Turbo Power Systems Inc.

Turbo Power Systems Inc.

March 21, 2011 03:00 ET

Turbo Power Systems Inc ("Turbo Power Systems" or "TPS" or "Company"): Departure of Chief Financial Officer

LONDON, UNITED KINGDOM--(Marketwire - March 21, 2011) - Turbo Power Systems, (TSX:TPS) (AIM:TPS) the innovative power generation and conditioning equipment supplier, announces that Richard Bayliss, the Group's Chief Financial Officer, will leave the Company on 31 March 2011, following the publication of the 2010 audited Financial Statements.

Richard has served the business very well. The Board wishes him every success with his future career.

Jim Vickerman, the interim CEO, will ensure that the Finance function of Turbo Power Systems continues to develop on the work done by Richard.

Peter Brown, the incoming CEO who joins in May, is a qualified accountant and has a strong financial background, having held senior finance positions within Rolls-Royce plc . Peter will lead the Finance function from his appointment until his requirements for the function are decided and implemented.

Contact Information

  • Turbo Power Systems Inc.
    Jim Vickerman
    +44 (0)20 8564 4460
    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