Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
LIVONIA, Mich., Aug. 28, 2017 -- A123 Systems LLC, a developer and manufacturer of advanced lithium-ion batteries and systems, announced today that its Board of Directors appointed Peter W. Cirino as Chief Executive Officer.
Previously, Cirino held the position of President, Europe, for A123 Systems, a role he has held since May 2016. Prior to joining A123 Systems, he had extensive international manufacturing experience, including several executive roles in countries throughout North America, Europe and Asia Pacific for TE Connectivity and AMP Incorporated.
“In addition to demonstrating a strong command over the European business since joining the company, Peter brings a wealth of knowledge and experience of the Asia Pacific region as well,” stated Thomas C. Corcoran, Chairman of A123 Systems. “He is a transformational leader who understands our industry, our customers and our employees. We are confident that his business acumen and values are definite fits to the role.”
Jason M. Forcier is leaving the company effective August 28, 2017 after eight years with the Company and serving as CEO for the last four years.
“We thank Jason for his service to the company and we wish him well in his future endeavors,” added Corcoran.
About A123 Systems
A123 Systems is a global leader in providing complete energy storage solutions through advanced battery cells and systems for transportation and commercial applications, offering performance, reliability, and cost savings from concept through commercialization. A123 is a wholly owned subsidiary of the Wanxiang Group.
MEDIA CONTACT: Jeff Kessen - 734.772.0345 [email protected]
