Powell Industries, Inc. Announces Executive Changes, Effective October 1, 2016
September 28, 2016 at 04:29 pm EDT
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On September 27, 2016, the board of directors of Powell Industries, Inc. appointed Brett A. Cope as the company's President and Chief Executive Officer to be effective as of October 1, 2016. In connection with the appointment of Mr. Cope as President and Chief Executive Officer, Thomas W. Powell will retire from his role as the company's interim President and Chief Executive Officer effective as of October 1, 2016. Mr. Powell will continue to serve as Chairman of the Board. Also on September 27, 2016, the Board increased the size of the Board from eight to nine members and elected Mr. Cope as a director of the company to fill the vacancy created by such increase.
Mr. Cope will be a member of the company's 2019 director class. Mr. Cope, joined the company in December 2010 as Vice President of Sales and Marketing and has served as Senior Vice President and Chief Operating Officer since December 2015. During the 20 years prior to joining the company, Mr. Cope held roles of increasing responsibility at ABB.
Powell Industries, Inc. develops, designs, manufactures and services custom-engineered equipment and systems. The Company distributes, controls and monitors the flow of electrical energy and provides protection to motors, transformers and other electrically powered equipment. Its principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches and bus duct systems. Its products are designed for application voltages ranging from approximately 480 volts to 38,000 volts and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemical, liquefied natural gas (LNG) terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper and other industrial markets.
POWELL INDUSTRIES, INC. 
