18th Mar 2005 09:00
Turbo Genset Inc.18 March 2005 Friday 18th March, 2005 Appointment of Chief Financial Officer The Board of Turbo Genset Inc. ("Turbo Genset"), the innovative power generationand power electronics systems company, is pleased to announce the appointment ofStephen Sadler to the Board as Chief Financial Officer with effect from 17thMarch 2005. Stephen, aged 38, has held a number of senior financial positions withtechnology companies including Logica Plc and GX Networks Plc. He was ChiefFinancial Officer of Host Europe Plc until its sale to Pipex Communications Plcin 2004. He is a non-executive director of DAT Group Plc. Stephen qualified as a Chartered Accountant with Arthur Andersen and has adegree in economics from The London School of Economics. Commenting on Stephen's appointment, Michael Hunt, CEO, said: "We are very pleased to be able to announce the appointment of Stephen as CFO.His public markets background and general commercial experience will be of greatvalue to the Company as it moves into the next stage of its development." For further information, please contact:Turbo Genset Inc (United Kingdom) Tel: +44 (0) 20 8564 4460Stephen Sadler, Chief Financial Officer Turbo Genset Inc (Canada) Tel: +1 905 690 1722Richard Kapuscinski Website: www.turbogenset.com Gavin Anderson & Company (PR) Tel: +44 (0) 20 7554 1400Ken CroninMichael TurnerSeton Services Inc (IR) Tel: +44 (0) 20 7727 3073Toni Vallen NOTES TO EDITORS Stephen Sadler's directorship, past and present over the last five years are asfollows: Current directorships DAT Group PlcTSL Solutions Limited Previous directorships Host Europe PlcHost Europe Internet LimitedWebfusion Internet Solutions LimitedMagic Moments Investments LimitedMagic Moments Employee Benefits Trust Company LimitedMagic Moments Internet Services LimitedMagic Moments Design Limited About Turbo Genset Turbo Genset develops innovative products for power generation and powerconditioning. The Group was established in 1993 as a spin-off from ImperialCollege, London and was floated on the London stock exchange in July 2000 andsoon after obtained a secondary listing in Toronto. In July 2001, the Groupacquired Intelligent Power Systems Limited (I-Power) specialising in powerelectronics. At the end of 2002, the Company completed the acquisition ofcertain rail power electronics business interests from Rolls Royce IndustrialControls, which complemented the existing product range and has providedopportunities to significantly grow the rail power electronics business. Forward Looking statements This news release contains forward-looking statements. Forward-lookingstatements include statements concerning plans, objectives, goals, strategies,future events, or performance, and underlying assumptions and other statementsthat are other than statement of historical fact. These statements are subjectto uncertainties and risks including, but not limited to, the ability to meetongoing capital needs, product and service demand and acceptance, changes intechnology, economic conditions, the impact of competition, the need to protectproprietary rights to technology, government regulation, and other risks definedin this document and in statements filed from time to time with the applicablesecurities regulatory authorities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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