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January 17, 2007
ROCHESTER, N.Y. -- Performance Technologies (NASDAQ: PTIX) today announced that its Board of Directors, upon the recommendation of its Executive Transition Committee, has unanimously appointed John M. Slusser, to serve as its permanent President and Chief Executive Officer.
Mr. Slusser, age 54, has served as interim President and Chief Executive Officer since October 13, 2006. He is the founder of the company and previously served as its President and Chief Executive Officer from 1986 to 1995. He has been a director since the company's inception in 1981 and has also served as Chairman of the Board since 2001. Mr. Slusser will also retain his Chairman of the Board role for the present time.
"As a Director over many years, I have remained familiar with various facets of the company and its operations," said Mr. Slusser. "While serving in my recent role as interim President and CEO, I have had the opportunity to become more thoroughly acquainted with the details of our current operations and strategies, to assess our strengths, and to identify potential areas for enhancement. With this background, I am confident that we can apply the substantial technological, financial and human resource assets at our disposal toward meaningful forward progress for Performance Technologies and its shareholders. I sincerely appreciate the responsibility that our Board of Directors has entrusted in me and I am very enthusiastic about pursuing the opportunities that lie ahead for our company."
Performance Technologies Inc. (Nasdaq: PTIX)
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