Tecumseh Products Company Announces Board Changes
ANN ARBOR, Mich., Jan. 24, 2014
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
"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: Janice Stipp
SOURCE Tecumseh Products Company
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