IBJNews

Structural shakeup means changes at EnerDel

Back to TopCommentsE-mailPrint

The top executive at local lithium-ion battery-pack maker EnerDel Inc. has been promoted to chief operating officer of the company's New York-based parent, Ener1 Inc., as part of a strategic corporate restructuring.

Rick L. Stanley will remain in Indianapolis as Ener1's COO, the company announced Tuesday morning. Stanley, the former president of Pendleton-based Remy International Inc., joined EnerDel a year ago.

The move is part of a plan to realign publicly traded Ener1 into three separate business segments: transportation, utility grid and small-format products.

The company said in a press release that the new alignment reflects the "main directions of development in the rapidly evolving industry. Each segment will be a separate profit-and-loss center headed by its own president, and the changes will be applied in the Americas, Europe and Asia."

EnerDel spokesman Matt Steward said each business segment will carry the Ener1 name. The EnerDel name will now be used more as a brand of advanced batteries, rather than a corporate entity, he said.

EnerDel employs about 300 people between its Hague Road headquarters, a facility in Noblesville and leased factory space in the Mount Comfort area of Hancock County. The company has said it will invest $600 million and hire 1,400 people here over the next several years as it ramps up production to 120,000 battery packs a year.

Thomas C. Goesch, a long-time exec at Delphi Automotive LLP, has been named president of Ener1's transportation group.

Goesch comes to Ener1 after 33 years at Delphi, most recently as managing director for power electronics and hybrid electric vehicle products. Ener1 acquired EnerDel's assets from its former joint-venture partner, Delphi Automotive Systems LLC, in 2008.

Ener1's new transportation group will have two segments: automotive and light-duty, and heavy-duty and military. Ener1 said this structure would make it more responsive to the electric car industry and "more fully engage" demand from the truck and bus sector, as well as U.S. military vehicle electrification programs.

"We have moved to match our functional structure with the growing differentiation and segmentation within this highly dynamic industry," Ener1 Chairman and CEO Charles Gassenheimer said.

In other management changes at Ener1, Jeffrey Seidel has been named chief financial officer after serving as Ener1's corporate strategy chief. Former EnerDel COO Naoki Ota has been appointed chief technology officer. 

The group responsible for electrical utility applications will continue to be headed by Bruce Curtis, who formerly worked as head of product development at First Solar, a top photovoltaic panel maker.

Ener1 said it plans to announce a new leader for its small-format products. The company acquired that business line in the purchase of Korean lithium-ion cell maker EnerTech International. EnerTech is now doing business under the name Ener1 Korea.

The battery packs EnerDel makes locally are for electric vehicles. The company is the supplier for Norwegian electric car maker Think.AX

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.

  2. John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.

  3. I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.

  4. Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.

  5. David Copperfield!

ADVERTISEMENT