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UQM Technologies, Inc. (UQM) Announces Appointment of Former Chrysler Group Chief Operating Officer, Eric Ridenour, as President and Chief Operating Officer

UQM Technologies, Inc., a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets, recently announced that the company has appointed Eric Ridenour, former chief operating officer of the Chrysler Group, to the position of president and chief operating officer, effective September 1, 2010. In addition, Mr. Ridenour will become the chief executive officer for the company on December 1, 2010. The current CEO, William G. Rankin, will continue as the chairman of the company’s board of directors.

With more than 26 years in the automobile industry, Mr. Ridenour began his career as a powertrain engineer with General Motors Corporation. He also served for 21 years with the Chrysler Group where Mr. Ridenour held a series of progressively responsible positions, including director of advanced vehicle engineering, vice president of product planning, vice president of the premium vehicle product team, executive vice president of product development and quality, and chief operating officer and member of the board of management at DaimlerChrysler AG.

William G. Rankin, UQM Technologies’ chairman and chief executive officer, stated, “We are excited to have Eric join the company as we begin the next phase of our growth.” Mr. Rankin continued, “Eric’s decades of experience in the automobile industry and extensive experience as a senior manager in a variety of important roles at Chrysler make him the ideal person to lead our company into the future.”

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