UQM Technologies Announces Promotion of Joseph Mitchell to Chief Operating Officer and Interim President and CEO
July 21 2015 - 8:48AM
Business Wire
UQM Technologies, Inc. (NYSE MKT: UQM) today announced
that its board of directors has promoted Joseph Mitchell to the
position of Chief Operating Officer with additional
responsibilities of interim President and CEO, effective
immediately, as the board sets out to identify a permanent CEO
through a disciplined search process. Eric Ridenour, UQM’s former
Chief Executive Officer, President and Director, has left the
company to pursue other interests.
John Sztykiel, UQM director and former CEO of Spartan Motors,
will be the board of directors’ liaison during the transition
period and will serve as an advisor to Mr. Mitchell and the rest of
the UQM management team.
Donald Vanlandingham, UQM’s chairman of the Board of Directors,
said, "The board is excited to have Joe expand his responsibilities
at UQM. Joe has played a major role in the company's progress on a
number of fronts and is ideally suited to assume these added
responsibilities because of his integral knowledge of all aspects
of the business and his strong relationships throughout the
industry. We thank Eric for his leadership during the last five
years."
"I look forward to working closely with our board of directors,
executive team, and all of our employees to achieve our strategic
goals," said Mr. Mitchell. "Since joining the company in 2012, I
have been involved in all facets of the business and am more
confident than ever in UQM’s potential."
Joseph Mitchell joined the Company on June 1, 2012 and served as
Senior Vice President of Operations. From March 2012 until joining
the Company, Mr. Mitchell was Director of Quality, North America,
for A123 Systems, Inc. Mr. Mitchell served as Director, Operations
and Quality - North American Hybrid Electric Drives for Continental
Automotive from January 2008 through March 2012. From January 2007
through January 2008, Mr. Mitchell served as Director of Operations
and Hybrid Drive Segment Manager for Siemens VDO. Prior to that,
Mr. Mitchell was Director of Operations for the Electric and Hybrid
Drive division and head of Global Quality for Ballard Power Systems
and he also held a series of international manufacturing and
quality positions at Ford Motor Company in the USA, Mexico and
Canada. Mr. Mitchell received a BS degree from Niagara University
and an MBA from Vanderbilt University.
About UQM
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors for the commercial truck,
bus, automotive, marine, military and industrial markets. A major
emphasis for UQM is developing propulsion systems for electric,
hybrid electric, plug-in hybrid electric and fuel cell electric
vehicles. UQM is TS 16949 and ISO 14001 certified and located in
Longmont, Colorado.
For more information, please visit www.uqm.com.
This Release contains statements that constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act and Section 21E of the Securities Exchange Act.
These statements appear in a number of places in this Release and
include statements regarding our plans, beliefs or current
expectations; including those plans, beliefs and expectations of
our management with respect to, among other things, gaining
required certifications, new product developments, future orders to
be received from our customers, sales of products from inventory,
future financial results, liquidity, and the continued growth of
the electric-powered vehicle industry. Important Risk Factors that
could cause actual results to differ from those contained in the
forward-looking statements are contained in our Form 10-K and Form
10-Q’s, which are available through our website at www.uqm.com or
at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721005870/en/
StreetSmart Investor RelationsAnnie Leschin,
415-775-1788orUQM Technologies, Inc.David I. Rosenthal,
303-682-4900
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