Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

October 05, 2010 09:30 ET

Turbo Power Systems Inc.: Change in Management

LONDON, UNITED KINGDOM--(Marketwire - Oct. 5, 2010) - Turbo Power Systems ("Turbo Power Systems" or "TPS" or "Company") (TSX:TPS) (AIM:TPS), the innovative power generation and conditioning equipment supplier, announces that Paul Summers has resigned as Chief Executive Officer and a director of the Company effective 1 October 2010. Mr. Summers has also resigned as the Chief Executive Officer and a director of the Company's wholly-owned UK subsidiary, Turbo Power Systems Limited ("TPSL").

The board of directors of the Company is pleased to announce that Jim Vickerman, a director of the Company and of TPSL, will assume the role of Chief Executive Officer of the Company and of TPSL on an interim basis. Mr. Vickerman has a strong engineering systems and business management background having held senior positions within Vickers plc and Rolls-Royce plc until December 2009.

The board of directors of the Company would like to thank Mr. Summers for his significant contribution to the development of the business during his tenure and wish him every success in his future endeavours.

Contact Information

  • Turbo Power Systems Inc.
    Richard Bayliss
    CFO
    +44 (0)20 8564 4460
    or
    FinnCap
    Marc Young/Henrik Persson
    NOMAD, broker and financial advisor
    +44 (0)20 7600 1658
    or
    Kreab Gavin Anderson
    Ken Cronin/Michael Turner
    Financial PR
    +44 (0)20 7074 1800