Clean Diesel Technologies, Inc. (NASDAQ:CDTI), a leader in advanced emission control technology, announced it has hired Eric Bippus as Executive Vice President of Sales and Marketing. Bippus will spearhead driving revenue growth across the Company.
“It is great to have Eric on board,” stated Chris Harris, CDTi’s President and CEO. “His proven ability to get new products adopted by OEMs and drive revenue growth in aftermarket distribution channels fits perfectly with our commercialization strategies in our catalyst and heavy duty diesel businesses. We believe we have the right products and technologies and now we have added a proven, experienced leader to drive sales growth.”
Bippus stated: “I am eager to leverage my automotive OEM sales experience to accelerate near-term revenue growth from CDTi’s breakthrough catalyst technologies. The Company is also ideally positioned to become a leader in the heavy duty diesel aftermarket, and I look forward to expanding DuraFit™ sales and market share.”
Bippus has over 15 years of global sales and marketing experience in the automotive and heavy duty vehicle markets. Bippus most recently served as Vice President of Sales and Marketing for Dura Products, Inc., a manufacturer of digital chemical meters and mini-bulk transfer pumps for the agricultural and on- and off-road diesel engine markets. Prior to that, he was Senior Vice President of Sales and Marketing for Remy International Inc., a leading manufacturer and remanufacturer in the automotive, heavy duty and transportation industry, where he also managed the OEM heavy duty truck business in North America. Earlier he was Vice President of Sales and Marketing for CNH Industrial, a subsidiary of Fiat S.p.A., where he managed part sales to over 3,000 dealer locations, across five different CNH brands. He began his career with Prestolite Electric, Inc., a manufacturer of alternators and starter motors for original equipment and aftermarket applications, and rose to become Vice President, Worldwide Sales. Bippus earned a BA degree in Management from the Walsh College of Accountancy and Business. (Original Source)
Shares of Clean Diesel closed yesterday at $1.70. CDTI has a 1-year high of $3.97 and a 1-year low of $1.41. The stock’s 50-day moving average is $1.89 and its 200-day moving average is $1.93.
On the ratings front, Clean Diesel has been the subject of a number of recent research reports. In a report issued on June 16, Cowen analyst Jeff Osborne reiterated a Buy rating on CDTI, with a price target of $3, which implies an upside of 76.5% from current levels. Separately, on May 13, Roth Capital’s Matt Koranda maintained a Buy rating on the stock and has a price target of $2.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jeff Osborne and Matt Koranda have a total average return of -1.8% and 4.2% respectively. Osborne has a success rate of 51.1% and is ranked #3005 out of 3718 analysts, while Koranda has a success rate of 37.3% and is ranked #1435.
Clean Diesel Technologies Inc is a material technology company. It is engaged in manufacturing & distributing of light duty vehicle catalysts & heavy duty diesel emissions control systems & products to automakers, distributors, integrators & retrofitters.