Monday, August 30, 2010

CODA Automotive Names CFO

Santa Monica-based CODA Automotive, the developer of electric vehicles, said today that it has named Mark Jamieson as its Chief Financial Officer. According to CODA, Mark was most recently Executive Vice President and Chief Financial officer at HD Supply, and also served as CFO of Ryder Systems and GE Industrial Systems. The company said that Jamieson will manage the company's finance, human resources, information technology, and recruiting. CODA is developing an electric vehicle, the CODA Sedan, which it says it expects to begin shipping sometime this year. The firm recently raised $58M in a Series funding round in May, and has now raised more than $125M in total capital. The firm also has a joint venture with Lishen Power Battery backed by $327M in long term credit and $100M in equity to develop batteries for the CODA Sedan.

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