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CHARLOTTE, N.C. - NN, Inc. (NASDAQ:NNBR), a global diversified industrial company with a market capitalization of $102.61 million, announced Wednesday the promotion of Gregg Cottage to Chief Information Officer and Chief Information Security Officer. According to InvestingPro data, the company’s stock has declined 37% year-to-date, currently trading at $2.04.
In his new role, Cottage will lead the company’s information technology function and enterprise information security strategy, reporting to Chris Bohnert, Senior Vice President and Chief Financial Officer. This appointment comes at a crucial time as InvestingPro analysis indicates the company operates with a significant debt burden, with a debt-to-equity ratio of 3.58.
Cottage has been with NN for over ten years and has served as the primary leader of the IT organization since 2023. He previously held positions as Global IT Infrastructure Manager and Global Director of Information Technology at the company.
"Gregg has been a critical member of NN’s information technology team for over ten years, and his experience along with his native knowledge and understanding of the Company’s structure and systems will serve as an important factor in the strengthening of our IT as well as our data security strategies," said Bohnert in the press release.
Prior to joining NN in 2014, Cottage worked in progressive IT roles at multiple Fortune 500 companies and their subsidiaries. He holds a Bachelor of Science in Business Administration and has earned his Chief Information Security Officer certification.
NN, Inc. engineers and manufactures high-precision components and assemblies for various markets globally, with facilities across North America, Europe, South America, and Asia. The company generates annual revenue of $433.71 million, though InvestingPro analysis shows net income growth is expected this year despite current challenges. For deeper insights into NN Inc.’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, NN Inc. reported its Q2 2025 earnings, with an unexpected earnings per share (EPS) of $0.02, which significantly exceeded the forecast of -$0.0033. However, the company experienced a revenue shortfall, posting $107.9 million against an expected $113.44 million. Despite the revenue miss, NN Inc. provided forward guidance, projecting full-year net sales between $430 million and $460 million. Additionally, the company announced that the Chinese government has approved the continuation of its joint venture in Wuxi, China, extending a 20-year partnership with Weifu. This joint venture, Wuxi Weifu Autocam, generates approximately $130 million in annual sales and is undergoing expansion. In another development, NN Inc. appointed Mohamad Farhat as Chief Technical Officer for its electrical, defense, and medical businesses. Farhat will lead technical engineering functions for the company’s Power Solutions and Medical businesses, reporting to Tim French, Senior Vice President and Chief Operating Officer.
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