Powell Industries (POWL) Appoints Brett Cope as CEO

September 28, 2016 4:16 PM EDT

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Powell Industries, Inc. (NASDAQ: POWL) announced that its Board of Directors has named Brett A. Cope, age 48, President and Chief Executive Officer of the Company, effective October 1, 2016. Mr. Cope was also named to the Board of Directors effective October 1st.

Thomas W. Powell, Chairman, President and Chief Executive Officer, stated, "On behalf of our Board of Directors and the Company, I am pleased to announce the promotion of Brett Cope to President and CEO. With over 25 years of industry experience, Brett has demonstrated great leadership over the past six years on his path to becoming our new chief executive officer. As CEO, Brett's customer and product focus will strengthen the Company's market leadership in customized engineered solutions. The Board and I expect his transition from chief operating officer into his new role to be a smooth one and we welcome him onto the Board."

Mr. Cope joined Powell in December 2010 as Vice President of Sales and Marketing and has served as Senior Vice President and Chief Operating Officer since December 2015. During the 20 years prior to joining Powell, Mr. Cope held roles of increasing responsibility at ABB, an international provider of power and automation products enabling the utility, industrial, transportation and infrastructure industries. Mr. Cope holds a bachelor's degree in Applied Science from Miami University of Ohio.

Thomas Powell has served as President and Chief Executive Officer of Powell on an interim basis since December 2015. Mr. Powell, who has served as the Company's Chairman of the Board since 1984, will relinquish the role of President and Chief Executive Officer and again serve as non-executive Chairman of the Board, effective October 1, 2016.

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