DGAP-News: iQ Power AG / Key word(s): Change of Personnel
Operations Director for iQ Power Group Appointed
12.12.2011 / 11:00
---------------------------------------------------------------------
Operations Director for iQ Power Group Appointed
Zug/Switzerland, 12 December 2011, iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB): Effective immediately Dr. Michael (Mike) McDonagh,
Abergavenny, Wales, UK, will assume the position of Operations Director for
the iQ Power Group.
Dr. McDonagh will be responsible for all technical and production
activities within iQ Power AG and its affiliated companies, with special
emphasis on the Maribor and Brcko facilities. Plant management and the
technical, quality and R&D directors will report to him.
In addition to having more than 30 years of practical experience
manufacturing and designing lead/acid batteries for automotive and
industrial applications, Dr. McDonagh was also responsible for building and
managing several battery plants in the UK. His broad experience also
encompasses the most modern methods for battery recycling, including all
efficiency and environmental aspects of smelting and refining lead,
advanced battery chemistry, error-proof and effective quality management
systems, and state-of-the-art battery production practices.
*Dr. McDonagh has won several awards including the SMART Award (UK) for
the design of heavy duty maintenance-free batteries and the PHARE Award for
the design and series production of Romanian rail batteries and charging
systems.
*He also serves as a consultant to many lead/acid battery companies in
Europe and Asia.
*Dr. McDonagh was managing director and shareholder of a small battery
company in the UK, and was the chief of R&D as well as production manager
for many leading battery companies, such as Crompton Battery and FIAMM UK.
Charles Robert Sullivan, the CEO of iQ Power AG, had this to say about
Dr. McDonagh, 'Mike is one of those rare individuals who is not only an
accomplished scientist, but also a leader with superb practical management
skills and abilities. This is precisely the kind of expertise that will be
required for the integration of Tesla in Brcko, Bosnia-Herzegovina,
particularly in terms of implementing quality systems and enhancing
manufacturing efficiency. Mike is someone whom I can trust to help shoulder
the load of management and take iQ Power Group to the next level, and I
look forward to having him on board.'
The Board of Directors
About iQ POWER
iQ Power AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company's many achievements include the development of the world's first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
operational portfolio.
The company's operational element is iQ Power GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug
(Switzerland), iQ Power AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Company Contact:
iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
info@iqpower.com
www.iqpower.com
Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22
iQPower@gfei.de
www.gfei.de
End of Corporate News
---------------------------------------------------------------------
12.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: iQ Power AG
Metallstrasse 9
6304 Zug
Switzerland
Phone: +41 41 7680360
Fax: +41 41 768 03 68
E-mail: investor-relations@iqpower.com
Internet: www.iqpower.com
ISIN: CH0020609688
WKN: A0DQVL
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
149374 12.12.2011
DGAP-News: Operations Director for iQ Power Group Appointed
| Quelle: EQS Group AG