American Power Group Names New Board Member

American Power Group Corporation announced that Raymond L.M. Wong, Managing Director of Spring Mountain Capital, LP, has joined the Company’s Board of Directors effective October 30, 2013. Mr. Wong replaces Dr. Aviel Faliks as one of Spring Mountain’s two Board of Director designees.

Wong has been a Managing Director of Spring Mountain Capital’s private equity group since 2007. Wong was previously a senior Managing Director in the Investment Banking Division of Merrill Lynch & Co., Inc. While at Merrill Lynch, Mr. Wong served on the Investment Banking Operating Committee and as Chairman of the Corporate Finance Committee. During his 25 years at Merrill Lynch, he had responsibility for the corporate finance relationships for many of the firm’s largest corporate clients. Before joining Spring Mountain Capital, Wong was the Managing Member of DeFee Lee Pond Capital LLC, a financial advisory and investment firm. Wong serves on the board of directors of several companies, including Alleghany Corporation and Merrill Lynch Ventures, LLC. Wong received his M.B.A. with honors from Harvard Business School and graduated summa cum laude from Yale College with a B.A. in Political Science.

Maury Needham, American Power Group’s Chairman of the Board of Directors, stated, “We are very pleased that Raymond has agreed to join our Board. Raymond brings a wealth of expertise and experience in areas of corporate finance as well as developing and emerging energy solutions and we welcome him aboard.”

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LNG World News Staff, October 31, 2013; Image: APG