Twin Vee PowerCats announced the election of Carol Craig and Larry Swets Jr. to the board of directors during its annual meeting of stockholders. Marcia Kull and Neil Ross completed their terms and departed the board effective Dec. 4.

“We are very pleased to welcome Mr. Swets and Ms. Craig to our Board,” CEO Joseph Visconti said in a statement. “With deep expertise in public markets and vertically integrated manufacturing and a strong track record in scaling high-growth technology and financial organizations, they bring an exceptional understanding of strategic capital deployment and operational innovation. They will be tremendous team members going forward.”

Swets is executive chairman of principal investment firm Saltire Capital, a position he has held since 2022. Craig is the founder, CEO and board chair of Sidus Space, a space and defense technology firm she launched in 2012.