Industry & Services >> CEO Interviews >> October 26, 1998
WALTER F. WARE, Turbodyne's Chief Executive Officer, joined the company
as Chief Operating Officer and Executive Vice President, effective
October 1, 1997. Mr. Ware also serves on the Board of Directors. He
brings Turbodyne more than 30 years of management and engineering
technology experience, plus business relationships in the global
automotive and industrial machinery industry. In his most recent
position, he served as Senior Vice President and Corporate Officer of
Detroit Diesel Corporation, one of the leading global diesel engine
companies and one of the Penske Corporation group of companies. Prior
to returning to the automotive industry through joining Detroit Diesel,
Mr. Ware served as a corporate Group Vice President and Officer of IDEX
Corporation, where he was responsible for three wholly owned subsidiary
companies. In his corporate capacity he also served as President and
Chief Executive Officer of one of the wholly owned subsidiaries. Mr.
Ware was recruited into the Goulds Pumps Corporation, the largest stand
alone U.S. pump company, where he served as a Corporate Officer and the
Group Vice President, Industrial Products Group. He led the Group's
successful turnaround effort over a three-year period that contributed
to the best financial performance of the company's 146, year history.
Goulds Pumps achieved Fortune 500 status for the first time in 1990 with
a ranking of 492. Completing the second full year in 1991, the company
moved up eleven positions to 481. More important, profit as a
percentage of assets and sales ranked 107 and 134 respectively. In
April of 1992 the company's stock established an all time high of
$29.38. Mr. Ware's extensive automotive industry experience in addition
to his position with Detroit Diesel Corporation, results from more than
20 years with Allied Signal Corporation's Garrett Automotive Group, the
leading global manufacturer of turbocharger systems. While at
AlliedSignal, he advanced from a solid engineering career through a
number of senior management positions within the United States and
European operations culminating in serving in positions of: Group Vice
President, North American Automotive Operations, Managing Director
Garrett Automotive Europe, and Chief Technical Officer for the Group.
Mr. Ware is a mechanical engineering graduate of the Georgia Institute
of Technology and holds Master of Science and Master of Business
Administration degrees from West Coast University, Los Angeles. Mr.
Ware served as a trustee of the Rochester Institute of Technology and is
a director of MillenniaVision Ltd. in the United Kingdom. Profile
as a company?
Mr. Ware: Turbodyne is a young 'high tech' start-up company that was
originally formed as a public
