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Maxwell Technologies names new CEO

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Manufacturer and marketer of energy storage and power delivery systems, Maxwell Technologies, Inc. (Nasdaq: MXWL) reported today that it appointed a new chief executive officer.

David J. Schramm will replace Richard D. Balanson, PhD as president and CEO of Maxwell Technologies. Schramm has spent most of his career in a series of senior management and engineering positions with General Motors and its parts supplier, Delphi Automotive Systems.

Shares of Maxwell Technologies edged down 0.13%, or $0.02, to $14.18 in pre-market trading.