PSIX CEO Appointed
Power Solutions International Appoints Richard Hu as New Chief Executive Officer Effective August
Anonymous
Power Solutions International (PSI) has named Richard Hu as its new Chief Executive Officer, effective August 17, 2026, according to Montreal Gazette. Hu takes over from Xun (Kenneth) Li, who had been serving as Interim CEO.
The appointment follows a thorough executive search led by Spencer Stuart, a global executive search firm, Calgary Sun reported. PSI trades on the NASDAQ under the ticker PSIX.
Spencer Stuart Search Led to Hu's Selection
PSI did not promote from within to fill the top job. Instead, the company hired Spencer Stuart to run a wide search for the right candidate, according to Owen Sound Sun Times. Spencer Stuart is one of the world's leading firms for placing top executives at major companies.
The use of an outside search firm signals that PSI's board wanted to cast a wide net. It suggests they were looking for fresh leadership rather than a quick internal fix, The Observer reported.
Hu Replaces Interim Leader Xun Li
Xun (Kenneth) Li had been holding the CEO role on an interim basis before Hu's appointment. Li steps aside as Hu officially takes the helm on August 17, 2026, according to Montreal Gazette.
Interim CEO roles are typically short-term fixes while a company searches for permanent leadership. PSI's move to name a full-time CEO suggests the company is ready to set a long-term direction, Sault Star noted.
What This Means for Power Solutions International
PSI makes engines and power systems used in industrial and commercial equipment. A new permanent CEO gives the company a clear leader to drive strategy and growth. The timing of the August 17 start date gives Hu a few weeks to prepare before stepping in, according to Pincher Creek Echo.
PSI shares trade on NASDAQ as PSIX. Leadership changes at public companies often draw close attention from investors watching for signs of a new strategic direction, Seeking Alpha reported.
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