Dan Cohen appointed Better Place acting CEO

Cohen replaces Evan Thornley who unexpectedly resigned last week over differences of opinion with Idan Ofer.

Electric car venture Better Place has appointed Dan Cohen as acting CEO. He replaces Evan Thornley who unexpectedly resigned last week after only three months in the job, having replaced the company's founder Shai Agassi. Cohen who previously served as VP strategy for four years will also serve as CEO of Better Place Israel. Cohen has in the past also worked for a private equity firm that focuses on investments in the Far East.

Sources inform "Globes" that Thornley, who previously served as CEO of Better Place Australia, stepped down over differences of opinion with the company's largest shareholder Israel Corporation (TASE: ILCO) and Better Place chairman Idan Ofer over the future direction of the electric car venture. Thornley believed that Better Place should take a more global perspective rather than focus on its core markets of Israel and Denmark.

Former Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) CFO and Deputy CEO Alan Gelman has strengthened his position within the electric car venture. He will continue to serve as Better Place VP CFO and has also been appointed chairman Better Place Denmark and a director of Israel Corp.

Published by Globes [online], Israel business news - www.globes-online.com - on January 22, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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