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.com
ISE Contact:
Gary Willms
Vice President Business Development, ISE Corporation
gwillms@isecorp.com
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