HPS Announces COO Retirement, Successor

GUELPH, Ontario – Hammond Power Solutions Inc. (“HPS” or the “Company”) announced the appointment of Mr. John Bailey as Chief Operations Officer (“COO”) effective January 1, 2024, succeeding Mr. Bohdan (Bob) Yusyp, who is expected to retire in April 2024.

“Over the past 15 years, John has grown his career in operations directly under Bob’s mentorship,” said Adrian Thomas, Chief Executive Officer of HPS. “During that time, John has built significant experience working with our clients and strategically planning our operations to meet future demand. From his early days at HPS in production and planning, John quickly progressed to more senior roles, leading special projects such as system conversions, plant start-ups and expansions, successfully reaching the role of Vice President of Manufacturing Operations. John has made significant contributions to the development of our manufacturing processes and practices over the years, and we are confident that he will bring the same level of commitment and excellence to his new role. We look forward to John’s continued contributions to the success of our team.”

Prior to HPS, Bailey held leadership roles in production supervision and materials management within the automotive sector with organizations such as Stackpole Ltd. Bailey holds Diplomas in International Trade and Materials Management and Distribution from Sir Sanford Fleming College and is currently finalizing his EMBA from the University of Fredericton.

“On behalf of our Board of Directors and all of us here at HPS, I thank Bob for his exceptional contributions throughout his 29+ years with HPS. He has been a great leader, colleague, and friend to many and has created tremendous value for our company and our shareholders,” said Thomas. “Bob’s guidance has been especially critical as he led our India business turnaround, steered several plant start-ups and expansions, and has been a key contributor to the executive leadership in forming strategy and vision for the business. I want to personally wish Bob all the very best as he prepares for the next chapter of his life.”