"Tecumseh will immediately benefit from Harold's strong leadership skills and global manufacturing expertise which he has developed over the years," said Cowger. "Harold has a wealth of experience leading worldwide manufacturing businesses, enhancing their quality and productivity while stimulating innovation and growth."
For 18 years, Karp was employed by The Alpine Group Inc. or one of its portfolio companies, serving in various senior operating and executive positions. The Alpine Group is an investment firm that operated and actively managed companies in the refrigeration, specialty materials, coatings, wire and cable products and electronic components sectors. Karp served as President and COO from Feb. 2007 to Dec. 2013 of Wolverine Tube, Inc., which manufactured custom-engineered products providing thermal management solutions to the HVAC, refrigeration, appliance, electronic cooling, and petrochemical markets. Karp has served on the Tecumseh Board of Directors since Jan. 2014.
"I am excited to be named the CEO of Tecumseh," said Karp. "I believe in the strength of the Tecumseh brand and in its global distribution network, and I am committed to enhancing both through innovative product development. We are going to renew our focus on customer satisfaction and product quality with a sense of urgency to reaffirm Tecumseh as a global leader in our industry. With our new leaders in engineering, operations and restructuring, I am confident that we are well-prepared to meet the challenges and opportunities as they are presented to Tecumseh."
According to Tecumseh, Cowger's appointment as Chairman of the Board, together with the recent additions of four directors, provides a broad range of public company, operational, financial, and industry experience. Tecumseh also announced a successful recapitalization, that aligned vote control with share ownership. The company will be engaging in an executive search for a permanent president and CEO, with the anticipation that Karp will be a strong candidate for that position.
Visit www.tecumseh.com for more information.