More information on those appointments
Ballard Power Systems Announces Senior Management Appointments
VANCOUVER, BRITISH COLUMBIA (Nov. 4) BUSINESS WIRE -Nov. 4, 1998--
Ballard Power (NASDAQ:BLDPF) (TSE:BLD.) Ballard Power Systems Inc.
announced today the appointments of Michael Graydon as Vice President
and Chief Financial Officer, Paul Lancaster as Vice President,
Corporate Development and Noordin Nanji as Vice President and General
Counsel.
Mr. Graydon comes to Ballard from Toyota Motor Manufacturing Canada in
Cambridge, Ontario where he most recently served as the General
Manager, Production Control in one of the most successful Toyota plants
in the world for quality and productivity, with production capacity of
200,000 vehicles per year and over 2,500 employees. Mr. Graydon joined
Toyota Motor Manufacturing Canada in its start-up phase in 1987 and
gained valuable experience in finance, systems and production control
through his various positions at Toyota. Before his promotion in
January 1998 to General Manager, Production Control, Mr. Graydon held
the position General Manager, Finance. Mr. Graydon is a Chartered
Accountant and holds a Bachelor of Science from Queens University and a
Masters in Business Administration from McMaster University.
Mr. Lancaster started his career with Ballard in 1990 as Controller and
was promoted to Treasurer and Manager, Investor Relations in 1993. In
June 1998 Mr. Lancaster took on the additional role of Acting Chief
Financial Officer. In addition to his experience through his investor
and media relations activities with the investor community, including
shareholders, investment analysts, brokers and the public, Mr.
Lancaster has played a key role in negotiating and implementing
Ballard's strategic partnerships. Mr. Lancaster is a Chartered
Accountant and holds a Bachelor of Commerce and Bachelor of Laws from
the University of Saskatchewan.
Mr. Nanji comes to Ballard from the law firm of Lang Michener Lawrence
& Shaw where he has been a Partner since 1989. Mr. Nanji's career at
Lang Michener focused on general corporate and securities law with an
emphasis on the technology sector. Mr. Nanji has been Ballard's senior
legal advisor since 1993 and has been involved in all of Ballard's
public financings. He has played a key role in the negotiation of most
of Ballard's strategic partnerships, including the relationships with
Daimler-Benz and Ford. In July 1998 Mr. Nanji was appointed Ballard's
Corporate Secretary. Mr. Nanji holds a Bachelor of Laws from Osgoode
Hall Law School at York University and was called to the Bar in British
Columbia in 1983.
Mr. Graydon's and Mr. Lancaster's appointments are effective November
30, 1998 and Mr. Nanji's appointment is effective December 15, 1998.
"The addition of these three members strengthens the Ballard team as
the Company evolves from research and development to volume
manufacturing," said Firoz Rasul, Ballard's President and Chief
Executive Officer.
Ballard Power Systems is the world leader in the development of proton
exchange membrane fuel cell power systems. At the heart of its products
is the Ballard Fuel Cell, a proprietary zero-emission engine that
converts natural gas, methanol, gasoline, or hydrogen fuel into
electricity without combustion. Ballard Fuel Cells are currently being
used by leading international companies including Daimler-Benz, Ford,
General Motors, Chrysler, Nissan, Honda, Volkswagen, Volvo, Matsushita
Electric Works, GPU International, ALSTOM, EBARA, and Cinergy to
develop zero-emission engines for vehicles and clean stationary power
plants.
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