TPI Composites, Inc. (NASDAQ:TPIC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On July27, 2017, Wayne Monie, the Chief Manufacturing Technology Officer of TPI Composites, Inc. (the Company), announced his intention to retire in July of 2018. In connection with his planned retirement, Mr.Monie and the Company have agreed that Mr.Monie will transition to a newly created, part-time role as Senior Advisor beginning on August1, 2017 and continuing until July22, 2018. In his new role, Mr.Monie will advise the Company’s Chief Executive Officer and other members of the Company’s executive management team on business, operational, engineering and technology matters.
Ramesh Gopalakrishnan has been promoted to Senior Vice President, Technology and Industrialization, a non-executive officer position. In this new position, Mr.Gopalakrishnan will lead technical program management, the development of advanced composites technology and the adoption of technology best practices into the Company’s production facilities. Mr.Gopalakrishnan has served as Vice President of Technology, Transfer and Launch since he joined the Company in September 2016. Mr.Gopalakrishnan has over 20 years of operations, supply chain, strategy and technology experience in the Americas, Europe and Asia. Previously, Mr.Gopalakrishnan was the Executive Vice President, Manufacturing for Senvion from 2013 to 2016, based in Hamburg, Germany. Prior to this, he spent three years as Chief Operating Officer of Suzlon Energy Composites in Pune, India, and four years as Director of Supply Chain with Halliburton Corp. in Houston, Texas. Prior to this, he spent 10 years with GE in various operational and engineering leadership roles around the world, including Global Manager, Blade Center of Excellence, Manager for Advanced Design Technology programs and Globalization Leader.
About TPI Composites, Inc. (NASDAQ:TPIC)
TPI Composites, Inc. manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities. The Asia segment includes the manufacturing of wind blades in facilities in Taicang Port, China and two in Dafeng, China; the manufacturing of precision molding and assembly systems in its Taicang City, China facility; the manufacturing of components in its second Taicang Port, China facility, and wind blade inspection and repair services. The Mexico segment manufactures wind blades from a facility in Juarez, Mexico. The Middle East and Africa segment manufactures wind blades from a facility in Izmir, Turkey.
