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Bearings manufacturer NN Inc. (NASDAQ: NNBR), Johnson City, Tennessee, has named Chris Qualters as executive vice president of Life Sciences, effective immediately. Qualters was previously Executive Vice President of the Company's Power Solutions group. Qualters succeeds Robbie Atkinson who, by mutual agreement with the Company, is leaving NN to pursue new endeavors.
Warren Veltman, Interim president and CEO, commented, "We continue to focus on improving our financial performance, realizing efficiencies in our businesses and creating the appropriate cost structure to drive long-term value for NN's shareholders. Accordingly, we are closely evaluating all aspects of our company, including our talent and functional organization, to ensure we have the best teams in place to execute on our strategic priorities and invest in those areas, such as Life Sciences, where we see the greatest return potential."