AETI names former GE Veteran Marcelo Monteiro to d

BELO HORIZONTE, Brazil, Feb. 13, 2017 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (NASDAQ: AETI ), a leading provider of power delivery solutions for the global energy industry announced today that as part of its strategy to diversify its global oil & gas related businesses that Marcelo Monteiro de Carvalho has joined the company as Director, Industry and Energy for its M&I Electric Brazil operation.

M&I Electric Brazil has rapidly grown its oil & gas-related electrical services business in the Brazilian market since its establishment in late 2014.  In this newly created role, Mr. Monteiro will be responsible for driving the company’s market share in the power generation, steel and other industrial markets in Brazil and Latin America. Monteiro will report directly to M&I Electric Brazil Vice President and General Manager Jose Octavio and will be located in the M&I Electric Brazil’s office in Belo Horizonte.  

Mr. Monteiro brings over 28 years of experience in Sales, Operation and P&L Management in the Energy, Marine, Oil & Gas and Industrial markets in Latin America. Monteiro was most recently Director at Cinco Engenharia Ltda., a consulting firm where he focused on Brazil and Latin American market entry strategies for the electrical services industry.  Prior to that, he was Sales and Service Director , GE Power Conversion Brazil , where he led GE’s efforts to grow their service business in Latin America.  Over his career, Monteiro has held service leadership roles at Converteam, ALSTOM Power Conversion , CEGELEC and ORTENG Equipamentos e Sistemas Ltda .

“We are excited to bring Marcelo on board with his strong service leadership experience and background in the power generation and industrial markets in Brazil,” said Jose Octavio, Vice President and General Manager, M&I Electric Brazil. “Marcelo’s business development, P&L and broad Latin American experience will be an added benefit as we drive the next phase of our company’s growth objectives.”

Mr. Monteiro has a degree in Physics from the Universidade Federal de Minas Gerais , Electrical Engineering from the Pontifícia Universidade Católica de Minas Gerais , and a MBA from the FGV – OHIO University College of Business

“M&I Electric Brazil has made significant strides in building a great team in Brazil in the past two years and is well positioned to expand their market share in the power generation and industrial markets” said Monteiro. “I’m excited to join the team and look forward to helping Jose Octavio and the team to profitably grow the company.” 

American Electric Technologies, Inc. (NASDAQ: AETI ) is a leading supplier of power delivery solutions for the global energy industry. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services.

AETI is headquartered in Houston and has global operations in Beaumont, Texas; and Rio de Janeiro, Belo Horizonte and Macae, Brazil. In addition, AETI has minority interests in two joint ventures, which have facilities located in Xian, China and Singapore. AETI’s SEC filings, news and product/service information are available at www.aeti.com .

Investor Contacts: American Electric Technologies, Inc. Bill Brod 713-644-8182 investorrelations@aeti.com