Electrovaya appoints Halka as executive VP, CFO

2015-07-17 07:27 ET - News Release

Mr. Sankar Das Gupta reports

ELECTROVAYA ANNOUNCES APPOINTMENT OF RICHARD HALKA AS EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER

Electrovaya Inc. has appointed Richard Halka as executive vice-president and chief financial officer.

"Richard is an accomplished executive with significant financial and operational expertise and is an exceptional addition to our team," said Sankar Das Gupta, Chairman and Chief Executive Officer of Electrovaya. "Richard's depth of experience in managing rapid growth of high-tech products in a global context will be a tremendous asset for Electrovaya's immediate future as it rapidly scales for expansion across its Smart Grid, Motive Power, Automotive and Battery Component markets and as it integrates its recent acquisition of the 0.5GWh battery plant that was formerly a Daimler-Evonik joint operation."

Prior to joining Electrovaya, Richard Halka led several high-tech companies as EVP and CFO during periods of growth, strategic realignments, financial restructuring and organizational change. He blends significant North American and European operating and financial experience. He was EVP & CFO of Iridium Satellite, then the world's largest commercial satellite network operator, where he led its private-equity backed turnaround. Similarly he was EVP & CFO of Stratos Global Corporation, a TSX-listed company where he oversaw the integration of 4 acquisitions, directed and led its rapid growth as it became the fastest growing company for its period in Canada and 4th fastest in North America. In addition, Richard has held leadership positions on NASDAQ listed companies, several European based companies and was also formerly a Management Consulting Partner with KPMG. He holds a Canadian CPA and CA.

"It is a tremendous opportunity to join Electrovaya at such an exciting time," notes Halka. "Electrovaya is at the forefront of product development that enables critical value-add for the future of the Smart Grid, Motive Power, Automotive and Battery Component markets. Its commitment to innovation and market leadership, when combined with its recent 0.5 Giga-plant acquisition, give Electrovaya both the product and production footprint to be poised for growth."

Richard Halka succeeds Paul L. Hart in the role of CFO.

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