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Bready Retires From Nortek

7/05/2011 10:11:37 AM Eastern

Providence,
R.I. - Richard L. Bready, chairman, president and CEO of Nortek, has retired,
and the company has named J. David Smith as interim CEO.

Nortek's
board also announced that it is retaining an executive search firm to identify
and secure a permanent replacement.

Prior
to assuming the Interim CEO title, Smith served for about two years as an
outside director on Nortek's board
as well as on its compensation committee.

Smith
has more than 36 years of experience in the building products industry,
including 12 years as the chairman, president and CEO of Euramax International,
a producer of aluminum, steel, vinyl, copper and fiberglass products for OEM,
distributors, contractors and home centers worldwide.

Bready
is retiring after 36 years of service to Nortek and its predecessor companies.

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