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New
Release -- Superconductor Week does not edit or endorse the following
news release: American
Superconductor Announces Termination of President David Paratore
Jun 13 -- American Superconductor Corporation (NASDAQ:AMSC) today
announced that it has terminated the employment of David Paratore, President and
Chief Operating Officer of the Company due to issues of conduct and judgment on
the part of Mr. Paratore in connection with his relationship with a female
employee, who has made allegations of sexual harassment.
Under the terms of Mr. Paratore's executive agreement with the Company, his
termination will take effect on June 28, 2005. The Company said it will initiate
a search for Mr. Paratore's replacement. Chairman and CEO Greg Yurek has agreed
to assume the role of President, which he held from 1989 to February 2004, until
Mr. Paratore's successor is found. |
