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H. Ravi Brar Named New ECOtality CEO

Stocks in this article: ECTY

SAN FRANCISCO, Sept. 12, 2012 (GLOBE NEWSWIRE) -- ECOtality, Inc. (Nasdaq:ECTY), a leader in clean electric transportation and storage technologies, announced today that H. Ravi Brar will succeed Jonathan Read as the new president and chief executive officer of the company, effective today.

"This is an exciting time for ECOtality and for electric transportation and I am eager to take on the opportunities that lie ahead," Brar said. "As ECOtality begins transitioning from the implementation of our EV Project towards a shift to commercial sales and the launch of our Blink network in new markets around the country, we are perfectly poised to take this growing industry to the next level."

Brar joined ECOtality in November 2010 as chief financial officer. Previously, Brar served as executive vice president and chief financial officer at Exigen Services, Inc., a pre-IPO global software development outsourcing company based in Russia and China. Prior to that, Brar was chief financial officer and chief operating officer for Pac-West Telecom and worked for Xerox in international business development and domestic finance, sales and operational roles for nearly a decade.

"We are excited to have someone of Ravi Brar's leadership caliber ready to step up," said ECOtality board member Andrew Tang, managing director, ABB Technology Ventures. "Ravi's breadth of experience is ideal for ECOtality as it becomes a sales driven organization and grows and expands into new territory. When he came in as CFO, we envisioned him stepping into this CEO role at the appropriate time. That time has now come."

"I am proud of what we have built with ECOtality," Read said, "and there is a tremendous growth opportunity ahead of it. One of the reasons we chose Ravi as CFO was that we knew he would be a great succession candidate. As I move on to explore new ventures after seven rewarding years with ECOtality, I know that with strong leaders like Ravi Brar and our new COO, Murray Jones, I leave this company in good hands."

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