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US: Coda Holdings looks for new CEO

By just-auto.com editorial team | 8 November 2010

Lithium-ion advanced battery systems and all-electric vehicles developer Coda Holdings, has announced the resignation by mutual consent of Kevin Czinger as CEO.

The company has designated Steven Heller as interim CEO and has appointed Mark Jamieson as Chief Operating Officer.

The company said the "realignment" was part of its ongoing plan to set in place a team with manufacturing, marketing and sales strengths.

Czinger will continue his relationship with the company as senior strategic advisor and as a substantial Coda shareholder.

Heller has served as co-chairman of Coda's board and has established working relationships with the executives, employees and business partners of the company throughout the US, China and Europe.

Previously, Heller served for 20 years at Goldman Sachs in positions, including worldwide head of mergers and acquisitions and co-head of the investment banking division.

The board has begun a process to select its new CEO and has asked Daniel Weiss, managing partner of Angeleno Group, a large institutional investor in the company and director of the company, to lead the effort.

Weiss noted: "Mac Heller has the full confidence of the board and is perfectly suited to lead the Coda team in this interim period of transition from an entity that has been focused primarily on engineering and R&D to one that is engaged on a world-wide basis in the sale of advanced power battery systems and electric vehicles."