ECD Announces Thomas S. Neslage to Assume New Position Of Senior Vice President, Global Sales and Marketing
9 November 2000
ECD Announces Thomas S. Neslage to Assume New Position Of Senior Vice President, Global Sales and Marketing
TROY, Mich., Nov. 9 Energy Conversion Devices, Inc. (ECD)
announced today the creation of a new position, Senior Vice
President of Global Sales and Marketing. The new position will oversee
development of cohesive corporate and product brand management coupled with
marketing and sales strategies for all ECD products and services. Efforts
will be focused on better leveraging the company's current leading-edge and
emerging technologies in the marketplace. This new role will also further
define and deliver on customers' requirements in an ever increasingly
competitive and global marketplace for all ECD operating units and joint
venture companies.
Thomas S. Neslage, formerly president of Texaco Global Products, has been
named to this position, and reports directly to Mr. Robert C. Stempel,
chairman of ECD, and Mr. Stanford R. Ovshinsky, president and CEO of ECD.
Stan Ovshinsky and Dr. Iris Ovshinsky, vice president of ECD, commenting
on Tom Neslage joining ECD, said, "We're very pleased to have Tom, a seasoned
and creative business leader, join ECD. He will be involved in the ongoing
core strategy development process within ECD and we welcome his perspective.
We're seeking to maximize shareholder value and Tom will be a great addition
to our outstanding team."
Commenting on the creation of this new position, Bob Stempel stated, "This
new position will help us focus on bringing ECD's technologies to the
marketplace in a more timely and effective manner. Tom Neslage's extensive
international management experience will play a key role in our quest to make
ECD products and services the choice of consumers around the world."
Tom Neslage graduated from Texas Tech University in 1974 with a Bachelor
of Arts degree in marketing and management, and earned a Masters of Business
Administration degree from the University of Tulsa in 1977. He completed
Columbia University's program for Global Management Development in 1989.
He joined Skelly Oil Company in Tulsa in 1974, which later became a part
of Getty Oil Company in 1977. Getty subsequently merged with Texaco in 1984.
Neslage was named Regional Marketing Manager in 1987, and later named Director
of Credit Card and Automated Marketing Systems in 1988. He was appointed
Director of Quality for Texaco Refining and Marketing Inc. (TRMI) in 1990.
Tom Neslage was named General Manager, Texaco A/S located in Copenhagen,
Denmark, in July 1991. In 1994, he was appointed Managing Director and Chief
Executive Officer of the Hydro-Texaco joint venture, which markets fuels and
lubricants throughout Scandinavia and the Baltic Region. In that position,
Neslage also served as Board Chairman for the various national operating
companies. Most recently, he founded Texaco Global Products in 1996. In this
position, he had oversight responsibility for all lubricant, coolant and fuel
additive technology development, sales and marketing activities within Texaco
and affiliate companies worldwide. In 1998, Neslage also assumed the role of
Vice President of Marketing for Texaco Inc. He currently serves as Board
Chairman of Fuel and Marine Marketing, a leading global marine fuels and
lubricant marketing joint venture between Chevron and Texaco.
ECD and its network of business partners and licensees are manufacturing
cutting-edge products in three rapidly growing global markets: energy
generation, energy storage and information technology. ECD designs and builds
manufacturing machinery that incorporates its proprietary production
processes, maintains ongoing research and development programs to continually
improve its products and develops new applications for its technologies.
ECD's web site address is http://www.ovonic.com .
This release may contain forward-looking statements within the meaning of
the Safe Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on assumptions which ECD, as
of the date of this release, believes to be reasonable and appropriate. ECD
cautions, however, that the actual facts and conditions that may exist in the
future could vary materially from the assumed facts and conditions upon which
such forward-looking statements are based.