Turbodyne Adds John Singleton To Board
27 January 1998
Turbodyne Adds John Singleton To BoardWOODLAND HILLS, CA., Jan. 27 /CNW/ - Turbodyne Technologies Inc. TRBDF (NASDAQ) TRBD (EASDAQ) Turbodyne Technologies Inc. (``Turbodyne'') today announced the agreement to add John P. Singleton to its Board of Directors. Mr. Singleton will also serve the company as Chairman of the Finance Committee and as a Financial Advisor. ``Mr. Singleton brings to Turbodyne extensive strategic planning and financial expertise,'' said Chairman and CEO Edward Halimi. ``John's experience in financial planning, domestic and international joint ventures, finance, operations, and his proven ability to evaluate and develop business opportunities, fills a key function at Turbodyne as it enters its next stage of development and commercialization.'' Mr. Singleton is currently President and CEO of Singleton and Associates. He was previously General Manager, Business Development at IBM. He was responsible for creating strategic joint ventures, and major systems architecture and systems integration relationships with top Fortune 500 companies. He also evaluated opportunities involving new products and services. From 1982 through 1992, Mr. Singleton was promoted seven times from Sr. Vice President, Central Information Group to Vice Chairman and COO of Security Pacific Corporation, the fifth largest U.S. bank. During his tenure, he directed and controlled operations for Security Pacific banks in Alaska, Arizona, Nevada, Oregon, Washington, and Canada with $16 billion in assets. He also planned and administered a $1.2 billion operating budget for an organization with 14,000 personnel worldwide. Under his direction, Security Pacific's Northwest Banking Franchise set a record net profit of $105 million. Mr. Singleton's management experience prior to Security Pacific includes positions at Maryland National Bank. Great Western Finance Corporation, Security National Bank, and the Federal Reserve Board - Washington, D.C. Also, Mr. Singleton holds, or has held, positions with the following organizations and associations: Director-Executive Committee, Los Angeles Chamber of Commerce; Trustee, Azusa Pacific University; Chairmanship, Union Rescue Mission Second Century Campaign; Vice Chairman, National Alliance of Business Board; Board Member, California Angels Major League Baseball Team; Board Member, Paravant Computer Systems, Inc. and IFS International, Inc. Turbodyne is an integrated manufacturing company specializing in the design, manufacture, and marketing of high technology performance-enhancing and pollution-reduction products for automotive, marine, construction, industrial, electric power generation and military engines. Its light metals subsidiary is an integrated manufacturer of machined aluminum castings and a leading supplier of engineered permanent mold and sand-cast aluminum products for the automotive industry. Offices and plants are located in Carpinteria, La Mirada, Encinitas, Woodland Hills, CA; Ensenada, Mexico; Northants, England; Vancouver, BC; and Frankfurt, Germany. Turbodyne's World Wide Web address is http//www.turbodyne.com Turbodyne Technologies Inc. Edward M. Halimi Chairman and CEO SOURCE: Turbodyne Technologies Inc.