PE-backed AAI taps Pan as global sourcing leader

Applied Acoustics International, a portfolio company of Angeles Equity Partners, has hired Faye Pan as global sourcing leader. Prior to joining AAI, Pan worked at GE Transportation where she served as global commodity leader. Chicago Heights, Illinois-based AAI is a provider of noise, vibration and harshness solutions for the North American automotive sector.

PRESS RELEASE

CHICAGO HEIGHTS, Ill.–(BUSINESS WIRE)–Applied Acoustics International™ (AAI™), a Tier 1 supplier of noise, vibration, and harshness (NVH) solutions to the North American automotive industry, today announced Faye Pan has joined the AAI team as Global Sourcing Leader. Reporting directly to CEO Larry Hagood, Pan will drive sourcing best practices across the company to optimize costs while managing the relationships with all suppliers. Leveraging her 11 years of sourcing experience, Faye’s efforts will focus on streamlining and improving processes, reducing costs through negotiations, implementing innovative solutions, and proactively mitigating supply risks.

Prior to joining AAI, Faye Pan served as Global Commodity Leader for GE Transportation, managing global casting and services. Faye led a team for Mohawk Supply Chain Services, performing comprehensive spend analysis and cost models. While at CBRE, Pan adopted a new e-procurement system to facilitate vendor evaluation and contract management as the Strategic Sourcing Manager. Before CBRE, Faye was responsible for the GE Consumer & Industrial electronics components spend at more than 100 manufacturing facilities where she implemented preferred vendor programs and leveraged aggregated supplier volume to achieve millions of dollars in savings. Pan began her career at GE Lighting as a sourcing specialist in Shanghai working with Asian suppliers.

“Faye is a very experienced global sourcing professional who has delivered impressive results at some of the largest companies in the world,” said Larry Hagood, CEO for Applied Acoustics International. “Her strengths in team building and ability to lead across multiple organizations are proven to drive productivity increases, team member development, and sourcing savings.”

“I am very excited and look forward to helping AAI achieve its full potential,” said Faye Pan, Global Sourcing Leader for Applied Acoustics International.
Faye Pan earned an MBA from the Richard Ivey School of Business at Western University in Canada. Faye holds a Certificate in Liberal Arts and International Culture from Taisho University in Japan, and she achieved a Masters in Sociology from Shanghai University in China.

About Applied Acoustics International
We Engineer Quiet™. Applied Acoustics International (AAI) is a Tier 1 supplier of noise, vibration, and harshness (NVH) solutions to the North American automotive industry. Based in Chicago Heights, Illinois, AAI occupies a leading market position within the NVH industry, specializing in damper and EVA barrier materials. Learn more online at www.aainvh.com.

About Angeles Equity Partners, LLC
Angeles Equity Partners is a private equity firm that invests in companies across a wide range of industrial sectors and specifically targets businesses which it believes can directly benefit from the firm’s deep expertise in operational transformation and strategic repositioning. This skill set drives the firm’s investment philosophy and, in its view, can help underperforming businesses reach their full potential. Learn more online at www.angelesequity.com.