SOURCE: WindPower Innovations, Inc.

WindPower Innovations, Inc.

June 27, 2012 10:00 ET

WindPower Innovations Announces That Former MasterCard Finance Executive Thomas P. Meola Has Been Appointed as the Company's Chief Financial Officer

QUEEN CREEK, AZ--(Marketwire - Jun 27, 2012) - WindPower Innovations, Inc. (PINKSHEETS: WPNV) announced today it has appointed Thomas P. Meola as its Acting Chief Financial Officer effective immediately. 

Mr. Meola, who is a certified public accountant as well as a seasoned financial executive with public company compliance experience, has been hired by the Board to bring seasoned experience to the Company and to enhance the quality and transparency of the Company's financial Reporting.

John Myers, CEO of WindPower Innovations, commented, "We are very pleased Mr. Meola has agreed to join our management team. I expect that I will lean heavily on Tom's experience as we evaluate potential acquisitions."

"I am looking forward to working with Mr. Myers by taking the burden of financial reporting and compliance off his shoulders so that he can focus on the business prospects of the Company," stated Mr. Thomas Meola, the Company's new CFO. "My first task will be to prepare the Company's tax returns and review all of the recent financials with an eye to having them audited in the near future."

WindPower Innovations is currently auditing its past and current financials and expects to release news on its progress in the near future.

About WindPower Innovations:

WindPower Innovations, Inc. is actively looking for energy related companies to complement their growth structure. The subsidiary WindPower Solutions, Inc. has completed an 80% new remanufactured 85kw turbine. It is currently in the process of completing the due diligence period. They are hoping to secure a sizable contract in the near future.

About Thomas P. Meola:

Mr. Meola is a certified public accountant and seasoned financial executive. Currently (since 2011) in addition to serving as the Chief Financial Officer of WindPower Innovations he is the managing member and certifying accountant for Tailor Made Business Solutions, PLLC. From 2006 to 2010 Mr. Meola was Vice President of Business Operations for Paul Allen's venture fund, Vulcan Inc. At MasterCard International, Inc. where he served as Senior Vice President of Global Financial Systems and Purchasing from 2000 to 2004 he was involved in meeting that company's Sarbanes-Oxley compliance and oversaw the due diligence team for the acquisition by MasterCard of the largest European credit card processor. Prior to his employment at MasterCard Mr. Meola held various finance and accounting positions with Bowen & Company from 1987 to 2000. Mr. Meola has a Bachelor of Science for accounting from Rutgers University among other academic achievements.

Contact Information

  • WindPower Innovations, Inc.
    Carole S. Myers