Ex-GM's Stempel: From Gasoline to Batteries to Water
By Michelle Krebs March 16, 2010Robert C. Stempel, General Motors' CEO in the early 1990s, is joining the board of directors of Genesis Fluid Solutions Holdings, a water purification company in Colorado Springs, Colorado.
Stempel was chosen for the company's board for not his automotive experience but his chairmanship of the Council of Great Lakes Industries. That experience provided him with valuable insight into the complex problems that plague America's largest bodies of water, said Genesis Chairman Michael Hodges in a statement.
Stempel added in the statement that the world will face a global water crisis in this century and technology like Genesis will help restore and maintain vital water resources.
Most recently, Stemple was chairman and CEO of Energy Conversion Devices in the Detroit surburbs, a company that worked on advanced nickel-metal hydride batteries and thin film solar panel technology.
Stempel began his career as a GM engineering in 1958. He became president and COO in 1987, and CEO and chairman in 1990. He was ousted by the board in 1992 along with then President Lloyd Reuss, father of current GM President North America Mark Reuss.
Genesis was founded in 2000 to develop waterway restoration and remediation technology, including a system for separating contaminants and solids from water. Stempel is the company's fourth director.
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