Filed under: EV/Plug-in, Hybrid, Th!nk (Think), USA
The bankruptcy of Think Global is dragging Ener1 down even more, so an executive shake-up, it seems, is in order.Ener1 announced changes to its senior leadership team this week, including the resignation of Charles Gassenheimer, the man formerly in charge as the Chief Executive Officer of Ener1.
The president of Ener1 and CEO of EnerDel, Christopher Cowger, will replace Gassenheimer as CEO. Board member Thomas Snyder will step in to take over Gassenheimer's role of non-executive chairman of Ener1's board. The changes are effective immediately and Ener1 fully expects Gassenheimer to resign from the firm's board of directors. In addition, Ener1's board of directors has been expanded to ten seats to include Cowger.
This shake-up comes amidst concerns of Ener1's future viability. Ener1 stock (NASDAQ ticker symbol HEV) closed Tuesday at $0.19 and has plummeted 94 percent over the past year.
Continue reading Executive shake-up underway at Ener1 as CEO resigns
Executive shake-up underway at Ener1 as CEO resigns originally appeared on AutoblogGreen on Fri, 30 Sep 2011 14:04:00 EST. Please see our terms for use of feeds.
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