Torotrak PLC Appointment of Non-Executive Director (7217I)
December 11 2015 - 2:00AM
UK Regulatory
TIDMTRK
RNS Number : 7217I
Torotrak PLC
11 December 2015
11 December 2015
Torotrak plc
("Torotrak" or the "Company")
Appointment of Non-Executive Director
Torotrak, (LSE: TRK), a leading developer and supplier of
emissions reduction and fuel efficiency technology for vehicles, is
pleased to announce the appointment of Eric Alstrom as a
Non-Executive Director with effect from 1 January 2016.
Eric is currently the President of Danfoss Power Solutions, a
leading supplier of high performance systems and solutions to the
off-highway vehicle sector. Prior to that, Eric was Managing
Director of Benteler Automobiletechnik GmbH, a global Tier 1
supplier of chassis, structures and engine and exhaust systems to
the major automotive OEMs. Between 1992 and 2008, Eric held various
senior management roles at General Motors Corporation including
Vice President of Global Procurement and Supply Chain for GM Europe
and Managing Director of Adam Opel GmbH.
Eric has a B.Sc. in Business Administration and Economics from
Gothenburg School of Economics and a M.Sc. in Management from
Stanford Graduate School of Business. He brings a deep
understanding and knowledge of the automotive industry both from an
OEM and Tier 1 perspective together with international experience
having worked in the USA and Japan and extensively across Europe
and in Germany for the last 10 years.
With the appointment of Eric as a Non-Executive Director, as
previously announced John Weston will step down from the Board on
31 December 2015.
Nick Barter, Non-Executive Chairman said: "We are delighted that
an executive of Eric's stature and experience is joining our Board.
Eric has been a champion for technology innovation in his career
and brings to Torotrak a wealth of business experience as well as
relationships with Tier 1s and OEMs in the automotive sector. We
believe that given this experience, Eric will prove a valuable
addition to the Board as the Company looks to commercialise its
products with global Tier 1 partners. I am delighted to welcome
Eric to the Board and at the same time to repeat my thanks to John
Weston for his invaluable service to the company".
Eric Alstrom, said: "I am pleased to be joining Torotrak at this
exciting time of its commercialisation plans. I believe Torotrak's
portfolio of technologies hold significant promise for automotive
as well as off-highway applications."
Eric Alstrom was president and CEO of Sauer Danfoss Inc, a
company that was listed on the New York Stock Exchange until April
2013 when it was acquired by Danfoss A/S. There are no further
disclosures required pursuant to paragraph LR 9.6.13 R of the
Listing Rules of the UK Listing Authority in relation to this
appointment.
For more information, please visit www.torotrak.com or
contact:
Torotrak plc
Adam Robson, Chief Executive / Rex Vevers, Finance
Director
Tel: +44 1772 900931
Cantor Fitzgerald Europe (Financial Adviser &
Broker)
Marc Milmo / Will Goode / David Banks
Tel: +44 20 7894 7000
Tavistock (Financial PR)
Simon Hudson / Lulu Bridges / James Collins
Tel: +44 20 7920 3150
Notes to Editors
Torotrak is a leading developer and supplier of kinetic energy
recovery systems, engine boosting and variable drive transmissions
for vehicles. Our portfolio of technology solutions substantially
improves fuel economy and reduces CO(2) and other emissions in
vehicles through capturing and recycling energy that would
otherwise be lost, harnessing the power of supercharging to enable
engine downsizing and managing the engine at the optimum point.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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