Coda Automotive appoints GM veteran as CEO

Summary:Electric automaker Coda Automotive appointed former GM exec Phil Murtaugh, a veteran of the Chinese market, as CEO.

Another electric car company, another chief executive to lead it.

Santa Monica, Calif.-based electric automaker Coda Automotive on Friday appointed industry veteran Phil Murtaugh as chief executive officer. He replaces interim CEO Steven "Mac" Heller, who will become executive chairman.

Murtaugh comes to Coda from the Chinese division of General Motors, where he spent 15 years growing the unit to a 15,000-employee operation with more than $7 billion in revenue.

Murtaugh brings that expertise to Coda, which expects to locate most of its manufacturing efforts in the Asian country. With $76 million in new funding and a joint venture with Tianjin's Lishen Power Battery in place, the company is looking to begin constructing its own retail locations in well-trafficked areas.

Coda founder and co-chairman Miles Rubin will become chairman emeritus, but remain a company director.

This post was originally published on Smartplanet.com

Topics: Innovation

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Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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