<< home

Insight Marketing - Client News
Wednesday, August 01, 2007
MAXWELL TECHNOLOGIES APPOINTS DAVID SCHRAMM PRESIDENT & CEO
ROSSENS, Switzerland Maxwell Technologies, Inc. (Nasdaq: MXWL) announced
that it has appointed David J. Schramm president and chief executive
officer, replacing Richard D. Balanson, PhD, who will remain a
part-employee of the company, functioning as a senior technical advisor.


Schramm, 58, has spent the bulk of his 36-year business career in a
series
of senior management and engineering positions with General Motors and
its
primary Tier I parts supplier, Delphi Automotive Systems and several of
their divisions and subsidiaries. More recently, he was president and
CEO of
EADS North America Defense Test and Services, the US subsidiary of the
corporate parent of Airbus, and immediately before that was president
and
CEO of Arrowhead Products Corp., a leading supplier of specialty systems
to
the aerospace and automotive industries.

Balanson said that Schramm's automotive and aerospace industry
experience
and contacts and strong technical background give him ideal credentials
to
accelerate the transition of the company's core ultracapacitor business
from
basic research and product development to high-volume production of
energy
storage components and systems for transportation and industrial
applications worldwide.

"We believe that the company is at an inflection point, so the time is
right
for this transition," Balanson said. "David understands what Tier I
automotive suppliers and transportation and industrial OEMs expect from
a
components supplier such as Maxwell, and he has the demonstrated
leadership
and operational skills to guide the company through the next phase of
its
growth and development."

Commenting on behalf of Maxwell's board of directors, Chairman Edward
Caudill said, "We are pleased that Rich Balanson has agreed to stay on
as a
key advisor, and we acknowledge his outstanding contributions in
building
the company's management team and creating a robust suite of
industry-leading ultracapacitor products from what was little more than
a
promising technology when he joined Maxwell in 1999."

Schramm holds a bachelor of science degree in chemical engineering from
the
Rose-Hulman Institute of Technology in Terre Haute, Indiana, and a
master's
degree in management from Stanford University, where he was a Sloan
Fellow.
He has been active in numerous civic, philanthropic and educational
organizations in Orange County, California, where he currently resides.

Maxwell is a leading developer and manufacturer of innovative,
cost-effective energy storage and power delivery solutions. Our
BOOSTCAP(R)
ultracapacitor cells and multi-cell modules provide safe and reliable
power
solutions for applications in consumer and industrial electronics,
transportation and telecommunications. Our CONDIS(R) high-voltage
grading
and coupling capacitors help to ensure the safety and reliability of
electric utility infrastructure and other applications involving
transport,
distribution and measurement of high-voltage electrical energy. Our
radiation-mitigated microelectronic products include power modules,
memory
modules and single board computers that incorporate powerful commercial
silicon for superior performance and high reliability in aerospace
applications. For more information, please visit our website:
http://www.maxwell.com.

Contacts:
Media: Nick Daines, +44 (0)115 8412109 ; Email: ndaines@insightmkt.com
Alternative Media Contact: Regula Sollberger, rsollberger@maxwell.com
Sales & Technical: Europe: Raphael Waeber, tel. + (41) 264118553,
rwaeber@maxwell.com

 

This feed contains news releases issued by the technology clients of Insight Marketing and Communications Ltd

www.insightmkt.com





Subscribe with Bloglines
Archived News
November 2004
December 2004
January 2005
February 2005
March 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
October 2007
November 2007
January 2008