Power Solutions International, Inc. (NASDAQ: PSIX) announced on July 27, 2026, that Richard Hu has been appointed as Chief Executive Officer, effective August 17, 2026. The appointment marks a significant leadership transition for the engine and power systems manufacturer, which aims to leverage Hu’s extensive global experience to drive profitable growth, particularly in the emerging data center market. Hu will report directly to the Board of Directors.

The selection followed a comprehensive executive search conducted by Spencer Stuart, a global executive search and leadership advisory firm. Working closely with the Board over several months, Spencer Stuart evaluated candidates across power generation, industrial equipment, automotive, and adjacent technology sectors before recommending Hu. Xun (Kenneth) Li, who served as Interim Chief Executive Officer since May 2026, will continue in his role as Chief Financial Officer.

"We are pleased to welcome Richard to PSI," said James Zhang, Chairman of the Board. "With the support of Spencer Stuart, our Board conducted a thorough evaluation of candidates from across industries. Richard’s deep operational expertise, global perspective, and proven ability to scale complex industrial businesses make him the right leader to drive PSI’s profitable growth, particularly as we pursue the significant opportunities in the data center market."

Hu brings more than 25 years of global leadership experience spanning Asia, Europe, and the Americas. His recent tenure includes six years at BorgWarner, Inc. (2020–2026), where he most recently served as Vice President and General Manager of the Americas Region for the Turbo & Thermal Technology business unit. In this role, he held full P&L accountability for a multi-billion-dollar operation encompassing manufacturing plants and technical centers across the United States, Mexico, and Brazil, leading a global team of approximately 3,900 employees.

Executive Background

Prior to his role at BorgWarner, Hu served as Senior Vice President and General Manager of Delphi Technologies’ Global Powertrain business unit, helping navigate the company through its acquisition by BorgWarner in 2020. His career also includes senior executive roles at Eberspächer (Vice President and Managing Director, Asia Pacific), Magna Steyr (General Manager, China and Korea), and Magneti Marelli.

"I am honored to join PSI at such an exciting time in the Company’s evolution," said Hu. "PSI has talented people, differentiated products and technology, and an extraordinary opportunity to establish itself as a leader in the emerging data center market. I look forward to working with the Board, the leadership team, and every member of the PSI organization to drive operational excellence, capture this market opportunity, and deliver long-term value for our stakeholders."

Strategic Focus

Power Solutions International designs, engineers, and manufactures advanced, emission-certified engines and power systems. The company provides integrated turnkey solutions to original equipment manufacturers and end-users in power systems, industrial, and transportation markets. Its fuel-agnostic strategy allows customization of high-performance engines using natural gas, propane, gasoline, diesel, and biofuels.

Additional information regarding Hu’s appointment and employment agreement terms is set forth in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.

Power Solutions International, Inc. has scheduled the release of its second quarter 2026 financial results for after the market close on August 6, 2026. The company will host a conference call at 5:00 p.m. Eastern time to discuss the results and provide a business outlook.

The earnings press release will be distributed via Globe Newswire and available on the company's investor relations website. Investors and interested parties can access the live audio-only webcast by registering online. Participants wishing to ask questions during the call must register separately to receive dial-in details and a unique PIN.

Conference Call Details

A replay of the conference call will be available following the event on the Investors section of Power Solutions International's website. The company designs, engineers, and manufactures emission-certified engines and power systems for global original equipment manufacturers in the power systems, industrial, and transportation markets.