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Fort Collins, CO (July 15, 1999)
Advanced Energy Industries
Janet Nelson (analysts/investors)
Financial Relations Board/San Francisco
--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.