Shai Agassi

Better Place CEO Shai Agassi Replaced

10/03/2012

Shai Agassi, the Israeli-American founder of Better Place, which is bringing electric car charging stations to Israel, was ousted as the company’s CEO.

Agassi will remain a member of the Better Place board, the company announced Tuesday. He is being replaced by Evan Thornley, currently head of the company’s Australian unit

Better Place, based in Palo Alto, Calif., raised more than $750 million in investments since it was founded in 2007. In that same time, the company has lost $490 million, according to the Wall Street Journal.

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