Charles Gassenheimer is Chairman of the Board for Ener1, Inc. He is also Chief Executive Officer of Ener1 Group, the largest shareholder of Ener1, Inc.

Prior to joining Ener1 Group, Mr. Gassenheimer was Managing Director and Portfolio Manager of both the Convertible Arbitrage Division and Private Investment Group of Satellite Asset Management, a hedge fund with approximately $6 billion in assets under management and offices in New York and London. Before joining Satellite, he was Portfolio Manager and head of the distressed securities investment group of Tribeca Investments, Ltd. Tribeca is the hedge fund division of Citigroup Global Investments. Prior to that he served as a Vice President at Credit Suisse First Boston where he was a senior credit analyst within the global convertible bond division and Investment Manager of a proprietary hedge fund focused on private investments in public equities. Throughout his career he has been responsible for sourcing, structuring and managing hundreds of debt and equity investments in both the private and public marketplaces.

Mr. Gassenheimer began his career with Coopers & Lybrand in the field of operational and financial turn-around management services. He graduated with a degree in Economics from the University of Pennsylvania.

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