ANN ARBOR, Mich., Jan. 24, 2014 /PRNewswire/ -- Tecumseh Products
Company (Nasdaq: TECUA/TECUB), a leading global manufacturer of
compressors and related products, announced today the addition of
Mr. Harold M. Karp to its Board of
Directors and the resignation of Zachary E.
Savas from its Board.
On January 23, 2014, effective
immediately, Tecumseh's Board
appointed Harold M. Karp to fill the
vacancy created by Mr. Lebowski's December
31, 2013 resignation.
"We are delighted to welcome Harold," said Jim Connor, President and CEO. "We believe
his experience and expertise will be tremendous assets to the board
and to the company. We would also like to thank Zachary for
his hard work and dedication to our Board."
Mr. Karp is currently a self-employed consultant providing
operational analysis to third parties. He was employed by
either The Alpine Group, Inc. or one of its portfolio companies
from 1995 to 2013, serving in various senior operating
positions. Most recently, Mr. Karp served as President and
Chief Operating Officer from February
2007 to December 2013 of
Wolverine Tube, Inc., a company Alpine Group was invested in, which
manufactured custom engineered products providing thermal
management solutions to the HVAC, refrigeration, appliance,
electronic cooling and petrochemical markets.
On January 20, 2014, Zachary E. Savas notified us that he resigned as
one of our directors effective immediately. We appreciate Mr.
Savas' long service and his many important contributions to our
Company. We have reduced the current size of our Board of
Directors from seven to six members effective January 23, 2014.
Tecumseh Products Company is a global manufacturer of
hermetically sealed compressors for residential and specialty air
conditioning, household refrigerators and freezers, and commercial
refrigeration applications, including air conditioning and
refrigeration compressors, as well as condensing units, heat pumps
and complete refrigeration systems. Press releases and other
investor information can be accessed via the Investor Relations
section of Tecumseh Products Company's Website at
www.tecumseh.com.
Contact:
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Janice
Stipp
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Tecumseh
Products
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734-585-9507
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Investor.relations@tecumseh.com
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SOURCE Tecumseh Products Company