The Board of Directors of lead-acid battery manufacturer Exide Technologies has appointed a new President and Chief Executive Officer.
Victor Koelsch will also join the company’s Board of Directors when he officially begins at the company on June 22.
He succeeds Exide’s current CEO Robert Caruso, who led the company for two years and recently guided it through its Chapter 11 restructuring.
The 51-year-old joins from the Michelin Groupe, where he was President of its Worldwide Original Equipment Business Unit.
Meanwhile the company is moving into smaller industrial space in Tennessee, the Memphis Business Journal reported.
The company is set to move into a 6,100 square foot flex/industrial space in the Corporate Park Business Center after its lease run out on a 16,500 square feet property about a mile from the new site.
Phillip Brown, Exide Tech warehouse supervisor, told the Journal the company had moved cross docking and assembly operations to other cities in recent years.
Exide Technologies’ batteries used to be finished at the Memphis location, but the company is now finishing the product and loading it in Dallas, Brown said.
Picture: Robert Caruso
