Composites has announced that William E. Siwek, currently President, has been appointed President and Chief Executive Officer, effective May 20, 2020, coinciding with TPI’s 2020 Annual Meeting of Stockholders.
Mr. Siwek also has been nominated to stand for election to join TPI’s Board of Directors, effective May 20, 2020. Steven C. Lockard, whose career at TPI began in 1999 and who has served as CEO since 2004, has been nominated for a new three-year term as Director and, if elected, will become Chairman of the TPI Board, effective May 20, 2020. Steve will also serve as Chairman of a newly formed Technology Committee of the Board to oversee the company’s innovation efforts for both wind and transportation markets. Paul Giovacchini, the Company’s current Chairman of the Board, will assume the role of Lead Independent Director of TPI’s Board of Directors, effective May 20, 2020.In addition, TPI announced today that Steven Bransfield and Michael DeRosa will be retiring from TPI’s Board of Directors, effective May 20, 2020. Mr. Bransfield has served as a Director at TPI since 2010 and Mr. DeRosa has served as a Director at TPI since 2009. TPI expects to continue to strengthen and diversify its Board of Directors during the remainder of 2020.
