XL Acquires Quantum Fuel's Electrification Division, Appoints Kazarinoff as CEO

Tue October 15, 2019 - National Edition
XL


Dimitri Kazarinoff
Dimitri Kazarinoff

XL, a leader in vehicle electrification solutions for commercial and municipal fleets, is making two significant announcements designed to capitalize on the company's current momentum and position the business for rapid, sustainable growth in 2020 and beyond.

On Oct. 4, XL acquired the electrification division of Quantum Fuel Systems, an industry leader in alternative fuel systems for the automotive and heavy duty fleet industries. Per the terms of the transaction, XL acquires the engineering staff and technology assets of Quantum Fuel's EV division, providing capacity to accelerate its product development plans for heavy duty and fully electric propulsion applications. XL will continue to operate Quantum's Lake Forest, Calif., office, expanding its presence within one of the most prominent states for EV sales.

In addition, XL has appointed Dimitri Kazarinoff, an accomplished transportation industry executive who has led impressive growth at Eaton Corporation and AVL Powertrain Engineering, as its new CEO. XL founder and original CEO Tod Hynes is remaining with the company as chief strategy officer and will maintain his position on the company's board of directors.

"I'm excited to be able to execute our long-standing plan of bringing on a new chief executive at this juncture of XL's history," said Hynes. "This is the right time to build upon our 10 years of success, and Dimitri is the right leader to accelerate our growth moving forward."

Kazarinoff successfully scaled the hybrid power systems division of Eaton Corporation by 15x within two years, and delivered record profits for AVL's North American P&L. He sees XL as being at a similar inflection point, with an opportunity for rapid and sustainable growth.

"I'm thrilled to be leading XL into a bold new era of fleet electrification. Demand for sustainable commercial transportation has never been greater, and XL is well positioned to drive the industry's transition to electrified fleet vehicles," he said.

In addition to Kazarinoff, XL added Rob Kisiel to its leadership team, as VP of supply chain and production. With two decades of diverse supply chain experience across a wide range of industries, Kisiel is responsible for optimizing XL's supplier partner and installation ecosystem and scaling it for growth.

For more information about XL, visit www.xlfleet.com. For more information about Quantum Fuel Systems, visit www.qtww.com.




Today's top stories

Industry Urges Workers to Get COVID Vaccine

Metro Overpass Collapses in Mexico City, Leaving Many Dead, Injured

Five Stand-On Skid Steer Attachments to Invest In

Pegasus Link Constructors Leads $1.7B Project

Doosan Bobcat Helps Professionals Build a Better Tomorrow With Mobile Training Lab

Bobcat Company, Country Artist Justin Moore Announce Partnership, Fan Sweepstakes

Hall County, Ga., the Site of Seven Current or Future Road Projects

VIDEO: Volvo CE Delivers Its Version of the Factory 4 Tomorrow


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo