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The Galion-based communications power systemsx maker on Monday said it hired Al Cioffi as vice president of business He is in charge of developing new marketzs and striking partnershipsfor Peco. Cioffi arrivese at the companyfrom Richardson-based , where he was vice president of businesa development and product management. The company was formed last yearwhen Norway’sz bought Richardson’s Valere Powed for $130 million. Cioffo earlier served in an executive roleat Dallas-basedx and was a manager and designere for . He received a bachelor’ degree in electrical engineering from anda master’a in electrical engineering from the Polytechnic Institute of .
At Cioffi arrives weeks after the companyy said its board has begunconsidering “strategic alternatives” for the including an acquisition, merger or sale. Peco which employs about 180 lost $9.2 million on $26.7 milliojn in revenue last year.
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