Fuel Systems Solutions, Inc. Appoints Joseph E. Pompeo To The Board Of Directors

NEW YORK, Dec. 16, 2010 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq:FSYS) announced the appointment of Joseph E. Pompeo, 72, to the board of directors. Mr. Pompeo is expected to become a member of the audit, nominating and corporate governance committees.

"We are pleased to welcome Joe to the board," said Mariano Costamagna, chief executive officer of Fuel Systems Solutions. "As a leading provider of comprehensive alternative fuel systems worldwide, Fuel Systems continues to optimize its global platform and invest in future growth opportunities. Joe's financial expertise ranging from start-up to multi-national companies, and his extensive knowledge of the manufacturing, technology and wholesale distribution industries, will be valuable assets as we execute our growth strategies."

"Fuel Systems has a proven track record of revenue growth and profitability. I am very excited to join the board and look forward to contributing to the company's future success in the large and rapidly growing alternative fuel market," stated Mr. Pompeo.  

Mr. Pompeo retired from a 38-year career with Arthur Andersen LLP in 2000, where he held the position of partner for 26 years. His clients included Formica Corporation, Congoleum Industries, Qantel Corporation, Electronic Associates Corp., Fiat USA, Olivetti USA and Safilo USA. As Director of the International Business Practice of the New York metropolitan area, he assisted several non-U.S. corporations with initial public offerings and listing on U.S. stock exchanges. He also served in numerous technical and management roles, including partner in charge of the Accounting and Auditing Divisions in San Juan, Puerto Rico and managing partner of the New Jersey Office. Mr. Pompeo is a Certified Public Accountant (retired) and holds a B.S. in accounting from Rutgers University. He was on the board of Nasdaq-listed Aeroflex Inc. from 2002 until it was acquired by a private equity group in 2007. He has also served on various educational and philanthropic boards.