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16-Nov-2012

PHOTO CAPTION: Mosher Kaplinsky (left) with Shai Agassi; both men abruptly resigned from Better Place.

Better Place CEO Abruptly Resigns

Better Place states that Kaplinsky will remain on until the end of the year, and will be replaced by CFO Alan Gelman.

The crisis at Better Place appears to be deepening.

A month after the surprise departure of founder Shai Agassi, the electric-powered automobile infrastructure company lost its second big name yesterday with the equally surprising resignation of Moshe Kaplinsky.

The company is searching for a new business model, and Kaplinsky's exit apparently stems from disagreements with company chairman Idan Ofer, who controls the company through the Israel Corporation, and Australian Evan Thornley, Agassi's successor as Better Place CEO.

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