Performance Tech CEO Resigns
Mr. Slusser, age 53, previously served as the Company's President and Chief Executive Officer from 1986 to 1995. He is the Founder of the Company and has been a director since its inception in 1981. He has served as Chairman of the Board since 2001.
The Board of Directors has established an Executive Transition Committee, which will oversee the process through which a new Chief Executive Officer will be selected.
"I look forward to working closely with our dedicated senior management team and the entire Performance Technologies' organization while we work through this transition," said Mr. Slusser. "We are excited about the opportunities we see for the Company moving forward and I have great confidence in the Company's current and future prospects."
Performance Technologies Inc. (Nasdaq: PTIX)