ANN ARBOR, Mich., March 4, 2014 /PRNewswire/ -- Tecumseh
Products Company (Nasdaq: TECUA/TECUB), a leading global
manufacturer of compressors and related products, announced today
that Igor Popov will be joining our
organization as Chief Restructuring Officer. Mr. Popov has
successfully served in the CRO role in the past and brings to the
Company this valuable experience, operational insight and vision
for a business turn around at Tecumseh. Mr. Popov will have a dual reporting
relationship to Jim Connor,
Tecumseh's President and Chief
Executive Officer as well as directly to the Board of
Directors.
"I am delighted that Igor has joined us," commented Jim Connor, Tecumseh's President and CEO. "Igor
accepted this full time executive role following a brief consulting
engagement with Tecumseh, during
which time he proved his ability to develop and a lead our global
turnaround effort."
Also joining the Company is Jerry
Mosingo as Executive Vice President of Operations. Mr.
Mosingo will report directly to Mr. Popov and have responsibility
for all plant Operations and Quality worldwide. He has
extensive experience in Operations having held this responsibility
at numerous multi-national companies in the past.
Commenting for the Board of Directors, Gary Cowger added, "Bringing Igor on as CRO and
strengthening our operations leadership team with Jerry is a great
start to returning Tecumseh to
sustained profitability. Structuring Igor's reporting
responsibility to both Jim and the Board of Directors facilitates
the many board-level decisions that will be required during the
turn around and avails Igor to the significant operations and turn
around experience now represented on our board."
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: Janice
Stipp
Tecumseh
Products
Company
734-585-9507
Investor.relations@tecumseh.com
SOURCE Tecumseh Products Company
