American Superconductor (AMSC) CEO Steps Aside Amidst Turmoil

July 5th, 2011

American Superconductor (AMSC) CEO Greg Yurek was planning to retire for several months according to the company, but the recent lack of transparency, pending lawsuits and a plummeting stock price has no doubt led to a bit earlier than expected retirement for CEO and founder Greg Yurek. Current President and COO Daniel McGahn will take over as CEO while Yurek will continue to serve as Chairman of the Board for a few more months, then as an advisor for two years.

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