Creelman joins the company after the closing of a $30 million Series D funding round, and also the company’s agreement to supply Ritz Camera with its rechargeable NiZn AA batteries.
“Adding a CFO with John’s early-stage company experience, IPO pedigree and international operational skills to the PowerGenix team marks an important step as we move to expand our operations both in the United States and internationally,” said Dan Squiller, PowerGenix chief executive officer. “John’s track record demonstrates a strong ability to finance growing enterprises, manage competitive cost structures, drive business operations and profitable growth, while generating value for our customers, partners and shareholders.”
“Environmentally friendly and high performance, NiZn rechargeable batteries are poised to make a major impact worldwide on how everything from small consumer electronics to hybrid electric vehicles are powered,” Creelman stated. “I’m here to help the company realize its full potential and capitalize on the enormous opportunity to replace NiCd and NiMH chemistries in the $10 billion global rechargeable battery market.”
Creelman has played lead roles in raising above $260 million in the combined debt, private placements venture capital and two public equity (IPO) offerings. As CFO at Copper Mountain, he managed the annual revenue growth from $211,000 in 1997 to over $280 million in 2000 and led the IPO. He has also held senior financial management positions with storage providers Western Digital Corporation and MTI Technology.
Creelman has an MBA from the University of California at Irvine, where he also received his BA degree.
