Electric Fuel Corp. (New York) announced that Yehuda Harats, president and CEO and member of the board of directors, has decided to resign from his positions with the company and its subsidiaries in order to pursue other interests. Harats served as President and CEO of Electric Fuel since its inception in 1990. The board of directors has selected Robert Ehrlich, chairman of the board, to be the new president and CEO.
Harats commented, "While I will no longer be involved with Electric Fuel's management, I am still a strong believer in the company's zinc-air technology. As a significant shareholder, I am confident that Electric Fuel will continue to make progress."
