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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.610-0.6%3:59 PM EST

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To: BMWIN who wrote (3013)8/17/1998 1:33:00 PM
From: BMWIN  Read Replies (1) of 5827
 
from canada-stockwatch.com

The Globe and Mail reports in its Management section in its Monday edition that
Ballard Power Systems is powering up for production. Reporter Ann Gibbon says
the company is moving from the entrepreneurial research and development phase
to the commercial stage. Over the next six years, it hopes to actually manufacture
and sell its pioneering products. This transition is why former chief financial officer
Mossadiq Umedaly decided to leave. His successor will be named in several
weeks. Mr Umedaly says that when he looks at his own aspirations and those of
Ballard, there is a gap. He had been with the company since 1990. He says this
move to manufacturing is a stage that calls for a narrower focus. Rare is the
executive who admits publicly to leaving a firm because he believes others are
better suited to lead it into the future. Mr Umedaly, however, thinks his decision
was right for Ballard.
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