Pioneer Power Solutions, Inc. announced that Thomas Klink, President of Pioneer's Jefferson Electric Segment and an experienced financial executive, has been promoted to Chief Financial Officer of Pioneer Power Solutions, Inc., effective January 7, 2016. He succeeds Andrew Minkow, who has resigned from Pioneer, as both an officer and a director, to pursue other professional opportunities. Most recently, Mr. Klink was President of Jefferson Electric, rising to that position after serving in several positions of increasing responsibility, including chief executive officer, chief financial officer, vice president, treasurer, secretary and chairman of the board of directors.

Mr. Minkow has agreed to serve as a consultant to Pioneer for at least 90 days, ensuring a smooth transition.