Hypertherm announced that Vice-President and General Manager Evan Smith will immediately assume the role of President from Hypertherm Founder and CEO, Dick Couch. Couch will remain as CEO of Hypertherm and will continue to chair Hypertherm?s board of directors. In addition, Hypertherm CFO Carey Chen is expanding his duties and will now oversee Hypertherm?s air plasma and related product lines as CFO and Vice-President, General Manager of Light Industrial Businesses. During that time, and under Smith?s guidance, Hypertherm?s business has grown substantially, with revenue more than tripling.

?Evan has done an excellent job in every role he has had at Hypertherm, and it is a pleasure to name him president,? said Couch. ?My fellow board members and I have the utmost confidence in Evan and the entire management team, and look forward to many more years of growth for Hypertherm.? Chen assumed the role of CFO and Vice President, General Manger of Light Industrial Business.