posted by Wendy Stott
Published: July 08, 2011
Under Mr. Plush's financial guidance, Keithley grew to be a highly profitable business, reporting $25 million in income on $127 million of revenue in 2010. On December 8, 2010, Danaher Corporation (NYSE:DHR) acquired Keithley for $21.60 per share in cash or an enterprise value of approximately $300 million.
"We are extremely pleased to have an executive with Mark's credentials join our team," said Joe Kaveski, CEO of Energy Focus. "His demonstrated financial skills in growing a high technology business coupled with his proven record of successfully growing shareholder value will prove highly valuable to Energy Focus and its shareholders."
Mr. Plush commented, "I am very excited to be joining the Energy Focus team and look forward to contributing to its success."
