WOOD DALE, Ill. (Aug. 29, 2022) — Power Solutions International Inc. announced that Xun (Kenneth) Li has joined the company as its chief financial officer (CFO), effective Aug. 29, 2022. Li succeeds Matthew Thomas, who has served as interim CFO since April 2022. Thomas will resume his role as corporate controller.
Dino Xykis, interim CEO, said, “We are delighted to welcome Ken to PSI. His demonstrated success as a CFO and as a strategic contributor to company performance will serve us well as PSI continues executing its business objectives and works to generate long-term profitable growth.”
Xykis added, “We’d also like to thank Matt for his leadership of the finance and accounting department and for his contributions over the past several months. We look forward to continuing to work alongside him in the future.”
Li is an accomplished executive who has more than 20 years of professional experience in the areas of finance, accounting, financial planning & analysis, internal controls and strategy, among others.
Most recently, he served as CFO for ND Paper, a pulp, packaging and paper company, from 2020 to August 2022, where he was a member of the executive leadership management team with primary responsibility for finance, accounting, tax, auditing, treasury, risk management, internal audit, and strategic planning, among other areas, and served as a strategic advisor to the CEO.
Prior to this role, Li was with Caterpillar Inc., from 2008 through 2020, where he served in various financial leadership positions, the most recent of which was CFO of the global mining machine product group from 2013 to 2020. Prior to Caterpillar, Li was with Ford Motor Company, where he held finance leadership roles of increasing responsibility, from 2003 to 2008.
Li holds an MBA with high distinction and an M.S. in Accounting, both from the University of Michigan. He also holds an M.S. in Mechanical Engineering from the University of Oklahoma and a B.S. in Mechanical Engineering from Shanghai JiaoTong University. Li is also a CPA.