PROVO, UT — Raser Technologies, Inc. announced the addition of former General Motors (GM) executive Alan Perriton to its board of directors. Raser is a technology licensing company that develops and licenses advanced electric motor, electronic motor drive and related technologies.
Perriton is the recently retired executive in charge of strategic alliances and new business development for General Motors Asia Pacific. Perriton spent more than 34 years with GM in various management roles including executive management assignments in the U.S. and Asia. He held several key procurement management positions, including, international purchasing for General Motors Material Management Staff, director of international purchasing, Asia, and in 1992 was named executive director of world wide purchasing with an annual budget approaching $30 billion.
Perriton was named advisor materials management for GM’s Toyota joint venture, New United Motor Manufacturing Inc. (NUMMI). He subsequently became part of the initial team to create the newly formed Saturn division of General Motors in 1985, and held responsibility as president of General Motors Korea from 1996 through 2001. In his final role with the carmaker, he was responsible for creating the foreign automotive manufacturing operations of GM Daewoo in Korea which has quickly become the growth engine of GM’s Asia-Pacific Operations, including China. Perriton brings to Raser extensive experience in the automotive industry, including drive train engineering, operations and general management.
Perriton served on the advisory boards of Northwestern University’s Kellogg Business School and Stanford University’s Graduate School of Business. He currently serves on the Brigham Young University Marriott School of Management National Advisory Council and is a member of the U.S./Korea business Advisory Council.
Perriton’s appointment to the Raser Board of Directors became effective on December 31, 2005. He will stand for election at the next Annual Meeting of Shareholders in May of 2006. With the appointment of Perriton, the Raser board has seven members, including five independent directors.
For more information about Raser, go to: www.rasertech.com .
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