ISE Corporation Announces Key Executive Promotions
SAN DIEGO, CA, February 1, 2008 — ISE Corporation today announces several executive changes to support the company's continued growth in hybrid drive system operations in North America and Europe. David Mazaika will continue as Chief Executive Officer of ISE Corporation. The company promoted Rick Sander to President and Chief Operating Officer. David Morash, the company's Chief Financial Officer, has assumed the added position of Treasurer. Justin M. Spragg, the company's General Counsel and Corporate Secretary, has been promoted to Vice President, General Counsel and Corporate Secretary.
Mr. Sander, as President and Chief Operating Officer, will have management responsibility for all company operations. He is responsible for leading engineering and product development, manufacturing, service, quality, supply chain management, and business development activity for ISE.
Mr. Sander brings over 24 years of extensive manufacturing, supply chain management, quality, engineering and general management. Previously, he was VP of World Wide Operations for SMT Corporation, which included eight manufacturing sites around the world. Prior he was General Manager, VP of Operations and Engineering of JNI Corporation. Prior to JNI, Mr. Sander held a number of key positions at a diverse set of companies, including Maxwell Technologies, Cymer, Bombardier, PACCAR - Kenworth, and Hewlett Packard. Mr. Sander holds an MBA from San Diego State University and a BS in Engineering from Oregon State University.Mr. Morash, as Chief Financial Officer and Treasurer, will be responsible for all ISE's financial reporting, financing activities, budgeting and financial planning as well as IT, Human Resources and Insurance.
Prior to joining ISE, Mr. Morash was San Diego practice director for Cerius Consulting, which provides executive-level consulting service to small and mid-sized companies throughout Southern California. He served as a member of the Board of Directors of Axesstel, Inc. and its President, COO and CFO during 2004 and 2005. From 2001 to 2003 Mr. Morash served as Executive Vice President and Chief Financial Officer of REMEC, Inc., a major manufacturer of wireless infrastructure for defense and commercial use. In 1994 Mr. Morash moved to San Diego as EVP and CFO of Safeskin Corporation, the leading supplier of latex exam gloves. Prior to its sale to Kimberly Clark, Safeskin was named by Forbes as the "Best Small Company" in the US and was on Business Week, Fortune and Inc.'s lists of hot growth companies. Mr. Morash has successfully completed numerous debt and equity financings for a range of companies, headed their Mergers and Acquisitions activities, and been responsible for the finance, accounting, human resource, legal, insurance, and IT departments. Mr. Morash holds an MBA from Columbia Graduate School of Business and a BA from Columbia College.Mr. Spragg, as Vice President, General Counsel and Corporate Secretary, will be responsible for all legal affairs of the company.
Mr. Spragg has served as ISE's General Counsel since June 2004 and was elected Corporate Secretary in August 2005. Prior to joining ISE, Mr. Spragg was an associate at Heller Ehrman LLP, a national law firm, where he worked as a corporate transactional attorney from 1999 to 2004, representing both public and private companies in the technology industry, including ISE. Mr. Spragg holds a B.A. degree in Economics from the University of California, Irvine and a J.D. degree from the University of San Diego School of Law.About ISE Corporation:ISE Corporation, based in San Diego, CA, is a leading supplier of hybrid drive systems and components for heavy-duty vehicles such as buses, trucks, trams, airport equipment, and military vehicles. ISE is a world leader in electric, hybrid-electric, and fuel cell technologies, and the only authorized distributor of Siemens ELFA® electric and hybrid-electric drive components for the U.S. transit bus market.
www.isecorp.comContact:Gary Willms
Vice President of Business Development, ISE Corporation
gwillms@isecorp.com# # #
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