THINK Makes Management Changes to Speed Up Growth

Electric vehicle producer THINK announced today it has made several new appointments to its top leadership team in order to drive company growth. First off, Barry Engle, previously President & CEO of New Holland Agricultural Equipment, has been named company CEO, replacing Richard Canny.

“I am very excited and energised by the opportunities that lie ahead. THINK is perfectly positioned to capitalize on the growing consumer and governmental interest in electric vehicles. THINK is already a true leader in this segment – with cars on the road today, rapid growth underway and the experience of more than 30 million customer miles of EV experience,”
Engle said in a statement.

Secondly, Richard Canny has been appointed Vice-Chairman of THINK North America. “I am happy to be handing over the THINK CEO role to Barry, someone who I know well and respect highly.  We’ve worked together closely in the past, and I am confident Barry is the best person to guide and grow the company as we move into the next exciting phase. This transition will also enable me to spend more time in the US at home after living mostly in Europe for an extended period,” said Canny.

He will be supporting THINK’s development in the US, with sales scheduled to start at the end of this year and the start of production in Indiana from early 2011 and to develop new revenue streams for THINK by leading business development efforts and strategic alliances.

“These new roles together with the recent hiring of Michael Lock as Chief Marketing Officer put in place a world class management team at THINK as we expand our global reach and leverage our leadership in EV’s and EV drivetrains,” said THINK Chairman Charles Gassenheimer.
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