ElectraMeccanica Appoints Chief Financial Officer Bal Bhullar to Board of Directors
December 09 2019 - 8:31AM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”
or the “Company”), a designer and manufacturer of electric
vehicles, has appointed the Company’s Chief Financial Officer, Ms.
Bal Bhullar, to the Board of Directors effective December 6, 2019,
concurrent with the resignation of Shaun Greffard.
Ms. Bhullar is an accomplished financial
executive with over 25 years of diversified business, financial and
risk management experience, with both public and private companies,
across various sectors including technology, manufacturing and
transport. Ms. Bhullar brings expertise in financial &
strategic planning, operational & risk management, regulatory
compliance reporting, business expansion, start-up operations,
financial modeling, program development, corporate financing, and
corporate governance/internal controls. Ms. Bhullar carries
designations of Chartered Professional Accountant (CPA), Certified
General Accountant (CGA) and Certified Risk Management (CRM).
“We are pleased to welcome Bal Bhullar to
the Board. Bal’s extensive experience in both finance and capital
markets, as well as her firsthand knowledge of our operations and
vision has proven to be of considerable value to the Company,” said
Steven Sanders, ElectraMeccanica’s Chairman. “We thank Shaun
Greffard for his dedication and over three years of service as a
Director of the Company and extend best wishes to him as he pursues
other personal and professional interests.”
“I am truly honored to have been appointed to
the Board of Directors,” said Bal Bhullar, Chief Financial Officer
of ElectraMeccanica. “Mobility is undergoing rapid change and
ElectraMeccanica is in the forefront of a disrupted industry with
the unique SOLO EV. I look forward to working
closely with the Board to represent our shareholders and drive
long-term value creation.”
About ElectraMeccanica Vehicles
Corp.ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a
Canadian designer and manufacturer of electric vehicles. The
company’s flagship vehicle is the innovative purpose built;
single-seat electric vehicle called the SOLO.
This vehicle will revolutionize commuting, delivery and shared
mobility. The SOLO provides a driving
experience that is unique, trendy, fun, affordable and
environmentally friendly. InterMeccanica, a subsidiary of
ElectraMeccanica, has successfully been building high-end specialty
cars for 60 years. For more information, please
visit www.electrameccanica.com.
Safe Harbor StatementExcept for
the statements of historical fact contained herein, the information
presented in this news release and oral statements made from time
to time by representatives of the Company are or may constitute
“forward-looking statements” as such term is used in applicable
United States and Canadian laws and including, without limitation,
within the meaning of the Private Securities Litigation Reform Act
of 1995, for which the Company claims the protection of the safe
harbor for forward-looking statements. These statements relate to
analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. Any other statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as “expects” or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans, “estimates” or
“intends”, or stating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as forward-looking statements. Such forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors
include, among others, the availability of capital to fund programs
and the resulting dilution caused by the raising of capital through
the sale of shares, accidents, labor disputes and other risks of
the automotive industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development
or construction activities or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news
release and in any document referred to in this news release. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449SOLO@mzgroup.uswww.mzgroup.us
Media Contact:Sean MahoneyC.
310-867-0670sean@electrameccanica.com
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