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Technology Stocks : SatCon Technology (SATC)
SATC 1.5000.0%Nov 5 3:00 PM EDT

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To: Jim Oravetz who wrote (431)10/18/2006 12:29:53 PM
From: Jim Oravetz  Read Replies (1) of 440
 
SatCon: Carroll To Replace Eisenhaure As Chairman
DOW JONES NEWSWIRES
October 18, 2006 12:23 p.m.

SatCon Technology Corp. (SATC) named John Carroll, an independent board member, as its chairman, replacing David Eisenhaure.

Eisenhaure will remain on the company's board and will keep his chief executive and president titles.

The maker of power and energy-management products will terminate Michael Turmelle's employment contract as president of SatCon Power Systems USA on Oct. 31 to further streamline operations and to reduce overhead costs.

Carroll is founder and chairman of Newgrange Co., a maker of plastics products.
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