22nd Feb 2011 07:00
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 wholly‐owned 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
Related Shares:
TPS.L