DesignLine Corp. Announces Change of Leadership

The board of directors of DesignLine Corp. announces the appointment of Joseph J. Smith as interim chief executive officer effective immediately. 

Smith currently serves as a consultant to Cyan Partners, LP, the sole arranger of DesignLine’s November 2011 debt and equity capital raises. In his capacity as a consultant to Cyan, Smith also serves on the company’s board of directors. Prior to his retirement in December 2010, Smith held three executive leadership positions at the Metropolitan Transportation Authority, a component unit of the State of New York, including president, MTA Bus Company; president, MTA Long Island Bus and senior vice president, Department of Buses, MTA New York City Transit.