TMEIC Corp. in Roanoke consolidates with Texas operation
President and CEO Dale Guidry stepping down, replaced by Manmeet S. Bhatia
The parent of Roanoke-based TMEIC Corp. is merging its two United States operations effective April 1, the company announced this week, naming Manmeet S. Bhatia president and CEO of the new entity, TMEIC Corporation Americas.
Dale Guidry is stepping down as president and CEO of TMEIC Corp. and into an advisory role until retirement, the company said. During his term, which began in 2007, the company tripled in size.
In 2011, Tokyo-based Toshiba Mitsubishi-Electric Industrial Systems (TMEIC) Corp. bought out GE’s share of the TMEIC General Electric joint venture, a move that also placed Guidry in charge of developing growth strategies and business plans for the corporation’s subsidiary companies in Asia, Europe and South America.
The new merger brings together TMEIC Power Electronics Products Corp. in Katy, Texas, and TMEIC Corp. in Roanoke, with the operations of both companies remaining at their respective locations, and Katy leadership reporting to Roanoke.
The company says the change is meant to combine technical and engineering capabilities, and improve efficiencies in sourcing, import-export and project coordination operations.
The Roanoke-based operation of the company designs and develops advanced automation systems, large AC and DC motors and photovoltaic inverters.
“The ongoing growth of our overseas operations and manufacturing capabilities, particularly in the U.S., is a critical component of our overall global growth strategy both in the short term and well into the future,” TMEIC Group President and CEO Masahiko Yamawaki said in a statement.
Bhatia, who lives in Roanoke, will lead the new U.S.-based operation. He served a variety of leadership roles at the Roanoke company before being named COO in 2019.