ROCHESTER, N.Y., Aug. 21,
2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ:
HYZN) (Hyzon or the Company), a high-power hydrogen fuel cell
technology developer and global supplier of zero-emission
heavy-duty fuel cell electric vehicles (FCEVs), today announced its
Board of Directors elected Erik
Anderson as Chairman of the Board of Directors, effective
August 24, 2023. Anderson replaces
George Gu, who resigned his
position. The Board also elected Andrea
Farace as Vice Chairman of Hyzon's Board.
"I believe Hyzon is a truly exceptional company that is helping
accelerate the hydrogen transition and commercialization with its
proven fuel-cell technology and superior performance," said
Erik Anderson, incoming Chairman of
Hyzon's Board of Directors. "I am thrilled to continue working with
the entire team in this new role to help advance the company's
compelling mission for the environment, the decarbonization
industry and investors alike."
Anderson – who has served on Hyzon's Board of Directors since
2021 – is known as a global innovation leader and investor, with
leadership roles spanning various sectors. As Founder and CEO of
WestRiver Group, Anderson has vast experience propelling business
growth, expanding organizational reach, and securing capital for
growth-stage companies. He led four Special Purpose
Acquisition Companies (SPACs) in the decarbonization space, seeking
to identify impactful companies with scalable solutions to
decarbonize the global economy. He also serves as Vice Chairman of
Topgolf Callaway Brands and was previously the Executive Chairman
of Topgolf Entertainment Group. Anderson also holds the position of
Executive Chairman at Singularity Group, a global community
leveraging exponential technologies to address the world's most
pressing challenges. His accolades include the EY Entrepreneur of
the Year Award, being named by Goldman Sachs as one of the Top 100
Most Intriguing Entrepreneurs, and receiving the Transformative CEO
Award by The CEO Forum Group.
"I'd like to express our deep gratitude to George for his
dedication and leadership since Hyzon's founding in his role as
Chairman," said Parker Meeks,
Hyzon's Chief Executive Officer.
"As we look to the future, Erik brings proven experience and
capabilities to this position, especially when it comes to driving
commercialization, scaling companies, and raising capital. I look
forward to working with him to help advance our company's goals as
we continue streamlining our core business units, enhancing our
fuel-cell technology, and driving forward our ongoing
commercialization."
Andrea Farace, incoming Vice
Chairman of the Board, is an accomplished executive and leader with
a long global career spanning more than 40 years in finance and
general business management, including 20 years at Citigroup as
Chief Executive officer or Chief Operating Officer of a number of
institutional businesses. He has substantial background in
corporate governance, having chaired or been a member of multiple
public and private boards, including those of regulated businesses.
He is currently Chairman of the Board of HBL Bank UK, a regulated
full-service UK bank, and member of the board of two fintech
companies based in the UK, Germany, and Italy. He also brings a unique global
perspective to Hyzon, having managed in his career financial and
industrial businesses in the US, UK, Central Eastern Europe,
Middle East, Africa, Italy, Japan,
and Asia.
George Gu, who is leaving Hyzon
to pursue other personal and professional endeavors, expressed
optimism for the future of Hyzon. "I'm proud of Hyzon's
accomplishments so far in their mission to decarbonize the
transportation industry and our global climate. I have full
confidence in the strength of the new management team and the Board
of Directors."
About Hyzon
Hyzon Motors is a global supplier of
high-power fuel cell technology focused on integrating its
solutions into zero-emission heavy-duty fuel cell electric
vehicles. Utilizing its proven and proprietary hydrogen fuel cell
technology, Hyzon aims to supply zero-emission heavy duty trucks to
customers in North America,
Europe, Australia, and New
Zealand to mitigate emissions from diesel transportation -
one of the single largest sources of global carbon emissions. Hyzon
collaborates with partners across the hydrogen value chain to bring
clean hydrogen to the market to support fuel cell vehicle
deployments. Hyzon is contributing to the adoption of fuel cell
electric vehicles through its demonstrated technology advantage,
fuel cell performance and history of rapid innovation. Visit
www.hyzonmotors.com.
Forward-Looking Statements
This press release includes
"forward-looking statements'' within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of present or historical fact included in this
press release, are forward-looking statements. When used in this
press release, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project,"
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements, including statements about our business
outlook and our ability to raise capital, are based on management's
current expectations and assumptions about future events and are
based on currently available information as to the outcome and
timing of future events. Except as otherwise required by applicable
law, Hyzon disclaims any duty to update any forward -looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. Hyzon cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Hyzon, including risks and
uncertainties described in the "Risk Factors'' section of Hyzon's
definitive proxy statement on Schedule 14A filed with the U.S.
Securities and Exchange Commission (the "SEC") on July 14, 2023, our Registration Statement on Form
S-1 filed with the SEC on July 30,
2021, our Form 10-K for the year ended December 31, 2022 filed with the SEC on
May 31, 2023, and other documents
filed by Hyzon from time to time with the SEC. Hyzon gives no
assurance that Hyzon will achieve its expectations.
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SOURCE Hyzon Motors Inc.