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Sevcon appoints Board Member Matt Goldfarb as Chairman of the Board of Directors, replacing Ryan Morris

SOUTHBOROUGH, Mass., Dec. 09, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) today announced that independent director Matt Goldfarb has been elected Chairman of the Board of Directors. He replaces Ryan J. Morris, who had been Executive Chairman and who will remain a director.

Mr. Goldfarb has served as Acting Chief Executive Officer of Cline Mining Corporation, a Canadian mining company, since December 2013. He is a founding partner of Southport Midstream Partners LLC, a private-equity backed development company focused on energy infrastructure projects. Mr. Goldfarb has previously served as Chief Executive Officer and Vice Chairman of Xinergy Ltd. and as a senior investment professional with GSO Capital Partners, Pirate Capital and Icahn Associates Corp. He is a director of Midway Gold Corporation and has served on numerous other public company boards of directors. He received his Bachelor of Arts degree from the University of Wisconsin and a J.D. from Fordham University School of Law.

About Sevcon, Inc.

Sevcon is a global supplier of control and power solutions for zero-emission, electric and hybrid vehicles. Its products control on- and off-road vehicle speed and movement, integrate specialized functions, optimize energy consumption and help reduce air pollution. Sevcon’s newly acquired Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories. The company supplies customers from its operations in the U.S., U.K., France, Germany, Italy, China and the Asia Pacific region, as well as through an international dealer network.

Contact: David Calusdian Sharon Merrill Associates 1 (617) 542 5300 SEV@InvestorRelations.com Matt Boyle President and CEO 1 (508) 281 5503 matt.boyle@Sevcon.com

Source:Sevcon, Inc.