American Superconductor Corp. (NASDAQ: AMSC) said Tuesday it has promoted Daniel P. McGahn to president and chief operating officer in a newly created position, according to Associated Press.
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McGahn, 38, joined the company, which makes equipment for power generators and utilities, in 2006 as a vice president of Strategic Planning and Corporate Development. He will continue to report to founder and CEO Greg Yurek.
In 2008, McGahn was promoted to the position of Senior Vice President and General Manager of AMSC Superconductors.
Prior to joining AMSC, McGahn served as Executive Vice President and Chief Marketing Officer of Konarka Technologies, a venture-backed developer of polymer photovoltaic technology for renewable power, and General Manager and Chief Operating Officer of Hyperion Catalysis, a world leader in carbon nanotube production and application development
Shares rose $1.21, or 3.1 percent, to $40.30 in afternoon trading.
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