Power Solutions International, Inc. Announces Board Appointments
December 13, 2021 at 04:06 pm
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The Board of Directors of Power Solutions International, Inc. appointed Mr. Fabrizio Mozzi and Ms. Lei Lei as members of the Board effective as of December 7, 2021. The new board members, who will serve on the Board as designees of Weichai America Corp., PSIs majority stockholder, will fill the positions previously held by Mr. Walter Wu and Mr. Xinghao Li, both of whom were Weichai America Corp. designees and both of whom resigned from the Board effective December 7, 2021. The Board also appointed Mr. Mozzi to Chairman of the Board and as a member of the Nominating and Governance Committee. Mr. Shaojun Sun, previously Chairman of the Board was appointed to Vice Chairman of the Board and was appointed to Chair of the Nominating and Governance Committee. Ms. Lei was appointed to Chair of the Compensation Committee. Mr. Mozzi and Ms. Lei will serve until the Companys 2022 annual meeting of stockholders or until his or her successor is duly elected and qualifies.
Power Solutions International, Inc. designs, engineers, manufactures, markets and sells a broad range of advanced, emission-certified engines and power systems that are powered by a wide variety of clean, alternative fuels, including natural gas, propane, and biofuels, as well as gasoline and diesel options, within the power systems, industrial and transportation end markets. The Companyâs products are primarily used by global original equipment manufacturers (OEMs) and end user customers. The Companyâs products include power systems, electric power generation (gensets), large custom genset enclosures, mobile and stationary gensets for: emergency standby, rental, prime power, demand response, microgrid, oil and gas, data center, renewable energy resiliency (wind, solar, storage), combined heat and power (CHP), industrial material handling, agricultural/arbor care, irrigation/pumps, construction, compressors, wood chippers, stump grinders, and sweepers/industrial scrubbers.