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Stock impact report

Powell Industries Announces Brett A. Cope To Assume Role Of Chairman of the Board

Powell Industries, Inc. (POWL) 
US:NASDAQ Investor Relations: investor.shareholder.com/powell
Company Research Source: PR Newswire
HOUSTON, Sept. 23, 2019 /PRNewswire/ -- Powell Industries, Inc. (the "Company") (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that Thomas W. Powell elected to step down as Chairman of the Board as of September 16, 2019 in furtherance of the Company's continued long-term succession planning efforts.  In recognition of Mr. Powell's longstanding service and contributions, the Board designated Mr. Powell as Chairman Emeritus of the Board. Mr. Powell intends to continue actively serving as a director on the Board. The Company also announced today that, in connection with Mr. Powell's transition to Chairman Emeritus, the Board elected Brett A. Cope as its new Chairman of the Board as of September 16, 2019."It has been my great pleasure to serve as Chairman of the Board for the past 35 years," said Mr. Powell. "Consistent with the Company's succession plans, I look forward to my continu Show less Read more
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