBA from the University of Baltimore, Merrick School of Business and a B.S. Industrial Engineering Technology from Southern Illinois University College of Engineering.

About Therma-Flite:
Therma-Flite is a leading resource recovery technology provider that builds innovative thermal processing systems to extract resources that would otherwise go to a landfill or to waste. With operations in several locations throughout the US, the company helps customers in NA as well as Europe and Asia, maximize the value of their waste streams in an environmentally responsible manner. For more information, visit www.therma-flite.com

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Marilyn Franklin
214-957-8816

mfranklin@therma-flite.com