Turbo Power Systems Inc Directorate Change (1338J)
07 September 2016 - 4:01PM
UK Regulatory
TIDMTPS
RNS Number : 1338J
Turbo Power Systems Inc
07 September 2016
Turbo Power Systems Inc
("TPS" or the "Company")
Board Appointments
TPS, the innovative high-speed electrical machines and power
electronic systems provider, announces the appointment of Mr
Rodrigo Lauria de Castro Loureiro (Mr Rodrigo Lauria) and Ms Livia
Velloso De Oliveira Castro (Ms Livia Castro) as non-executive
directors of the Company, effective immediately. Mr Lauria and Ms
Castro are representatives of Vale S.A. ("Vale"), the Brazilian
mining company and the ultimate controlling shareholder of TAO
Sustainable Power Solutions (UK) Limited (89.4% shareholder in the
Company).
Mr Lauria, aged 37, currently serves as a Corporate Areas
Performance Manager of Vale, covering strategic planning,
budgeting, internal control systems and business improvements,
having worked for Vale since 2003. Mr Lauria has 17 years'
professional experience in management of economic, financial and
asset performance areas, specialising in cost and performance
management.
Ms Castro, aged 49, is currently a Corporate Finance Manager of
Vale, and has served in a number of finance focused roles within
Vale. Ms Castro has 27 years' experience in corporate finance,
trade finance, foreign exchange transactions, and international
debt and equity capital markets. Prior to joining Vale in 2005, Ms
Castro held positions within a number of Brazilian companies and
financial institution.
Following the above appointments, the board of directors of the
Company will comprise of: four non-executive directors, being Mr
Fernando Senhora (Chairman), Mr Rodrigo Lauria, Ms Livia Castro,
and Mr Ric Piper.
Further information
Neither Mr Lauria nor Ms Castro have an interest in the share
capital of the Company.
Mr Lauria, is currently a director of Associacao Museu
Ferroviario Vale do Rio Doce (a non-profit organisation related to
Vale). Mr Lauria has not held any other directorships or
partnerships in the past five years.
Ms Castro is currently a member of the board of director of
Biopalma da AmazĂ´nia S.A., and director of Docepar S.A. (both
wholly owned subsidiaries of Vale registered in Brazil) and Vale
Overseas Limited (a wholly owned subsidiary of Vale registered in
the Cayman Islands). Ms Castro was also a director of Vale Pecem
S.A. (a wholly owned subsidiary of Vale) in 2014.
There are no further details in relation to the above
appointments which require disclosure pursuant to Rule 17 or under
paragraph (g) of Schedule 2 of the AIM Rules for Companies.
For further information, please contact:
Turbo Power Systems Tel: +44 (0)191
Carlos Neves, Chief Executive 482 9200
Officer
Charles Rendell, Chief Financial
Officer
finnCap (NOMAD and broker) Tel: +44 (0)20
Ed Frisby, Emily Watts 7220 0500
Kreab (financial public relations) Tel: +44 (0)20
Robert Speed 7074 1800
This information is provided by RNS
The company news service from the London Stock Exchange
END
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