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ECOtality (ECTY) Appoints Ravi Brar as Chief Financial Officer

Yesterday, ECOtality publicly named Ravi Brar as their new Chief Financial Officer. This marks Brar’s entry to the company, and while ECOtiality’s previous CFO Barry Baer will stay with the company, it will be in a new capacity as a consultant assisting the company during the transition.

Located in San Francisco, ECOtality is a manufacturer of electric transportation and storage technology. Their goal is advancing green electric transportation tech to phase out and replace fossil and carbon-based fuels.

Ravi, who has an MBA from the Katz Graduate School of Business (University of Pittsburgh), has nearly 20 years of experience. His most recent position was as EVP and CFO at Exigen Services, a software development outsourcer, from 2007 until this year. Previously, Brar was CFO and COO at Pac-West Telecom, where he led the company through an IPO, restructuring, several acquisitions and capital raising plans.

“We thank Barry for his contributions as CFO at ECOtality, especially for his guidance in helping the company transition from the Over the Counter Bulletin Board to the NASDAQ exchange. Barry worked to establish a strong financial foundation for ECOtality, and as a director he will continue to lend his expertise to the company,” stated Jonathan Read, CEO of ECOtality. “We are excited to add Ravi to our executive team. Ravi is an experienced and accomplished executive with a solid background in finance and investor relations, and well versed in the needs of a Company’s financial and reporting needs as we achieve geometrically larger new levels of revenue and earnings. We are confident that Ravi will play a vital role in our continued fiscal growth.”

“ECOtality is developing innovative electric charging solutions that result from the company’s unique combination of industry experience and research,” commented Ravi Brar. “In addition we are currently rolling out the world’s largest network of commercial and residential charging stations for the next generation of EVs. I very much look forward to joining ECOtality and working with the executive team to drive the Company’s growth in an industry that is vital to our economy and our environment.”

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