Power Solutions International appoints Avery CFO

WOOD DALE - Power Solutions International announced Charles F. (Chip) Avery, Jr. was appointed as chief financial officer.

Reporting to John Miller, chief executive officer and president, Avery succeeds interim chief financial officer Timothy J. Cunningham, who will remain with the company in an advisory role to ensure a smooth transition and to assist with the company's financial audit and restatement activities.

Avery, 52, has approximately 30 years of financial, information technology and strategic leadership experience in the industrial, manufacturing, distribution and consumer products industries at various public companies and has also served both private and public companies during his tenure in public accounting. Through his prior leadership roles, Avery brings to PSI a solid track record and deep expertise in the areas of strategic planning and analysis, financial and SEC reporting, internal controls, M&A, investor relations and IT.

From 2013 until 2016, he served as chief financial officer, vice president, finance and treasurer, at FreightCar America, a publicly traded designer and builder of railroad freight cars, supplier of railcar parts, and provider of railcar leasing. Prior to that role, from 2005 until 2013, he served in financial and information technology leadership positions, including from 2010, as vice president, corporate controller and chief information officer, at Federal Signal Corporation (NYSE: FSS), a publicly traded global designer and manufacturer of safety, signal and communications equipment, and environmental and firefighting vehicles, serving governmental and commercial customers.

Earlier in his career, he served in financial leadership roles at Home Products International, Inc. and in audit and business advisory roles at Arthur Andersen LLP.

Avery received his Master's degree in Business Administration from the University of Notre Dame and Bachelor of Science degrees in accountancy and computer information systems from Ferris State College. He is a certified public accountant.