Blink Charging Co., an owner, operator and provider of electric vehicle (EV) charging station products and networked EV charging services, announced a strategic evolution of its management team. Blink’s Board of Directors has named Michael D. Farkas to resume the role of Chief Executive Officer, effective immediately.
Farkas, the company’s founder, has over 25 years of experience and an established track record as a principal investor in growth companies. Additionally, he has been very active in guiding their capital markets and M&A activities across a variety of industries including automotive, retail, telecommunications, agriculture and aerospace.
“Blink is exceptionally positioned to capitalise on the rampant growth in the EV market,” said Farkas. “Our company has spent the last few years developing best in class technology, and we are now ready to accelerate the delivery of our innovative solutions to the market at scale. With new products already entering the market, a strong balance sheet and what we believe is the best team in the business, we are poised for growth.”
Farkas succeeds Mike Calise, who will transition into the role of Senior Vice President of Sales. In this role Mr. Calise will continue his focus on the success of Blink’s strategic sales initiatives, including the launch of its next generation products.
The Board also announced that James Christodoulou, currently the President of Blink, has been appointed to the Board of Directors and will assume the responsibilities of Chief Operating Officer. During the transition, outgoing COO Ira Feintuch will remain with the Company in an advisory role, ensuring the smooth rollout of Blink’s next generation product and ongoing operations.
“I am looking forward to continuing to work with Ira, reaffirming our commitment to customers, partners, shareholders and employees,” commented Christodoulou.
“I want to thank Mike and Ira for their continued leadership and contributions,” Farkas said. “Together, we made Blink the first and only pure-play, NASDAQ-listed Electric Vehicle charging infrastructure company. The team optimisation announced today ensures the right people are in the right roles and will enable Blink to more aggressively pursue our shift from R&D to sales and growth. 2019 will be a seminal year for Blink as we launch our next generation product lines and forge new industry relationships.”
These latest appointments follow the hiring of Jonathan New as Chief Financial Officer in June of this year. Mr. New has more than thirty-four years of corporate finance experience in public innovation and technology companies.