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 Fuel Systems Solutions in 2006 as corporate controller and chief accounting officer, Bill Larkin, 38, served as director of financial 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. Fuel Systems Solutions is a holding company with two direct wholly owned subsidiaries, IMPCO Technologies and BRC Gas Equipment.