Swiss energy storage group Leclanché said on October 31 that Anil Srivastava had stepped down as CEO.
Srivastava had decided to leave following the appointment of a new board on September 30 and a subsequent management restructuring, with which he had been involved, the company said.
Leclanché is now managed by Pierre Blanc (pictured, left) as group CEO and chief technology and industrial officer of Leclanché e-Mobility, with Phil Broad (right) as CEO of Leclanché E-Mobility and chief sales and development officer of Leclanché.
Srivastava said: “It’s time for a change. When I decided to accept this position eight years ago, it was because of the reputation and the exceptional potential of Leclanché.
“I am proud of the work I have done together with all employees. I wish the company all the success as it attains profitable growth.”
Board chairman Alexander Rhea said Srivastava, together with other senior executives, had greatly expanded the firm’s customer base.
Rhea said: “Now it is time for Leclanché to unleash all its stored value. We are certain that this new management structure will impulse a new dynamic to the company.”
Blanc and Broad become members of the group’s executive committee, along with CFO Pasquale Foglia.
Blanc joined Leclanché in March 2000 as a chemical engineer in its alkaline battery division, where he was responsible for the development and manufacturing of battery cells for major brands including Varta, Energizer and Panasonic.
Blanc was appointed CTO in 2006, where he oversaw R&D and industrialization of the company’s lithium-ion business. Leclanché said he led the introduction of novel and unique production processes, particularly for water-based manufacturing for lithium-ion batteries.
Broad joined Leclanché in 2018 and was appointed executive vice president of e-Mobility Solutions in March 2019. Previously he was vice president of the commercial vehicles unit, leading application engineering, programme management and sales.
Leclanché announced on August 9 that it had appointed Pasquale Foglia as acting CFO — the firm’s third interim CFO in recent months.
That announcement came after the company revealed on June 6 that it had negotiated conditions with different stakeholders to secure Sfr15 million ($15.5 million) funding for near-term liquidity requirements and could remain a going concern until June 2023.
Leclanché had warned on February 24 that liquidity remained tight ahead of a merger of its e-mobility business with a US-listed special purpose acquisition company.
Leclanché said then it had secured a Sfr20.4 million bridging loan from the SPAC’s largest shareholder, SEFAM, to run its operations ahead of the merger.