3rd Jul 2012 15:44
3 July 2012
Turbo Power Systems Inc.("TPS" or the "Company")
Board Changes
TPS, the innovative electrical machines and electronic systems provider, announces that Mr James Pessoa, Chairman of the Board of Directors of the Company ("Board"), has resigned from his role with immediate effect, after having resigned from his position with Vale Soluções em Energia, the parent company of TAO Sustainable Power Solutions (UK) Limited, the Company's majority shareholder.
Rodrigo Braga, currently a non-executive director of the Company, has agreed to act as Chairman of the Board on an interim basis.
The Board intends to appoint a replacement director and further announcements will be made in due course.
For further information, please contact:
Turbo Power Systems Inc. | Tel: +44 (0)20 8564 4460 |
Carlos Neves | |
FinnCap | Tel: +44 (0)20 7220 0500 |
Marc Young/ Henrik Persson | |
Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800
Robert Speed/Georgia Lewis
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