Motiv Power Systems has appointed Tim Krauskopf as its new CEO.
Outgoing CEO Matt O’Leary, a 38-year Ford Motor Co. executive, has held the role of Motiv’s CEO since February 2019. O’Leary positioned the company for expanded deployments with major fleet customers, enabled founder Jim Castelaz to transition to chief technology officer, improved quality and operational effectiveness, raised $95 million in funding, and brought in a new leadership team during his two-year tenure.
“With a strong background in automotive manufacturing, trucking, and software, Tim Krauskopf is ideally suited to take Motiv to the next phase of its growth,” said O’Leary, Motiv’s executive chairman and outgoing CEO. “I am thrilled to have him leading the charge and building on the momentum we’ve created to free fleets from fossil fuels.”
Tim Krauskopf is a visionary, experienced and entrepreneurial executive, according to the company. Most recently, Krauskopf was the global executive director at AREPA, a global equipment restoration company. Before that, Krauskopf held multiple C-Suite positions with Arrington Performance, Magnuson Products, Freight Zone, Gemini Traffic Sales, and Round Lake Freight.
Krauskopf’s most significant success was co-founding Spyglass, where he also served as CTO and vice president of R&D. His team built the foundation for the original Internet Explorer and licensed it to Microsoft. Spyglass offered an IPO in 1995, becoming the first Internet software company to go public.
Krauskopf holds a bachelor’s degree in integrated science from Northwestern University, a master of science degree in computer science from the University of Illinois at Urbana-Champaign, and an MBA from Northwestern University – Kellogg School of Management. Krauskopf is also a Henry Crown Fellow at the Aspen Institute.
“I am deeply honored to apply my background to help Motiv go faster and farther in the dynamic, commercial all-electric truck and bus market,” said Krauskopf, incoming CEO, Motiv. “Since my early days of founding software and trucking companies, and then working with different manufacturing and restoration technologies, I have a special appreciation for the power of software and leading-edge technologies to make a difference in the physical world. But mostly, I look forward to working with the Motiv team – a great group of people who make the trucks and buses that go the distance.”
