• May 17th 2011 at 10:07AM
  • 5
Back on February 14th, Ian Clifford stepped down from his role as chief executive officer of ZENN Motor Company, Inc. Clifford, who founded ZENN back in 2001, did not completely leave the company. Rather, he assumed the position of vice chairman of ZENN's board of directors. Brian Cott, who joined the company back in 2006, replaced Clifford as ZENN's president and CEO.

Now, it's Brian Cott who's stepping down. On Monday, ZENN announced that Cott will resign as the firm looks to pare back operations to cut costs, according to Ward's Auto (sub. req.). ZENN says that it will name a replacement CEO "in the near future."

Many investors in ZENN are fed up after years of waiting for word of a breakthrough on that mythical EEStor ultracapacitor technology. Even so, ZENN says that it intends to make a "strong relationship" with EEStor its priority, while cutting back on its other operations, including developing drive systems for electric vehicles.

[Source: Ward's Auto – sub. req.]

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    • 1 Second Ago
      2 Wheeled Menace
      • 4 Years Ago
      Quitting? on the apex of your ultimate world shattering creation?
      • 4 Years Ago
      Eestor? Eestor doesn't make ultracapacitors for cars, they are a venture capital trap. Google Eestor to check out their past promises. It's the old salted gold mine gambit. I will have to say if any company can produce what Eestor has promised it would result in radical changes in the car industry.
        • 4 Years Ago
        Try looking up eestor and Lockhead, you'll see why,what, who they're selling to(and have been). They dont release their tech cause there is too many huge oil and energy companies not wanting them to, so they revamped it to a wearable battery pack for weapons/communitcation.
      • 4 Years Ago
      They should try selling cars again, at list it will give them a source of income while there "waiting" for Eestor to come into fruition (if it ever does). If not, they eventually have to file for bankruptcy because how the heck there make money with no source of income?
      • 4 Years Ago
      Well really, more many batteries can secret government operations require, not many.
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