Better Place’s former CEO Shai Agassi, who was ousted last week from his chairmanship, stepped down from the company’s board of directors Tuesday. The decision was reported by Ynet, which said Agassi cited personal reasons, without further explanation.
Agassi’s departure was seen as linked to the electric car company’s financial problems, which are rooted in difficulties in selling cars and setting up the necessary infrastructure to support them. The cars became available in Israel in the first half of this year, but sales have lagged behind forecasts.
Evan Thornley, the CEO of Better Place Australia, was announced last week to replace Agassi. Thornley was said to assume the global CEO role effective immediately.
Stuart Winer contributed to this report
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