Amerigon Names Former Ford, Magna Executive Carlos E. Mazzorin to Board of Directors
Date : 08/24/2011 @ 1:39PM
Source : PR Newswire
Stock : Amerigon Incorporated (MM) (ARGN)
Quote : 12.68 -0.06 (-0.47%) @ 2:07PM
Amerigon Names Former Ford, Magna Executive Carlos E. Mazzorin to Board of Directors
Amerigon Incorporated (NASDAQ-GS: ARGN), a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications, today announced that senior automotive executive Carlos E. Mazzorin has been named to its Board of Directors, effective August 24, 2011. In addition, the Board has voted to increase its size from seven to eight directors with Mazzorin filling the vacancy created by the increase.
Mazzorin, 69, has more than 40 years of experience in the automotive industry, having worked at General Motors Corporation and Ford Motor Company in progressively responsible Supply Chain and operations management positions. He retired from Ford in 2002 after 30 years of service at which time he held the position of Group Vice President of South America and Asia Pacific Operations and Global Purchasing.
Amerigon Chairman Oscar B. (Bud) Marx said, "Carlos is an exceptional addition to our Board, and his counsel and participation will be extremely valuable. I had the pleasure of working with Carlos in the past while we were both at Ford so I know first-hand the quality and value of the contributions he can bring to our Board and to Amerigon. He has extensive experience in the automotive industry, and is well-known and respected in U.S. and international business circles."
Mazzorin most recently spent eight years at Ontario, Canada-based Magna International. From 2007 to 2010, Mazzorin served as the President and Chief Operating Officer of Magna Electronics, Inc. Prior to that, beginning in 2002, he served as the President and Chief Operating Officer of Magna Mirrors.
Mazzorin currently serves on the Boards of Directors of two privately-held companies, Bombardier Recreational Products (BRP), a world leader in the design, manufacturing, distribution, and marketing of motorized recreational vehicles and powersports engines, and Management Engineers Consulting.
Mazzorin graduated from General Motors Institute of Technology (today Kettering University) after completing a two year supply chain studies program. He also completed Business Administration studies in the University of Buenos Aires, Argentina. He currently resides with his wife in Bloomfield Hills, MI.
About Amerigon
Amerigon (NASDAQ-GS: ARGN) is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Automotive products based on Amerigon technologies include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, heated seat and steering wheel systems, cable systems and other electronic devices. Its advanced technology team is developing more efficient materials for thermoelectrics and systems for waste heat recovery and electrical power generation for the automotive market that also have far-reaching applications for consumer products as well as industrial and technology markets. Amerigon has $500 million in annual revenues and 5,000 employees in facilities in the U.S., Germany, Mexico, China, Canada, Japan, England, Korea and the Ukraine. For more information, go to www.amerigon.com.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including, but not limited to, its Form 10-Q for the period ended June 30, 2011, and its Form 10-K for the year ended December 31, 2010.
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SOURCE Amerigon Incorporated
