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Diversified industrial company NN Inc. (NASDAQ: NNBR), Johnson City, TN, will relocate its global headquarters to Charlotte, NC.
"Relocating our headquarters to Charlotte, a national transportation hub with global accessibility, aligns closely with our strategy of building a diversified industrial business by being closer to our customers and ensuring greater collaboration between our business units," said Richard Holder, president and CEO. "As a company focused on technology and innovation, NN will benefit from Charlotte's enhanced infrastructure, as well as its growing talent pool and robust business climate."
NN expects the transition to Charlotte to take place early in 2018. Approximately 200 employees will be based at NN's new corporate headquarters while the company will continue to have a presence in Johnson City.