Executive Management Team

A company is only as good as its people — all its people, from the ownership on down. XALT Energy is a place where visionary leadership, technological expertise, a dedicated workforce and an innovative spirit come together to create best-in-class systems.
Richard Cundiff, CEO

Richard Cundiff

President and Chief Executive Officer

Mr. Cundiff officially joined XALT Energy in 2016, having been actively involved in the investment, management and operations of XALT since its inception in 2008.  In 2015, Mr. Cundiff relocated to the Midland Battery Plant of XALT in order to oversee and participate in all major decisions of the company.

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The formation of XALT Energy is in large part due to the experienced supervision and expertise of Mr. Cundiff, as he has been a driving force in the formation of Townsend Ventures, LLC and its subsequent creation of its robust investment portfolio. He has been integral in the acquisition and successful disposition of many of the company’s investments including Kokam America, Inc., Encelium Technologies and Kokam Co. Ltd. Additionally, he was intimately involved in the formation, structuring, and capitalization of Dow Kokam, LLC, the joint venture between Townsend Ventures and the Dow Chemical Company, the predecessor of XALT Energy.

Prior to joining XALT Energy, Mr. Cundiff was Chief Operating Officer of Townsend Capital, LLC, where he was employed from 2004 through 2015. To Townsend, he brought with him nearly a quarter century of investment banking experience in the financing and capitalization of projects and companies.

Prior to joining Townsend Capital, Mr. Cundiff spent almost 25 years at McDonald Investments Inc., a KeyCorp. Subsidiary based in Cleveland, Ohio where he held various positions, including Managing Director of Investment Banking.

Lisa Stevenson, Director of Cell Development

Lisa McKenzie

Senior Vice President of Research & Development and Operations

Ms. McKenzie is responsible for the development of next generation cell chemistries for both high energy and high power applications and the introduction and continuous improvement of cell manufacturing processes.

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Ms. McKenzie then moved on to General Motors holding several key positions during the design, testing and launch of the Volt battery pack. In these positions she managed the manufacturing quality systems and validation testing of the Chevrolet Volt cell produced by LG Chem in Korea and Michigan, developed cell requirements and lead root cause investigation analysis of any electrochemical issues at the pack level. After the launch of the Volt she became the sole development and validation engineer for all EV, HEV, PHEV and BEV programs at GM. Ms. McKenzie has a Bachelor’s of Mechanical Engineering from Queen’s University Belfast Northern Ireland.

Martin Klein, VP of Engineering

Martin Klein

Senior Vice President of Engineering

Prior to joining XALT Energy in February 2014, Mr. Klein was Director of Engineering at LG Chem Power Inc., responsible for the development and validation of automotive and commercial truck EV and HEV battery packs for a wide range of production programs including the Chevrolet Volt EREV, Ford BEV and Volvo Diesel PHEV.

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Prior to that Mr. Klein held a number of positions at Ford Motor Company and Visteon Electronics (formerly the Electronics Division of Ford) over 17 years in the areas of electronics module design, systems integration and program management − both in the United States and Europe. Before joining Ford, Mr. Klein gained eight years of experience at Texas Instruments and Electrospace Systems Inc. (now Raytheon) with responsibility for Electromagnetic Compatibility of large airborne and ground-based defense systems. Mr. Klein received a BS in Electrical Engineering from the University of Michigan, and an MS in Electronic and Computer Control Systems from Wayne State University in Detroit.



James Carman, Director of Finance-Controller

James A. Carman

Vice President of Finance

James Carman joined XALT Energy, LLC in 2011 as an Accounting Manager and has since become part of the leadership team.  He is responsible for financial leadership, budgeting, forecasting, internal controls, financial accounting, financial reporting, cost accounting, taxes, insurance, government grants, and overall management of the finance organization.

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Mr. Carman has almost 20 years of experience of financial accounting in a manufacturing environment.  He began his career with Alma Products Company, a large automotive component remanufacturer, as a financial analyst and later became the Accounting Manager.  While at Alma Products Company, he was the lead financial support in the company’s turnaround strategy which resulted in significant improvements in earnings.

Mr. Carman has a Bachelor’s of Arts in Business Administration with a concentration in Accounting from Olivet College.

Recent News


Battery industry leader XALT Energy partners with Dukosi

Battery industry leader, XALT Energy, selects Dukosi, intelligent battery cell innovator Dukosi, the developer of transformational intelligent battery cell solutions, today announces a strategic partnership with battery maker and energy solutions provider XALT Energy,...

Visit XALT Energy Sept. 11-13 at The Battery Show

Visit XALT Energy at The Battery Show September 11 - 13, 2018 at The Suburban Collection Showplace in Novi, MI. XALT Energy will be showcasing their new 43Ah HP cell, XMP76P pack and XRS rack system. XALT has a new booth at the entrance to The Battery Show #1501! Come...

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