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Capstone Turbine Corporation Names Paul Campbell As Senior Vice President, Customer Service

Stocks in this article: CPST

CHATSWORTH, Calif., Sept. 24, 2012 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it has named Paul Campbell to the position of Senior Vice President, Customer Service effective September 24, 2012.

"As a new member of the Capstone Leadership Team, Paul is responsible for all customer service activities on a global basis. He brings with him a wealth of experience and solid accomplishments through a variety of leadership positions directly associated with this important segment of the business," said Darren Jamison, President and Chief Executive Officer of Capstone.

Prior to joining Capstone, Mr. Campbell spent over sixteen years at Rolls-Royce plc in a variety of leadership roles. He brings a unique blend of experiences, having held senior level positions in finance, accounting, business development and resource planning; his last position was Vice President, Customer Business for North America. In this role he was instrumental in growing revenue, increasing profitability and increasing customer satisfaction for the Rolls-Royce Civil Helicopter business in North America. Mr. Campbell holds a Bachelor of Science Degree in Accounting from Indiana University.

In addition to the other terms of his employment arrangement with Capstone, Mr. Campbell received a grant of equity securities effective upon the date of commencement of his employment. Mr. Campbell received options to purchase 250,000 shares of the common stock of the Company. Conditioned on his continued employment, the options will vest 25% after one year and, thereafter, will vest pro rata each month over the next 36 months. The exercise price of the options granted to Mr. Campbell will be the fair market value of Capstone's common stock on the date of the grant, which is the closing price per share as reported on the Nasdaq Global Market on September 24, 2012. The options expire 10 years from the date of grant. Mr. Campbell will also receive a grant of 62,500 restricted stock units (RSUs) that vest 25% after each of the first four years of service.  

About Capstone Turbine Corporation

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