McGahn President and COO of AMSC

Wednesday, December 16, 2009

American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced that Daniel P. McGahn has been promoted to the position of President and Chief Operating Officer. In this role, McGahn will be responsible for AMSC’s day-to-day global operations. He will continue to report to AMSC founder and Chief Executive Officer Greg Yurek.

McGahn joined AMSC in December 2006 as Vice President, Strategic Planning and Corporate Development. His primary initial objective was to set up and operate AMSC China. McGahn hired and developed the core AMSC China team, including AMSC China’s general manager, drove a strategic site selection process based on customer and supply chain requirements, and helped manage and develop AMSC’s initial customer and vendor relationships in China. Today, AMSC China has over 175 employees with manufacturing operations in Suzhou, field service operations and sales in Beijing and a sales office in Shanghai.

In 2008, McGahn was promoted to the position of Senior Vice President and General Manager of AMSC Superconductors. In this role, he developed strong strategic business alliances in the area of superconductor applications to create near- and long-term demand for the company’s 344 superconductors. McGahn has also led efforts to significantly enhance AMSC’s wire performance and production processes, and strengthened the AMSC Superconductors team to ensure the company is prepared for a rapid scale-up in production. The new core team of professionals includes Michael Tanner, who formerly served as Operations Manager for Evergreen Solar and General Manager of a division of ITT Industries. Tanner, who joined AMSC in August 2009, has assumed the role of General Manager of AMSC Superconductors effective immediately.

Prior to joining AMSC, McGahn served as Executive Vice President and Chief Marketing Officer of Konarka Technologies, a venture-backed developer of polymer photovoltaic technology for renewable power, and General Manager and Chief Operating Officer of Hyperion Catalysis, a world leader in carbon nanotube production and application development. He holds M.S. and B.S. degrees in engineering from the Massachusetts Institute of Technology.

(www.amsc.com)
 

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