Carbon Revolution Appoints Chris Recktenwald to Lead Strategic Procurement and Supply Chain

Recktenwald to Play Critical Leading Role as Company Looks to Scale the Business Globally and Further Expand Growing Footprint Among Global OEMS

GEELONG, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber automotive wheels, today announced the appointment of Chris Recktenwald as Vice President, Procurement and Supply Chain, to lead strategic procurement and supply chain initiatives for Carbon Revolution globally.

Before joining Carbon Revolution, Recktenwald held multiple senior positions over his 10 years at Ford Motor Company, including, most recently, Global Director, Exterior and Structural Systems Purchasing. Chris led the raw materials purchasing for Ford from 2019 until 2023.

Recktenwald also brings experience as the head of Purchasing and Supplier Quality for Ford of Mexico, where he was instrumental in establishing supply chain networks and purchasing organizations.

Recktenwald began his career at Ford as the director of purchasing strategy, where he helped develop and deploy initiatives for the entire company, becoming known among automotive suppliers for his thoughtful and collaborative approach to driving results.

Recktenwald developed deep supply chain expertise during his eight years as a management consultant advising global clients in automotive, aerospace, and industrial businesses, first for PRTM and later for PwC, which acquired PRTM.

“Chris will play a critical leading role as we look to further expand our growing footprint among global auto OEMs,” said Jake Dingle, CEO of Carbon Revolution. “He brings a wealth of experience, expertise, and a proven track record in the automotive industry, leading teams and implementing innovative solutions. His extensive understanding of the global marketplace and commitment to enhancing overall procurement and supply chain efficiency are valuable assets for the pursuit of our growth goals.”

As previously announced, Carbon Revolution delivered record revenue in the fiscal first quarter (Q3 CY2023) and expects to deliver a new record quarterly revenue for the fiscal second quarter ending December 31, 2023.

The Company has been awarded five programs since August 2022 taking the total number of programs awarded to 18¹ with six global OEMs, including Ford Motor Company, General Motors Company, Renault, Ferrari N.V., Jaguar Land Rover and a major German automaker program announced on December 4 as demand grows among global automakers for its disruptive weight-reduction and efficiency technology.