API Technologies Corp., a leading provider of high-performance RF and microwave signal conditioning and electromagnetic spectrum management solutions, announced that CEO Bob Tavares is leaving the Company. During Bob's tenure, he helped API fulfill its mission of being a leading global partner of choice for innovative solutions in our markets. Bob also led APITech through many significant milestones from the introduction of a continuous improvement culture to the establishment of one business system shared across the Company and will remain an advisor to the Company.
"I want to thank Bob for all he has done for APITech and for his leadership during the transition from prior ownership to AEA," said APITech Board member and Partner at AEA Investors, Vinay Kumar. "We wish him well in his next chapter."
The Board of Directors are pleased to announce Terrence Hahn as APITech's Chief Executive Officer, effective immediately. Hahn is a proven global executive with a demonstrated track record of profitable growth, technology innovation and talent development. He has served on AEA's Senior Advisory Council for two years and is well known to AEA.
Hahn was with Air Products & Chemicals for 19 years in a number of senior leadership roles in Taiwan, Malaysia, Canada and the US. He subsequently joined Honeywell where he served as President and CEO of Home and Building Technologies, President and CEO of Transportation Systems, and Vice President and General Manager of Performance Materials and Technologies/Fluorine Products. Terrence was most recently CEO of Axalta Coating Systems.
Hahn earned Bachelor of Science and Master of Engineering degrees in Materials Science and Engineering from Lehigh University and an MBA from the Wharton School of the University of Pennsylvania.
"This is a great time to be joining APITech and I am honored to lead the company into its next stage of success," said Hahn. "I am very excited to be joining a business with a strong reputation in its end markets and look forward to working with the APITech team."
AEA Operating Partner and APITech Board Chairman, Andreas Kramvis said: "We are thrilled to bring Terrence's strong customer driven leadership to the APITech team and look forward to exploring further opportunities in the sector to drive innovation and growth in the years to come," Kramvis added. "Combining Terrence's skills as a global executive with the strength of our APITech team will ensure the continued success and growth of the business."