Think Appoints CEO of Ducati North America to Run Global Marketing and Strategy

Michael Lock to Direct all Brand and Commercial Development Operations

DEARBORN, MI - August 6, 2010: THINK announced that Michael Lock will join the company as Chief Marketing Officer (CMO), effective August 9, 2010. This builds on recent appointments to all areas of THINK's senior leadership team including business development, sales and service, finance and human resources.

Michael Lock (file photo)

Lock, a British national, has spent most of the last decade in management positions within Ducati, a premium brand European motorcycle manufacturer. During his seven year tenure as CEO of Ducati North America, Lock oversaw the restructuring of the company and product distribution, restoring profitability and taking sales volume and market share to record levels. Lock's previous experience includes senior marketing and brand development positions at Honda Motor Europe, Triumph Motorcycles USA and Triumph Motorcycles UK.

"I am delighted to be joining the pioneering team at THINK at an embryonic phase in this exciting new industry,” commented Lock. “THINK has some of the most sophisticated electric vehicle technology on the market, with potential to become a household name as demand for EVs grows in cities all over the world. I am encouraged by the initial customer response to the THINK City, and believe this is a solid foundation for growth as the company embarks on a focused roll-out of its first urban offering, and plans for future vehicle generations."

"Michael has an impressive track record of establishing premium brands in new markets," said THINK CEO, Richard Canny. "He joins THINK at a time when we are significantly expanding our global reach, moving beyond Europe to address the significant opportunities we are seeing open up in the US and China. Attracting talent like Michael is testimony to how much THINK has grown, and we are truly excited about the value he can create at such a pivotal time."

Under Lock, Ducati received the prestigious Top Brand in Customer Satisfaction (USA) award in 2009, awarded by Pied Piper. Lock holds an MBA in International Brand Management from the Cardiff Business School in Wales, UK, and will live in Oslo, Norway.

About THINK
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.

THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.