iQ International AG Adds Industry Leaders to its Executive Management Team
Zug/Switzerland – 26 September 2020 – iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), a multinational sustainable technologies company publicly traded at the General Standard of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Scottsdale, Arizona, just signed the employment agreements with Messrs. Dennis Brown and Raymond Brown.
iQ International AG just announced that two highly respected battery industry veterans who have served as Advisory Board Members, Messrs. Dennis Brown and Raymond Brown have joined the Company as full time executive officers – Dennis Brown as Chief Marketing Officer and Raymond Brown as Chief Integration Officer, respectively, of iQ Power – the battery division of iQ International AG.
Messrs. Dennis Brown and Raymond Brown have been very active both as Advisory Board members and as active consultants guiding the Company in creating and managing its expansion plans. They have now joined the Company on a full-time basis and will continue for at least two years, subject however, to the closing of the major financing disclosed in our last two previous press releases. Mr. Raymond Brown is currently visiting the two factories that iQ plans to acquire later this year to prepare for factory integration and for the very important planned ABF retrofit.
Dennis Brown: Dennis retired from Interstate Battery, where he served as Chief Marketing Officer from 2004 – 2015. His 40 years of industry experience also included various leadership positions with Johnson Controls International (JCI) Power Solutions, which is now Clarios, a subsidiary of Brookfield Business Partners.
Ray Brown: Ray has spent the past 35 years with a specific focus on the energy storage industry. He retired from JCI in 2010, where he served 30 years in various global leadership roles in the Power Solutions division build-up. Since then, he has served on multiple Boards of Directors, including Amara Raja Batteries Ltd. in India.
“I cannot express the level of importance nor the degree of excitement we have in Dennis and Ray joining the Company. They are pillars of an industry having built a circular economy before the term was popular and which takes pride in being the most recycled consumer item in the world. I genuinely believe that without experts having the moral compass and character the likes of these gentlemen that the industry would not have set such admirable standards nor achieved such milestones. Dennis and Ray are the bedrock for iQ International AG’s planned expansion, and they will be invaluable to the Company’s staffing work as we hire further industry experts to expand and round out our team. The battery industry is in a fluid state right now with two of the top companies recently being sold to private equity. Never before has it been so important to have veterans on the team that have understanding of its fiber and history, and not just chauffeur knowledge” Says Kevin T. Loman, CEO – iQ International AG
iQ International AGiQ International AG is a multinational sustainable technologies company listed at the General Standard of the Frankfurt Stock Exchange. The Company licenses parts of its IP portfolio, and manufactures/distributes highly efficient lead-acid batteries that meet the increased need for cycle life in today’s global automotive and storage markets. Its award-winning innovative technology is used to create superior, long-lasting, OEM-approved Starting-Lighting-Ignition (SLI) batteries. Batteries with iQ International AG technologies are designed to generate better performance in today’s highly electrified vehicles, particularly vehicles with the Start-Stop function. The Company’s technologies have the potential to reduce the carbon footprint of the transportation industry, helping car makers meet the emissions reduction mandates. – For more information, visit www.iqint.com