SEATTLE, Jan. 17, 2017 /PRNewswire/ — Red Dot Corporation, a leader in heating and air conditioning for commercial and military vehicles, today announced several major leadership changes, strengthening the company’s core business and streamlining its operations. The company appointed Rick McNamee as permanent chief executive officer. McNamee first joined Red Dot in May 2016 as interim CEO and also holds a seat on the company’s board of directors.
In addition, the company named Steve Lach as chief operating officer and Artak Arakelian as vice president of operations. By reinvigorating the company’s leadership with proven expertise, Red Dot is aligning all aspects of the company with its 2017 goals and vision.
Together, the leadership team will focus on further expanding Red Dot’s market-leading innovation in HVAC systems and its partnerships with major original equipment manufacturers. Additionally, the company will advance its operations and offerings to better meet the needs of the aftermarket segment, aiming to be the first-line choice for distributors and end-customers. To underscore these efforts, McNamee and Red Dot executives are engaging all team members to build a strong foundation of leadership, operational excellence, and a culture of ownership, trust and accountability.
“Rick has brought both spirit and skill to Red Dot, making his impact felt at every level of the company,” said Steve Mance, chair of Red Dot’s board of directors. “With Rick’s deep experience and bold vision at the helm, I am confident that Red Dot will maintain its growth trajectory and continue producing excellent product for our customers. I know Rick is the right man for the job.”
McNamee brings to RedDot a wealth of leadership experience successfully steering both public and private companies that demanded significant operations management. As CEO, president and chairman of the board at Continental Circuits Corporation, Rick brought tangible cost and cycle time improvements to the company’s operations, significantly improving their financial performance.
Afterward, he transitioned to ad-hoc roles consulting for a variety of companies, including as executive coach and leadership trainer, angel investor, board member, and interim CEO. McNamee has also spent 14 years at IBM, serving in a variety of manufacturing and engineering roles. He holds a bachelor’s degree in engineering from Purdue University.
“I’m delighted that the board has offered me the opportunity to be a permanent member of the RedDot family. I have loved my time here and am humbled to have been welcomed with such warmth and generosity,” said Rick McNamee. “Going forward, we have set ambitious goals for 2017; with support from such a dedicated staff and robust executive team, I am confident we will hit the ground running.”
As part of RedDot’s efforts to overhaul and strengthen the company’s leadership, RedDot is also creating a new COO position. Lach, the company’s inaugural COO, will oversee the operations department and report directly to the CEO. Lach previously served as Red Dot’s temporary vice president of operations and led operations within companies including AT&T, Sanmina and Viasystems.
Arakelian joins RedDot as vice president of operations from Precision Castparts Corporation, where he has climbed the ranks over the past seven years. Arakelian begins January 2017 and will report to the COO.
Alongside the existing executive team, Arakelian and Lach will play pivotal roles in supporting and executing McNamee’s strategic vision for Red Dot into 2017 and beyond.
RedDot designs and builds premium climate control components, integrated systems, replacement parts, and aftermarket units for vehicles in demanding work environments all over the world. Product applications include construction, mining, agriculture, forestry, military, commercial freight, and emergency service vehicles.
About RedDot Europe Ltd:
RedDot Europe was established in 1998 in Ipswich – England to support European-based Customers, as well as Middle East and Indian Sub-continent areas. RedDot Europe is ISO 9001 / ISO 14001 and ECE-10 certified, and is the wholly subsidiary of RedDot Corporation based in Seattle (USA)
Elio Motors (OTCQX:ELIO), the start-up vehicle manufacturer planning to launch a three-wheel vehicle that will get up to 84 mpg, today announced it has named RedDOT Corporation as its heating, ventilation and air conditioning supplier.
The HVAC system is scheduled to be tested on an E-Series vehicle – Elio Motors’ planned 23 testing and engineering vehicles – at RedDOT’s headquarters in Seattle, Wash. RedDOT, which has been in the mobile HVAC business since 1965, has an expertise in providing HVAC systems for unique vehicle configurations, including construction equipment cabins, heavy-duty trucks and military vehicles. Elio Motors sought out a supplier that could create a custom system to maximize driver and passenger comfort in the Elio’s unique interior configuration.
“Interior comfort is an essential, but often overlooked element of the overall customer experience, so it’s critical to find an HVAC supplier that can customize a solution for our unique cockpit-like space,” said Elio Motors founder and CEO Paul Elio. “RedDOT has a rich history of developing custom-designed HVAC systems. If they can keep our military cool in a Humvee, they have an expertise that will enhance our customers’ vehicle experience.”
RedDOT system testing will include air-flow, defrost, refrigerant charge, air conditioning and heater performance tests at extreme temperatures ranging from 0 degrees F to 110 degrees (-17ºC ~ +44ºC).
“After more than 50 years of developing commercial vehicle and military HVAC systems, this opportunity to work with Elio Motors is a great way to expand our presence in the passenger vehicle market,” said Randolph Grover, Military Sales Manager for RedDOT. “We’re confident our years of experience in working in arctic and desert environments on four continents will transfer exceptionally well to the Elio.”
Over the past several months, Elio Motors’ progress toward production has been accelerating. Among milestones that the company has achieved recently:
• Raising nearly $17 million through a Regulation A+ stock offering
• Publicly listing its stock on the OTCQX;
• Launching its innovative new ePlus mass personalization system, and
• Unveiling the E1A, the first in a series of engineering vehicles utilized for final testing and validation purposes.
“We continue to make progress with our operations each and every day, and our HVAC system development and testing is yet another positive step in the right direction,” Elio said. “The testing and validation phase provides important learnings that will allow our team to fine-tune our vehicle design and move the company closer to the production state.”
About RedDOT Corporation
RedDOT is a global supplier of integrated systems, modules, unit kits, and components to original equipment manufacturers and the heavy-duty aftermarket all over the globe. The company has representatives around the world to provide market-specific product development and support. RedDOT opened its first facility outside the United States in Suffolk, England, in 1998, and in 2008, established RedDOT China to bring our expertise and technical capability to customers in Asia.
About Elio Motors
Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheel Elio is engineered to attain a highway mileage rating of up to 84 mpg while providing the comfort of amenities such as power windows, power door lock, cruise control and air conditioning accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio’s first manufacturing site will be in Shreveport, La – USA
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this press release. Elio Motors assumes no obligation to update the information in this press release.