Management Transition at Global Research Company

EAGAN, MN—April 19, 2019—Joe Zirnhelt has been named president and CEO at Power Systems Research (PSR), a global research company. He replaces Dennis Huibregtse, who has retired from day-to-day management responsibilities but will remain as a Director of the company. The change is effective immediately.

PSR has been tracking the worldwide production of engines and engine-powered equipment for more than 40 years. Since 1976, Power Systems Research has been providing hard-to-find data, forecasts and intelligence on power equipment markets to industry leaders. It operates a global network of field offices in Ann Arbor, MI, Brussels, Beijing, Tokyo, India, Moscow and Brazil from its headquarters in Eagan, Minnesota.

PSR established the Eagan, MN headquarters in 1983, and later opened key offices in Brussels, Belgium in 1986 and Ann Arbor, MI in 2002.  The other field offices have since been established to further serve the market needs of clients requiring data and market intelligence throughout the world.

Zirnhelt has served as the company’s Chief Operating Officer & Strategist since 2015. He joined the company as a Senior Consultant in 2005.

Huibregtse retired from day-to-day management recently after 36 years with the company. Huibregtse has played a major role in the development of PSR since it was founded by George Zirnhelt as a small engine research firm in 1976 in Grantsburg, WI.  Huibregtse will continue to serve the company as an advisor in the coming years.

Also retiring from day-to-day management is Edward “Ted” Hadingham, president of the company’s European operations.  Hadingham joined PSR in 1989 and has managed PSR’s European operations since 2002. Hadingham resides in the UK and will continue to provide project services for PSR’s clients in the UK and Europe.

Both Huibregtse and Hadingham will continue as members of the company’s Board of Directors.

The change is the final step in the transition that was started several years ago as the company planned for its future leadership transition.  No other immediate changes in company organization or operations are expected.

"George showed his foresight in developing a management transition plan that would enable him to seamlessly move into retirement,” notes Zirnhelt. “His foresight as a leader proved invaluable with his untimely passing in February 2015.”

Zirnhelt added: “We have a strong, experienced management team in place, and we’re looking forward to an exciting future for the company and the clients and industries we serve.”

Joe Zirnhelt’s responsibilities have included management and oversight of the company's operations as well as leading the implementation of strategic initiatives. He has extensive experience in the power sector and has led and provided expertise to advanced research projects in the power generation and other engine related industries.

Over his 24-year professional career he has served as an Officer in the U.S. Navy including training in the Naval Nuclear Propulsion Program followed by experience with Alstom Power, a leading French power plant developer, before joining Power Systems Research.

Zirnhelt holds an undergraduate degree in Mechanical Engineering from the University of Notre Dame and an MBA from the University of Texas at Austin.

He has been a regular contributor to Diesel Progress magazine and other industry publications often featuring the North American power generation market. He also is actively involved in the Electrical Generating Systems Association (EGSA) where he has contributed content for its Powerline magazine and recently completed his term as Chair of the Market Trends Committee. PSR