CODA Names New CEO
Steven Heller, executive chairman of CODA Holdings, has agreed to continue his substantial involvement with CODA and has become the company's executive chairman.
Mr Murtaugh was employed by General Motors (GM) for more than 30 years in various management and executive-level positions. From 1996 to 2000, he served as executive vice president of Shanghai GM, and from 2000 to 2005, as chairman and CEO of GM China.
Following GM, Murtaugh served as executive vice president, international operations for Shanghai Automotive Industry Corporation. In his next executive role, Mr Murtaugh was CEO, Asia operations for Chrysler. Most recently, he has been a director of lear corporation, and a consultant and advisor to numerous large sales and manufacturing companies.
Miles Rubin, CODA's founder and co-chairman, will retire as co-chairman but continue his active involvement as a director and the company's largest shareholder.
Mr Murtaugh said: â€œI look forward to joining an experienced group of professionals on CODA's management team and board in California and abroad. It is impressive to see all that they have accomplished in such a short period of time, from the formation of international partnerships to green technology breakthroughs that are truly world class.â€
â€œTogether, I am confident that we will accelerate the adoption of clean technology that will better the environment, create new jobs and move the automotive industry in a positive direction.â€
Will Mr Murtaugh's experience benefit the firm?
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