PHOENIX, Dec 16, 2009 (BUSINESS WIRE) —-ECOtality, Inc. (OTCBB: ETLE), a leader in clean electric transportation and storage technologies, announced today the addition of three new board members: Mr. Dave Kuzma, former President of Sempra Energy Resources and Chief Financial Officer/Treasurer of three Fortune 500 companies; Mr. Jack Smith, Inventor and Co-founder of Hotmail; and Mr. Daryl Magana, Founder of BidCom.
“The addition of these key board members provides an outstanding balance of clean energy, technology and public company experience that will greatly assist ECOtality as we prepare to capitalize upon our early success within the rapidly emerging EV market,” stated Jonathan Read, President and CEO of ECOtality. “As the global demand for electric vehicles continues to increase, the importance of a diverse and knowledgeable Board of Directors will play an instrumental role in positioning the Company as the immediate market leader in both the international and domestic markets. These independent appointments now bring our board into compliance with NASDAQ listing requirements and represent a major milestone for the Company as we prepare to apply for our listing. ECOtality will leverage the Board of Directors’ expertise and industry relationships in order to capitalize on the growing EV market, increase revenue and improve shareholder value.”
Mr. Dave Kuzma is former president of Sempra Energy Resources and Chief Financial Officer/Treasurer of three Fortune 500 companies. Sempra is a diversified energy company involved in electric generation, oil and gas drilling, pipelines and gas processing. Prior to Sempra Energy, Mr. Kuzma was Chief Financial Officer and treasurer of Enova Corporation, which is the parent company of San Diego Gas & Electric (SDG&E) and several other US-based subsidiaries, for which he also served as CFO/Treasurer. He also served as the Chief Financial Officer and Senior Vice President at Florida Progress Corporation. Mr. Kuzma began his career as an auditor for Price Waterhouse, after which he joined Consolidated Natural Gas Company of Pittsburgh. There he held the positions of Manager of Finance, Director of Internal Auditing, Assistant Treasurer, Finance Treasurer and Vice President and General Manager during his 20-year career with the company.
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