Maxwell Appoints Kevin S. Royal As New CFO

Published: 26-Mar-2009

Maxwell Technologies, Inc. (Maxwell), a US-based developer and manufacturer of cost-effective energy storage and power delivery solutions, has appointed Kevin S. Royal as new senior vice president (SVP), chief financial officer (CFO), treasurer and secretary. Kevin replaces Tim Hart, who is leaving the company. He is expected to begin employment at Maxwell on April 20, 2009. From May 2005, he had been SVP and CFO of Blue Coat Systems, Inc. (Blue Coat).

Kevin will remain at Blue Coat until April 10, 2009. From December 1996 until May 2005, he held a series of senior finance positions, culminating with his appointment as vice president and CFO, of Novellus Systems, Inc. (Novellus). Before he joined Novellus, he spent 10 years with Ernst & Young LLP, where he became a Certified Public Accountant. In November 2008, he joined the board of directors of Springbok Services, Inc.

“Kevin is a seasoned financial and operational executive who has played a key role in building and managing companies that grew rapidly during his tenure with them,” said David Schramm, Maxwell’s president and chief executive officer. “His energy, leadership skills and extensive experience in corporate finance, internal controls and multi-national operations will be instrumental in helping Maxwell to move to the next level of its growth and development.”

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