CINCINNATI, Aug. 9, 2017 /PRNewswire/ -- Workhorse Group
Inc. (NASDAQ: WKHS), an American technology company focused on
providing sustainable and cost-effective solutions to the
transportation sector, announced that it has appointed Paul Gaitan to chief financial officer,
effective August 9, 2017.
Gaitan succeeds Julio Rodriguez, who
has served as CFO since August 2013.
Mr. Rodriguez has agreed to take on the role of chief information
officer, and will be responsible for the expanding the systems and
information infrastructure for global supply chain management and
large-scale manufacturing.
"We welcome Paul, a seasoned financial executive with extensive
experience in high growth-stage companies across multiple
manufacturing environments," said Steve
Burns, CEO of Workhorse. "As we commence the process of
transitioning to large scale operations, Paul brings operational,
business and leadership abilities that will reinforce our fiscal
and risk integrity to enable our growth worldwide. We thank Julio
for his service in transitioning our company to a listing on a
major exchange, and look forward to his continued leadership as he
takes on the critical role of building our information systems
necessary for scalable growth."
Mr. Gaitan was most recently the CFO of Crown Health Care
Laundry Services in Pensacola,
Florida, where he helped set strategic vision and drove
excellence in accounting operations and financial reporting for an
organization of 800 employees. He previously served as CFO,
corporate controller and controller for ClarkDietrich Building
Systems, and in various controller roles at Axion Automotive
Technologies, Endar Corporation, Dentsply International,
Avery Dennison and Cummins Engine
Company.
Gaitan earned his BS degree in business from the University of Southern California and his MBA from
Stanford University with a
concentration in production control systems.
About Workhorse Group Inc.
Workhorse is a technology
company focused on providing electric mobility solutions to the
commercial transportation sector. As an American original equipment
manufacturer, we design and build high performance battery-electric
vehicles including trucks and aircraft. We also develop
cloud-based, real-time telematics performance monitoring systems
that are fully integrated with our vehicles and enable fleet
operators to optimize energy and route efficiency. All Workhorse
vehicles are designed to make the movement of people and goods more
efficient and less harmful to the environment. For additional
information visit www.workhorse.com.
Forward-Looking Statements
This press release includes
forward-looking statements. These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements may be identified by words
such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein.
Factors that could cause actual results to differ materially
include, but are not limited to: our limited operations and need to
expand in the near future to fulfill product orders; risks
associated with obtaining orders and executing upon such orders;
the ability to protect our intellectual property; the potential
lack of market acceptance of our products; potential competition;
our inability to retain key members of our management team; our
inability to raise additional capital to fund our operations and
business plan; our inability to maintain our listing of our
securities on the Nasdaq Capital Market; our ability to continue as
a going concern; our liquidity and other risks and uncertainties
and other factors discussed from time to time in our filings with
the Securities and Exchange Commission ("SEC"), including our
annual report on Form 10-K filed with the SEC. Workhorse expressly
disclaims any obligation to publicly update any forward-looking
statements contained herein, whether as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE Workhorse Group Inc.