CEO of Electric-Car Network Better Place Steps Down

Shai Agassi, the charismatic founder of U.S. electric-car charging station start-up Better Place LLC, will step aside as chief executive amid concern about mounting losses as cars tailored to the company’s network enter pilot markets.

In a surprise announcement Tuesday, nearly five years after the company’s founding, Better Place Chairman Idan Ofer said the CEO of the firm’s Australian unit, Evan Thornley, will replace Mr. Agassi so the company can “realign for its second chapter.”

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