American Superconductor Appoints Thomas Rosa to Posts of Chief Financial Officer and Treasurer21 March 2006
American Superconductor Corporation (Nasdaq: AMSC), a leading energy technologies company, today announced that Thomas Rosa, currently Vice President of Finance and Accounting and Corporate Secretary, has been appointed by the Board of Directors effective immediately to the position of Vice President, Chief Financial Officer and Treasurer. Mr. Rosa will have primary responsibility for all aspects of financial management, control, reporting and planning for the company.
Mr. Rosa, who had been serving as interim Chief Financial Officer since March 10, has more than 20 years of financial management experience. He joined American Superconductor in 1992 as Corporate Controller and was elected Chief Accounting Officer and Assistant Secretary in 1998. In 2003, he was named Vice President of Finance and Accounting and in 2004 was appointed Corporate Secretary. Prior to joining AMSC, Mr. Rosa spent 10 years in a variety of financial management positions at Prime Computer, Wang Laboratories and Lockheed Sanders, most recently as Division Controller at Prime Computer.
"We are delighted to promote Tom to the position of Chief Financial Officer and Treasurer," said Greg Yurek, Chief Executive Officer. "Tom has made very solid contributions to AMSC as a member of the management team during his 14 years with the company, he has built a strong team of financial and accounting professionals, and his deep experience in the HTS industry will continue to be of tremendous value in the development and implementation of our growth strategies."
About American Superconductor
AMSC is the world's principal vendor of high temperature superconductor (HTS) wire and large rotating superconductor machinery, and it is a world- leading supplier of dynamic reactive power grid stabilization products. AMSC's HTS wire and power electronic converters are at the core of a broad range of new electricity transmission and distribution, transportation, medical and industrial processing applications, including dynamic reactive power grid stabilization solutions, large ship propulsion motors and generators, smart, controllable, superconductor power cables and advanced defense systems. The Company's products are supported by hundreds of patents and licenses covering technologies fundamental to Revolutionizing the Way the World Uses Electricity(TM). More information is available at http://www.amsuper.com.
Contact Information
Media
Lisa-Marie Barker American Superconductor
508-621-4375 news@amsuper.com
Investors
Greg Yurek American Superconductor
508-621-4220 investor@amsuper.com
Source: prnewswire
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