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Beale named Fuel Systems Solutions President and Larkin new CFO
Fuel Systems Solutions, Inc. has announced the promotion of Matthew Beale as president of the company, succeeding Mariano Costamagna who will retain his position as chief executive officer. The company also announced the promotion of Bill Larkin as chief financial officer, succeeding Thomas M. Costales who resigned his position.

Beale, 41, who most recently served as vice president of business development and earlier as a consultant to the company, has extensive international corporate finance, banking and consulting experience - including 11 years with JP Morgan and Citigroup, based in London and Milan. Prior to joining the company, he served as managing director for CVS Partners, a corporate advisory firm based in Italy focused on mergers, acquisitions and financings. He earned a Bachelor of Arts degree in English from London University and a diploma in accounting and finance from the London School of Economics, as well as a Master of Business Administration from Instituto de Estudios Superiores de la Empresa, Barcelona, Spain. His foreign language proficiency includes Italian and Spanish.

Prior to joining Fuel Systems Solutions in 2006 as corporate controller and chief accounting officer, Bill Larkin, 38, served as director offinancial reporting at Standard Pacific Corp., responsible for SEC reporting and Sarbanes Oxley Section 404 compliance. Earlier, he served as an auditor at Deloitte & Touche LLP, based in Los Angeles. He earned a Bachelor of Science degree in accounting from the University of Southern California and is a certified public accountant.

"We thank Tom for his many contributions to our organization during his tenure and respect his desire to explore new opportunities. We wish him well in his future endeavors," said Mariano Costamagna, chief executive officer of Fuel Systems Solutions.

"These executive appointments complement our strategy and focus on capitalizing on the tremendous global opportunities that exist within the gaseous fuels market. I look forward to continuing to work with Matthew and Bill in their new positions," Costamagna said.

Fuel Systems Solutions is a holding company with two direct wholly owned subsidiaries, IMPCO Technologies and BRC Gas Equipment. Additional information is available at  IMPCOdesigns, manufactures, markets and supplies advanced products and systems to enable internal combustion engines to run on clean burning gaseous fuels such as natural gas, propane and biogas. IMPCO is a leader in the heavy duty, industrial, power generation and stationary engines sectors. Headquartered in Santa Ana, California, IMPCO has offices throughout Asia, Europe, Australia and North America. Additional information is available at BRC,
through its wholly owned subsidiaries, produces a complete range of systems for converting vehicles to gaseous fuel to meet market requirements. BRC is a leader in the light duty and automobile alternative fuel sectors and has established alliances with several major automobile manufacturers for OEM projects. Headquartered in Cherasco, Italy, BRC has offices throughout Asia, Europe and South America. Additional information is available at BRC's web site