Ideal Power Inc. Announces Corporate Restructuring; Announces Executive Management Changes
In conjunction with the corporate restructuring, the following executive management changes were made: Chairman of the Board, Dr. Lon E Bell appointed Chief Executive Officer and President of Ideal Power. Former Chief Executive Officer Dan Brdar appointed Chief Commercial Officer of B-TRAN division. Chief Financial Officer Tim Burns will manage Power Conversion Systems business development, purchasing and customer support functions in addition to his continued role as Chief Financial Officer. Vice President of Engineering Uwe Uhmeyer will manage Power Conversion Systems R&D activities. Power electronics thought leader Dr. Ted Lesster appointed to the company's board of directors.