The present subject matter is directed to a system and method for improving speed control of a pitch drive system of a wind turbine. In one embodiment, the pitch drive system includes a direct current (DC) motor having an armature and a series-field winding, a battery assembly having a positive terminal and a negative terminal, and a current-controlling device configured in series between the positive terminal of the battery assembly and the series-field winding. The battery assembly is configured to supply power to the pitch drive system and the current-controlling device is configured to supply current to the series-field winding so as to ensure a field flux does not equal zero. Thus, the current-controlling device has the effect of limiting the maximum speed of the DC motor.