Electra Meccanica Appoints Auto Industry Executive Paul Rivera as New Chief Executive Officer
June 20 2019 - 4:05PM
Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) (“Electra
Meccanica” or the “Company”), a designer and manufacturer of
electric vehicles, today announced the appointment of automotive
and advanced propulsion systems expert, Paul Rivera, as the
company’s new Chief Executive Officer. Jerry Kroll, who is Founder
and has served as CEO since 2015, and envisioned an all-electric
future for the company, will continue to contribute to the success
of Electra Meccanica during this transition and will continue to
advise in the future as a board member.
Before joining Electra Meccanica, Rivera most
recently served as President of Ricardo, USA, a division of
Ricardo, PLC (LON: RCDO), a 100-year-old global engineering,
strategic, and environmental consultancy business with a value
chain that includes the design, engineering, testing, and product
launch, of vehicle systems, as well as the niche manufacture of
high performance products. Previous to that, as Executive VP
of Hybrid & Electric Systems at Ricardo, Rivera led the
company’s evolution towards an efficient and sustainable low carbon
future. Ricardo's engineering and design solutions have had a
significant impact on technical developments throughout the auto
sector, providing innovative solutions across engines, drivelines
and hybrid systems, as well as supporting the development of
emerging technologies such as autonomous and connected vehicles.
Rivera brings more than two decades of experience in technical
consulting, engineering services, general management, global
business development, and a deep understanding of engineering in
the automotive, transport, and energy industries to Electra
Meccanica.
“Coming from leadership positions that have
pioneered evolutionary change at global automotive and engineering
companies, I’m excited to join Electra Meccanica to help steer the
next stage of the company’s remarkable growth,” said Rivera, Chief
Executive Officer of Electra Meccanica. “I look forward to
contributing my experience to further drive Electra Meccanica’s
strong momentum as we continue our mission to make electric
vehicles accepted across the world.”
Rivera is joining Electra Meccanica at a pivotal
moment. With more than 60,000 pre-orders of vehicles and the
opening of a state-of-the-art production facility in Chongqing,
China, Electra Meccanica is ramping up for mass
production.
“We’ve seen a tremendous response from consumers
and partners for Electra Meccanica’s portfolio of vehicles,”
commented outgoing CEO, Jerry Kroll. “We’re thrilled to have Paul
join our team to grow our company and to accelerate the development
of our amazing products. We’re headed toward a very exciting period
of growth for the company and Paul is the perfect executive to help
lead us into the future.”
For more information about Electra Meccanica,
please visit www.electrameccanica.com
About Electra Meccanica Vehicles Corp.Electra
Meccanica is a designer and manufacturer of electric vehicles. The
Company builds the innovative, all-electric SOLO, a single
passenger vehicle developed to revolutionize the way people
commute, as well as the Tofino, an elegant high-performance
two-seater electric roadster sports car. Both vehicles are tuned
for the ultimate driving experience while making your commute more
efficient, cost-effective and environmentally friendly.
Intermeccanica, a subsidiary of Electra Meccanica, has successfully
been building high-end specialty cars for 60 years. For more
information, visit www.electrameccanica.com.
Forward Looking StatementsSome of the
statements contained in this press release are forward-looking
statements and information within the meaning of applicable
securities laws. Forward-looking statements and information can be
identified by the use of words such as “expects”, “intends”, “is
expected”, “potential”, “suggests” or variations of such words or
phrases, or statements that certain actions, events or results
“may”, “could”, “should”, “would”, “might” or “will” be taken,
occur or be achieved. Forward-looking statements and information
are not historical facts and are subject to a number of risks and
uncertainties beyond the Company’s control. Actual results and
developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements
contained in this news release. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by law.
Media Contacts: Sean MahoneyElectra
Meccanica Media (U.S.)310-867-0670sean@electrameccanica.com Chris
Thatcher 212.999.5585cthatcher@5wpr.com
Investor Relations: Greg Falesnik Managing
Director MZ Group - MZ North America (949) 385-6449
greg.falesnik@mzgroup.us www.mzgroup.us
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