Better Place Replaces CEO Founder Shai Agassi

The board of Better Place, the Israeli/global electric car company, has removed its founder Shai Agassi as CEO of the global company, and replaced him with Evan Thornley, who was the CEO of Better Place Australia.

Agassi will continue on as a board member and shareholder.

Better Place has accumulated costs of $490 million dollars since it was founded.