Seasoned Executive Brings Investment Banking and Corporate Finance Expertise to Electric Vehicle Charging Firm
Car Charging Group, Inc. (OTCQB: CCGI) (“CarCharging”), a nationwide owner, operator, and provider of electric vehicle (EV) charging services, announced today that, effective immediately, Donald Engel has been appointed to its Board of Directors. Mr. Engel has over 40 years experience in investment banking and corporate finance. His appointment brings the number of CarCharging board members to six.
Mr. Engel served as Managing Director and consultant at Drexel Burnham Lambert for 15 years. Mr. Engel managed developed new business relationships and represented clients such as Warner Communications and KKR & Co., L.P. Mr. Engel also served as a consultant to Bear Stearns and as a Director of such companies as Revlon, Uniroyal Chemical, Levitz, Banner Industries, Savannah Pulp & Paper, and APL Corp. In the last decade, Mr. Engel consulted to Morgan Joseph TriArtisan.
“I’m delighted to welcome Don to our board. He brings several decades of investment banking experience to the company, and his strong financial background and expertise developing growth-oriented businesses, along with a strategic outlook and entrepreneurial spirit, make him an excellent fit for CarCharging,” said Michael D. Farkas, CEO of CarCharging. “We are fortunate to have such an esteemed individual join us at this pivotal time in our expansion.”
“Don is a seasoned executive with in-depth knowledge of corporate finance, and his background across a variety of disciplines and extensive leadership experience will make him an asset right from the start,” added Governor Bill Richardson, CarCharging’s Chairman of the Board. “He has already provided contributions to our go-forward growth plans, which is a critical area for the company, given the rapidly changing nature of our business.”
“I look forward to working in this fast-paced industry, where CarCharging is helping to lead a revolution in electric vehicle ownership,” said Mr. Engel. “It is an exciting time to be involved in the future of transportation.”
