Turbo Power Systems, Inc. (TPS.TO) said Tuesday that the Chairman of the company's Board of Directors, James Pessoa, has resigned, effective immediately.
This resignation comes after Pessoa resigned from his position with ValeSolucoes emEnergia, the parent company of TAO Sustainable Power Solutions (UK) Limited, the company's majority shareholder.
Rodrigo Braga, a non-executive director of the Company, has agreed to act as Chairman of the Board on an interim basis.
The company noted that the Board intends to appoint a replacement director and further announcements will be made in due course.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.