On February 16, 2021, Power Solutions International, Inc. announced the appointment of Lance Arnett to serve as the Company’s Chief Executive Officer effective February 15, 2021 (the “Effective Date”). Mr. Arnett will succeed John P. Miller, who has retired from his position as Chief Executive Officer and President by mutual agreement with the Company effective the Effective Date following a transition period. Mr. Arnett, age 50, has served as PSI’s Chief Commercial Officer since November 18, 2019. Mr. Arnett has more than 25 years of sales, business development and operational experience. Prior to joining the Company, from January 2009 to November 2019, he worked at Cummins Inc.