Frederick Payne appointed VP and global director at Ricardo

HOBOKEN , N.J. — Frederick Payne, an alumnus of Stevens Institute of Technology’s Project Management program, has joined Ricardo, Inc., a leading independent engineering firm specializing in total vehicle fuel economy and efficiency. Payne, a former BAE Systems executive, will serve as vice president and global director of program management for Ricardo.

Payne joins Ricardo with 27 years of experience in the defense and aerospace industries, along with a history of successful program management and delivery. As vice president and global director, Payne will provide guidance to Ricardo’s global project management community, ensuring effective and appropriate application of the Ricardo Project Life Cycle Process Framework. In addition, he will manage the development of project managers through training and certification programs.

Prior to joining Ricardo, Payne served as corporate director of program management at BAE Systems and represented the company on the Global Corporate Council of the Project Management Institute (PMI). In 2005, Payne was named by the PMI as a Top 50 Power Program Management Leader. In addition to his undergraduate and graduate degrees, Payne holds a Graduate Certificate Degree in Project Management from Stevens’ Wesley J. Howe School of Technology Management.

Payne will be based at the Ricardo Detroit Technology Campus in Van Buren, Mich.

About Ricardo

Ricardo, the Eco-Innovation Technology Company, is a leading independent provider of technology, product innovation, engineering solutions and strategic consulting to the world's automotive, military, transport and new energy industries. The company's skill base represents the state-of-the-art in low emissions and fuel-efficient powertrain technology, and can be best summarized: “Ricardo is Fuel Economy.”

With technical centers and offices throughout Europe, the US and Asia, Ricardo provides engineering expertise ranging from vehicle systems integration, controls and electronics, hardware and software development, to the latest driveline and transmission systems and gasoline, diesel, hybrid and fuel cell powertrain technologies. Its customers include the world's major automakers and suppliers as well as manufacturers in the military, commercial, off-highway and clean energy sectors. The company also serves in advisory roles to governmental and independent agencies. Ricardo's US operation, Ricardo, Inc., is headquartered in Van Buren Township, Mich. Ricardo plc posted sales of $344 million in financial year 2007 and is a constituent of the FTSE TechMark 100 index - a group of innovative technology companies listed on the London Stock Exchange. For more information, visit www.ricardo.com.

Ricardo offers TVFE(TM), its Total Vehicle Fuel Economy engineering service, to transportation manufacturers worldwide to provide objective evaluation of all available technologies to identify the most cost-effective strategies to optimize fuel economy and CO2 goals. For more information on TVFE, please visit www.totalvehiclefueleconomy.com.

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with a full-time tenured/tenure-track faculty of 140 and more than 200 full-time special faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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