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American Superconductor Names New COO

Maker of equipment for power generators and utilities said it promoted Daniel P. McGahn to president and chief operating officer in a newly created position.

DEVENS, Mass. (AP) -- American Superconductor Corp., which makes equipment for power generators and utilities, said Tuesday it has promoted Daniel P. McGahn to president and chief operating officer in a newly created position.

McGahn, 38, joined the company in 2006 as a vice president. He will continue to report to founder and CEO Greg Yurek.

Shares rose 61 cents to $39.70 in midday trading.

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