Turbo Power Systems appoints Rodrigo Lauria and Livia Castro to its Board as Non-Executive Directors

– UK, Gateshead – Turbo Power Systems Inc (AIM:TPS), the innovative high-speed electrical machines and power electronic systems provider, announces the appointment of Mr Rodrigo Lauria de Castro Loureiro (Mr Rodrigo Lauria) and Ms Livia Velloso De Oliveira Castro (Ms Livia Castro) as non-executive directors of the Company, effective immediately. Mr Lauria and Ms Castro are representatives of Vale S.A., the Brazilian mining company and the ultimate controlling shareholder of TAO Sustainable Power Solutions (UK) Limited.

Mr Lauria, aged 37, currently serves as a Corporate Areas Performance Manager of Vale, covering strategic planning, budgeting, internal control systems and business improvements, having worked for Vale since 2003. Mr Lauria has 17 years’ professional experience in management of economic, financial and asset performance areas, specialising in cost and performance management.

Ms Castro, aged 49, is currently a Corporate Finance Manager of Vale, and has served in a number of finance focused roles within Vale. Ms Castro has 27 years’ experience in corporate finance, trade finance, foreign exchange transactions, and international debt and equity capital markets. Prior to joining Vale in 2005, Ms Castro held positions within a number of Brazilian companies and financial institution.

Following the above appointments, the board of directors of the Company will comprise of: four non-executive directors, being Mr Fernando Senhora (Chairman), Mr Rodrigo Lauria, Ms Livia Castro, and Mr Ric Piper.

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