New Ricardo, Inc. VP to Spearhead Diversification Into New Markets

AUTO CENTRAL - August 19, 2008: Ricardo, Inc. is accelerating its drive into new business sectors with the appointment of John Moloney as vice president of business development and marketing.

Moloney, who has 22 years of business development, strategic planning, sales and marketing experience in the automotive, transportation, industrial and renewable energy sectors, will focus on expanding Ricardo beyond its traditional automotive base into growth sectors such as commercial vehicles, government and defence projects, clean and renewable energy and advanced technology.

“At a time when many companies are struggling to cope with the dramatic shifts underway in the North American light vehicle market, Ricardo continues to see strong demand for its services due to our ongoing drive to apply our engineering expertise to expanding technology sectors,” said Ricardo, Inc. President Dean Harlow. “The experience and insights John brings will be invaluable as we further diversify our business base, especially in areas such as military technology and wind and solar power which are experiencing explosive growth. As the global demand for energy expands exponentially, John will help ensure Ricardo plays a vital role in developing more efficient and environmentally friendly energy systems."

Moloney joins Ricardo, Inc. from IRN, Inc., a consulting firm specializing in the automotive and transportation industry sectors and providing forecasting, research, and strategic advisory products and services to middle-market suppliers and private equity investors. Prior to IRN, Moloney was vice president of corporate strategic planning and new business development for the Americas at Robert Bosch LLC., a subsidiary of Robert Bosch GmbH. He acted as an independent advisor to the parent company board of management, investigating and developing strategies for expansion and diversification, leading the company to two acquisitions. Moloney directed a cross-divisional profitable growth initiative where he identified 47 projects and booked $2.3 billion in revenue.

Moloney also held various management positions in sales, marketing, product management and engineering during his 20-year career at Bosch, including a two-and-a-half-year assignment in Stuttgart, Germany where he was general manager of global sales and marketing for Restraint System Electronics. He also served as director of sales and marketing for the Electrical and Electronics Division responsible for the Ford and Visteon accounts. He earned his MBA in International Business from the University of Detroit and his BS in finance and marketing from Central Michigan University. Moloney also holds certificates from Carnegie Mellon University’s International General Management program and from the Sanno Institute of Business in Tokyo, Japan.