Ricardo Inc., the U.S. Subsidiary of Ricardo plc, Announces the Appointment of Thomas Apostolos as President

VAN BUREN TOWNSHIP, Mich., Oct. 5, 2012 /PRNewswire/ -- Ricardo Inc., the U.S. subsidiary of Ricardo plc, the leading independent provider of technology, product innovations and engineering solutions to the world's automotive, defense, transport and new energy industries, announced today that Thomas Apostolos has been appointed president. Outgoing president Kent Niederhofer will remain with Ricardo Inc., through Oct. 31 to assist in the transition.

"I am extremely pleased to welcome Thomas Apostolos as the new president of Ricardo Inc.," said Dave Shemmans, CEO of Ricardo plc. "Tom has a solid track record in senior automotive industry leadership positions of delivering growth both organically and through acquisitions."

Apostolos, 50, has spent the last 19 years of his career at Magna International. Prior to becoming president of Magna Exteriors & Interiors Asia Pacific in 2007, he was global president of Magna's Interiors' Company, Intier Automotive Interiors. Additionally, he has held general manager positions in a number of Magna Divisions. Before joining Magna, Apostolos held engineering and management positions at General Motors. He currently is on the board of directors for two tier one automotive suppliers.

"I firmly believe that he has the skills necessary to take Ricardo's North American operations to the next level," added Shemmans.

Apostolos received his bachelor's degree in electrical engineering from the University of Western Ontario. In addition, he has completed leadership programs at Harvard, the Sloan School of Business at MIT and York University. Apostolos will report directly to Dave Shemmans.

About Ricardo plc

Ricardo plc is a global, world-class, multi-industry consultancy for engineering, technology, project innovation and strategy. With almost a century of delivering value, we employ over 1900 professional engineers, consultants and staff. Our people are committed to providing outstanding value through quality engineering solutions focused on high efficiency, low emission, class-leading product innovation and robust strategic implementation. Our client list includes the world's major transportation original equipment manufacturers, supply chain organizations, energy companies, financial institutions & governments. Guided by our corporate values of respect, integrity, creativity & innovation and passion, we enable our customers to achieve sustainable growth and commercial success. Ricardo's U.S. operation, Ricardo, Inc., is headquartered in Van Buren Township, Mich. For more information, visit www.ricardo.com.

SOURCE Ricardo Inc.