For more information, contact:
Advanced Energy Industries
|Janet Nelson (analysts/investors)
Financial Relations Board/San Francisco
Advanced Energy Promotes Hollis L. Caswell Ph.D. to President
Fort Collins, CO (July 15, 1999)
--Advanced Energy Industries, Inc. (Nasdaq NM: AEIS) today announced the promotion of Hollis L. Caswell, Ph.D., 67, to president, replacing Douglas S. Schatz, who remains chief executive officer and chairman. Dr. Caswell retains his positions as chief operating officer, which he has held since June 1997, and member of the board of directors, to which he was elected in February 1997.