Ultralife Corporation appointed Jeffrey Luke as CMO and James Pope as SVP, enhancing its marketing and sales leadership.
Quiver AI Summary
Ultralife Corporation has announced the appointments of Jeffrey Luke as Chief Marketing Officer and James Pope as Senior Vice President of Sales & Business Development for Battery & Energy Products, effective January 6, 2025. Luke will focus on refining corporate strategies and collaborating with sales and engineering teams to develop market strategies that adapt to customer needs, bringing over 20 years of B2B marketing experience. Pope, with more than 37 years in the battery and power industry, will work on expanding Ultralife's market reach and aligning global sales efforts to maximize revenue and partnerships. CEO Mike Manna emphasized the importance of these roles in executing the company's growth strategy and enhancing product development and customer relationships. Ultralife Corporation is known for its power solutions and communication systems for various markets and is headquartered in Newark, New York.
Potential Positives
- Appointment of experienced executives Jeffrey Luke as Chief Marketing Officer and James Pope as Senior Vice President, enhancing leadership team and marketing capabilities.
- Focus on aligning sales and business development efforts to maximize revenue and strengthen market presence, indicating a strategic approach to growth.
- Emphasis on commercializing transformational products and expanding new product development pipeline, which suggests potential for innovation and new market opportunities.
- Commitment to fostering durable customer relationships and strategic partnerships, which is critical for long-term success and competitiveness in the market.
Potential Negatives
- Appointment of new executives may indicate previous deficiencies in marketing and sales leadership at Ultralife Corporation, raising concerns about the company's strategic direction.
- Significant emphasis on restructuring corporate strategies suggests potential challenges in effectively reaching and serving current market demands.
- CEO's statement about strengthening marketing and sales activities hints at a possibly reactive approach to competition and market pressures rather than proactive growth strategies.
FAQ
Who are the new executives at Ultralife Corporation?
Jeffrey Luke has been appointed Chief Marketing Officer, and James Pope is the new Senior Vice President of Sales & Business Development.
What will Jeffrey Luke's role as CMO involve?
Jeffrey Luke will be responsible for reframing corporate and brand strategies and collaborating with sales and engineering teams.
What experience do James Pope and Jeffrey Luke bring?
James Pope has over 37 years in the battery and power industry, while Jeffrey Luke has over 20 years in B2B marketing.
Why are the new appointments significant for Ultralife Corporation?
The appointments are key to strengthening marketing and sales efforts as Ultralife commercializes its transformational products in 2025.
What markets does Ultralife Corporation serve?
Ultralife Corporation serves government, defense, and commercial markets with products and services in power solutions and communications systems.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ULBI Insider Trading Activity
$ULBI insiders have traded $ULBI stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here's a breakdown of recent trading of $ULBI stock by insiders over the last 6 months:
- MICHAEL EDWARD MANNA (President and CEO) purchased 1,500 shares.
- W. SHAW ROBERT purchased 2,500 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ULBI Hedge Fund Activity
We have seen 37 institutional investors add shares of $ULBI stock to their portfolio, and 31 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EAM INVESTORS, LLC removed 73,920 shares (-100.0%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP added 54,101 shares (+200.0%) to their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC added 47,034 shares (+32.1%) to their portfolio in Q3 2024
- GSA CAPITAL PARTNERS LLP removed 42,808 shares (-100.0%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 37,455 shares (+6.1%) to their portfolio in Q3 2024
- XTX TOPCO LTD removed 37,399 shares (-100.0%) from their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 37,220 shares (-66.6%) from their portfolio in Q3 2024
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Full Release
NEWARK, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) today announced the appointment of Jeffrey Luke as Chief Marketing Officer and James Pope as Senior Vice President - Sales & Business Development, Battery & Energy Products, effective January 6, 2025.
As Chief Marketing Officer, Jeff will be responsible for reframing our corporate and brand strategies, providing alignment and accountability throughout the global organization. He will collaborate closely with our sales and engineering teams to develop and execute effective go-to-market strategies, ensuring that Ultralife's products and solutions meet the evolving needs of our customers. Jeff brings over two decades of experience in B2B marketing, including genomics, agriculture, heavy equipment, energy and industrial computing.
In his new role, James will focus on expanding our reach into both existing and new markets and applications, and on aligning the efforts of our global sales and business development teams in pursuing opportunities that maximize revenue, build strategic partnerships, and strengthen our presence in competitive markets. He brings over thirty-seven years of experience in the battery and power industry, with a career that spans all major segments of the industry, including cell manufacturing, pack manufacturing, charger development, and work with representative organizations supporting battery and power solutions.
"As we enter 2025 and begin to commercialize our transformational products, strengthening our marketing and sales activities is critical to the successful execution of our long-term growth strategy," said Mike Manna, President and CEO of Ultralife Corporation. "Jeff has a passion for seeing people, ideas and companies thrive and has fostered these outcomes through continuous improvement, innovation and coaching programs. James has an established reputation as a dynamic leader in sales and business development and a proven ability to align technical innovation with strategic business objectives."
"With Jeff and James joining our executive management team, we are even better positioned to expand our new product development pipeline, foster durable customer relationships and capitalize on highly attractive growth opportunities to achieve our ambitious reach and growth goals," added Manna.
About Ultralife Corporation
Ultralife Corporation serves its markets with products and services ranging from power solutions to communications and electronics systems. Through its engineering and collaborative approach to problem solving, Ultralife serves government, defense and commercial customers across the globe.
Headquartered in Newark, New York, the Company's business segments include: Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. For more information, visit
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Company Contact: Ultralife Corporation Philip A. Fain (315) 210-6110 pfain@ulbi.com | Investor Relations Contact: Alliance Advisors IR Jody Burfening/Alex Villalta (917) 972-3253 avillalta@allianceadvisors.com |
