UNION CITY, Calif., Oct. 5 /PRNewswire/ -- Kinetics today announced that Harry J. Soose, Jr., 53, has joined Kinetics as Chief Financial Officer.
Most recently, Soose served at International Technology Corporation (“IT”), an environmental and infrastructure engineering and construction company that grew to over $1.4 billion in revenues at its peak. He joined IT in 1991 as Group Controller of its largest operating unit and in 1995, became Vice President of Finance with responsibility for external reporting at the parent company level. In 1999, Soose was appointed IT’s Chief Financial Officer to help the company overcome very challenging circumstances resulting from high levels of debt and lower than expected activity in its end markets.
Prior to his tenure at IT, Soose served as CFO and Controller for a real estate development subsidiary of NVR Ryan Homes, as well as in a number of positions during fourteen years with Dravo Corporation, a large engineering and construction company. He holds bachelor and MBA degrees from Duquesne University, is a Certified Public Accountant, and a Certified Management Accountant.
Soose commented, “Kinetics has a superb international reputation for delivering highly specialized clean process systems critical to the semiconductor and biopharmaceutical industries. This reputation has been built and maintained by a strong group of talented and committed people around the world. I am honored to join this team as the Company builds on its high-purity process and mechanical excellence.”
Gordie Beittenmiller, Kinetics’ Chief Executive Officer, said, “With an effective mix of large specialty project experience, internal controls leadership and capital structure discipline, Harry is very well suited to our current profile and opportunities. His long and varied service in the engineering and construction sector brings significant added depth to our team. Harry is a great addition to Kinetics.”
Tony Ressler of Ares Management, Kinetics’ controlling shareholder, remarked, “We are very optimistic about Kinetics’ opportunities to expand its market-leading position in clean process systems for the dynamic and growing semiconductor and biopharmaceutical sectors. We believe Harry complements a strong management team that can capitalize on the Company’s prospects for significant growth.”
About Kinetics:
Kinetics is a global provider of process and mechanical solutions to the electronics and biopharmaceutical industries. Kinetics combines support equipment assembly, design, global installation capability and on-going service and support for complete process system installations around the world. The company has over 25 offices and over 3,000 employees, located strategically in high-technology areas where semiconductor fabs and biopharmaceutical manufacturing facilities are built. Kinetics is based in Union City, California. For more information, visit http://www.kineticsgroup.com .
Kinetic Systems, Inc.
CONTACT: Michael Lynch, Senior Vice President, Sales and Marketing ofKinetic Systems, Inc., +1-510-675-6000, or mlynch@kineticsgroup.com
Web site: http://www.kineticsgroup.com/
