Ultralife Batteries Inc. (Newark, NY) announced that Bruce Jagid has resigned as CEO and Chairman of the Board, and that the board of directors has retained executive search firm Heidrick & Struggles to assist in recruiting a new CEO. The board elected Arthur Lieberman, a co-founder and director of the company, to be the new Chairman of the Board, and outside Director and company co-founder Joseph C. Abeles will assume the duties of CEO until the search is completed. Jagid will remain a member of the board of directors."I have truly enjoyed the eight years that I have devoted to this exciting company," Jagid stated. "I am proud of our many accomplishments and the progress that we have made in establishing Ultralife as a leader in the lithium battery industry. Although this was a very difficult decision for me, I felt that the time had come for me to pass the reins to someone who will lead the company to even greater levels of achievement."