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Appointment of Chief Executive Officer

22nd Feb 2011 07:00

RNS Number : 6060B
Turbo Power Systems Inc
22 February 2011
 



22 February 2011

 

Turbo Power Systems Inc.

("Turbo Power Systems" or "TPS" or "Company")

 

Appointment of New Chief Executive Officer

 

Turbo Power Systems, the innovative power generation and conditioning equipment supplier, is pleased to announce that Peter Brown will be appointed as Chief Executive Officer of the Company. He will take up the position in May 2011, succeeding Jim Vickerman who has held the Chief Executive position since October 2010 on an interim basis. Jim will revert to his prior role as a Non Executive Director but will continue to provide Peter with any support he may require to ensure a smooth transition.

 

Mr. Brown will also be appointed as the Chief Executive Officer and a director of the Company's whollyowned UK subsidiary, Turbo Power Systems Limited .

 

Peter has 21 years of experience in the engineering and manufacturing industry with Vickers plc and latterly with Rolls-Royce plc, where he is currently responsible for a global portfolio of products and services for the oil, gas and power generation markets. A Chartered Management Accountant, Peter has successfully managed significant growth in the business segments over which he had responsibility during his time at Vickers plc and Rolls-Royce plc.

 

Chairman James Pessoa commented: "We are delighted to have been able to attract someone of Peter Brown's calibre and experience into the role of CEO".

 

 

For further information, please contact:

Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460

Richard Bayliss, CFO

 

FinnCap (NOMAD, broker and financial advisor) Tel: +44 (0)20 7600 1658

Marc Young / Henrik Persson

 

Kreab Gavin Anderson (Financial PR) Tel: +44 (0)20 7074 1800

Ken Cronin / Michael Turner

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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