Turbo Power Systems Inc.

Turbo Power Systems Inc.

February 22, 2011 02:00 ET

Turbo Power Systems Inc. ("Turbo Power Systems" or "TPS" or "Company") Appointment of New Chief Executive Officer

LONDON, UNITED KINGDOM--(Marketwire - Feb. 22, 2011) - Turbo Power Systems (TSX:TPS)(AIM:TPS), 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".

Contact Information

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