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Saturday, January 22, 2011
Electric Vehicle Makers, CODA Holdings, Appoint Phil Murtaugh CEO
Today, the Santa Monica, Calif.-based maker of electric vehicles and batteries, CODA Holdings, appointed auto industry veteran Phil Murtaugh as chief executive officer. On a conference call, CODA's interim CEO Steven "Mac" Heller described Murtaugh as someone who believes "the automotive industry can innovate rapidly and be more responsible as a global citizen," and is deeply experienced in building American auto businesses in Asia. Earlier this month, the company raised a $76 million bringing its equity funding to about $200 million, sparking IPO rumors. Murtaugh previously worked as chairman and chief executive officer of GM China. Over a decade, he grew GM?s presence there from fifteen employees in its Shanghai operations to 15,000 employees throughout the country, increasing the unit?s revenue from $300 million to more than $7 billion. In brief, Murtaugh discussed CODA's plans in Asia, and how he will leverage his experience on behalf of the younger car company...
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