The Jerusalem Post annual conference: 7 Israeli ministers will meet you there!
Electric carmaker Better Place ousts Agassi as CEO
ByNADAV SHEMER
October 2, 2012 15:23
Evan Thornley, CEO of the company's Australian branch replaces founder Agassi, who stays on as board member, shareholder.
THE FLUENCE ZE (Zero Emission)

THE FLUENCE ZE (Zero Emission) 390. (photo credit:Nadav Shemer)

Israeli company Better Place dismissed Shai Agassi as chief executive officer Tuesday, replacing him with Evan Thornley, CEO of its Australian branch.

Agassi, who founded the company in 2007, will continue to serve as a board member and shareholder. The reason for his dismissal was not made public.



Be the first to know - Join our Facebook page.



Better Place unveiled its electric car network in Israel and Denmark earlier this year, opening dozens of battery switch stations in both countries to support the commercial launch of Renault’s Fluence Zero Emission electric vehicles. Only about 1,000 cars have been sold so far, considerably below the company’s expectations.

The electric car company has raised around $800 million in funds since its establishment, but incurred $490 million in losses.

“Five years ago, I followed my passion to make the world a better place and founded a company to materialize that vision,” Agassi said in a press statement released by Better Place.

“Very few people are blessed to see such a grand vision become a proven reality within a relatively short time frame. I am proud of the Better Place people and the team that I am leaving behind who will take this company to the next chapter.”

Thornley was appointed CEO of Better Place Australia in January 2009. He came to the company following a successful career as an entrepreneur and a politician, serving as a member of parliament and as parliamentary secretary to the premier of the Australian state of Victoria.

“Four years ago, Shai asked me to join the Better Place mission and bring it to Australia. It has been my pleasure to lead the effort along with my colleague CEOs in Israel, Denmark and now the Netherlands,” Thornley said.

“Today, it is an honor for me to step up and lead this fantastic global team on a day-to-day basis.”
Relevant to your professional network? Please share on Linkedin

Tags:
  • business
  • better place
  • Prev Article
    CBS: Housing demand hits 13-year high
    View of Jerusalem construction project.
    money
    Your investments: Common mistakes retirees make
    Next Article
    Share this article via
    from around the web
    Related Content
    The Teva Pharmaceutical Industries
    April 30, 2015
    Teva doubles down on Mylan, despite rejection

    By GLOBES, NIV ELIS

    Top Stories
    Israel Weather
    • 10 - 24
      Beer Sheva
      9 - 20
      Tel Aviv - Yafo
    • 12 - 19
      Jerusalem
      10 - 20
      Haifa
    • 13 - 27
      Elat
      10 - 24
      Tiberias