(Source: PRNewswire)
INDIANAPOLIS, Sept. 10 /PRNewswire-FirstCall/ -- Ener1, Inc. (Nasdaq: HEV) Advanced lithium-ion battery maker EnerDel, Inc. today named Richard L. Stanley as company President. Stanley is a proven leader with 30 years' global manufacturing and management experience and a distinguished record of creating new business lines. The move is one of three new executive appointments designed to position EnerDel for continued success in the next phases of its commercial evolution. The announcements come as automakers worldwide expand their commitment to hybrid and electric drive technologies and new market opportunities emerge in utility grid energy storage.
"Rick is an outstanding team leader who has built his resume through building businesses in both economically challenging times and fast growth cycles," said Charles Gassenheimer, CEO of EnerDel parent company Ener1, Inc. (Nasdaq: HEV). "He has proven that he can consistently deliver growth and profitability under even the toughest conditions. His extraordinary combination of skills, relationships and experience will drive EnerDel's major customer- focused manufacturing programs in a lean, low-cost environment as we transition to full-scale commercial production."
As President of Remy, Inc., the largest division of Remy International (formerly Delco Remy International), Stanley achieved a 58-percent increase in revenue, from $500 million to nearly $800 million, through a combination of organic growth, new customer development and corporate acquisitions from 1998 to 2006, a period when the industry as a whole was facing stiff pressures. He also led the company's entry into new and emerging markets, including a range of technologies for hybrid vehicles, and diversified the customer base by winning new business from Audi, Daimler-Chrysler, Fiat, Ford, Hyundai, Kohler, Nissan and Volkswagen.
Earlier Stanley was Senior Vice President and General Manager of Automotive Systems at Remy International, managing a $250 million business unit with 1,500 employees while increasing pre-tax operating margins (EBIT) five-fold. That followed a 16-year rise through a series of increasingly senior engineering and management positions with GM's Delco Remy Division, culminating as Director of Customer Programs, where he was responsible for $1.2 billion in yearly sales.
Stanley spent the past two years as President of the ATC Drivetrain arm of ATC Technology Corporation, where customers included Allison, Aston Martin, Chrysler, Ford, GM, Honda, Isuzu, Jaguar, Land Rover, Mitsubishi, Opel, Peugeot, Saab and Subaru. Stanley holds a B.S. in Mechanical Engineering from Rose-Hulman Institute of Technology and an M.S. in Manufacturing Management from Kettering University.
"EnerDel is one of a handful of companies playing a fundamental role in transforming the basic technology of automotive transportation," Stanley said.
