Goss International Appoints Richard Nichols as New CEO

DURHAM, NH—June 26, 2012—Goss International today announced a restructuring of management. The board has appointed Richard Nichols as CEO of the company, effective immediately, replacing Jochen Meissner.

The board expects that the Goss management team, headed by Nichols, will undertake active and effective measures to stabilize and expand the Goss leadership position in the industry. Relying on Shanghai Electric’s support and Goss' own distinctive capabilities, Goss will optimize the allocation of resources to enhance innovation and responsiveness to customers and market demands, within a culture that fosters an inspiring and challenging working environment. This will propel the company to a new level of performance, to meet and exceed the strategic goals of the board.