Powerway CEO elevated to chairman

Powerway Inc., an Indianapolis-based developer of manufacturing quality control software, today gave CEO H. Dave Chambliss the additional title of chairman.

Prior to his association with Powerway, Chambliss was chief operating officer for Georgia-based Visiprise Inc., which specializes in integrated manufacturing operations solutions. While at Visiprise, he led operations through the company’s acquisition of HMS Software & RSS Solutions and managed the integration of the organizations.

Powerway grew like gangbusters in the 1990s and aimed for an initial public offering. But the company has endured a tough half-decade. The company shrank to about 65 employees – one-fifth the number at its peak.

Chambliss was hired in January 2007 because of his reputation as an IT industry turnaround expert.

Chambliss replaced William Hagerty and Dave Peterson, a pair of venture capitalists and Powerway investors. They served as co-interim CEOs after auto industry veteran Ted Wozniak stepped down in 2005.

In the last two years, Powerway has aimed to diversify beyond the battered U.S. auto industry into aerospace and defense.

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