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news release:
American Superconductor
Chief Financial Officer Resigns
Westborough, MA, Feb. 24:
American Superconductor Corporation (NASDAQ:AMSC) today announced that Kevin
Bisson, Senior Vice President and Chief Financial Officer, will be resigning to
accept an executive position at another publicly traded company. Mr. Bisson's
resignation will take effect on March 10, 2006. American Superconductor has
named Thomas Rosa, who is currently its Vice President of Finance and Accounting
and Corporate Secretary, as interim Chief Financial Officer.
Mr. Rosa, who has
been with American Superconductor since 1992, Chief Accounting Officer since
1998, Vice President of Finance and Accounting since 2003 and Corporate
Secretary since 2004, will continue to manage all accounting and financial
functions of the Company. The Company said it plans to appoint a permanent Chief
Financial Officer in the relatively near future.
Mr. Bisson, who has been the
Company's Chief Financial Officer since May 2003, commented on his career
change: "I have very much enjoyed my tenure at American Superconductor, and the
decision to leave was a difficult one, but I believe this new position is more
closely aligned with my career goals. It has been a pleasure to work with a
group of dedicated and talented people, and I wish them continued success in the
future."
"Kevin has made significant
contributions to American Superconductor since he joined our team," said Greg
Yurek, Chief Executive Officer. "While we are sorry to see Kevin depart, we wish
him every success in his new position. At the same time, we are pleased to have
Tom Rosa, who has worked very closely with Kevin and me, move into the position
of interim CFO."
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