Weiland Brings Deep Experience Leading
Financial Operations, Growth Capital Programs and Cash
Management
ROCHESTER, N.Y., Oct. 24,
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 the
appointment of Stephen Weiland as
Chief Financial Officer (CFO) of the company, effective
November 1, 2023.
As CFO, Weiland will be responsible for overseeing Hyzon's
financial operations, including financial planning and analysis,
accounting, treasury, investor relations, and IT. He brings two
decades of experience that include leading financial operations as
CFO, driving diverse growth capital programs, executing
transactions in the cleantech sector, and implementing critical
financial processes. Most recently, he served as CFO for Boom
Supersonic where he was responsible for the supersonic aircraft
manufacturer's financial and information technology functions.
Prior to his role at Boom, Weiland worked at Caterpillar as a
Division CFO for manufacturing and engineering, digital, and
procurement divisions.
"Stephen is a veteran in leading financial teams from his time
as CFO at both an early-stage technology-led company and multiple
divisions at Caterpillar," said Hyzon's Chief Executive Officer
Parker Meeks. "With a background
spanning capital markets, financial services and corporate
financial leadership, Stephen brings experience critical to Hyzon's
continued drive toward long-term capital stability and innovation
in fuel cell-powered decarbonization."
Weiland's career is rooted in accounting, having started his
career in audit as a certified public accountant before
transitioning to investment banking. His financial leadership and
transaction experience span various industries, including
transportation and emerging technology.
"Hyzon is at the center of the hydrogen transition, developing
breakthroughs in its leading fuel cell technology and deploying
heavy-duty, zero-emission hydrogen fuel cell electric vehicles
around the world, and I am excited to join this team," said
Weiland. "I plan to build upon the company's recent strides in
expanding the financial capabilities, forecasting, and capital
management."
Weiland received his Bachelor of Science in Accountancy from the
University of Illinois at
Urbana-Champaign and his MBA from Northwestern University's Kellogg School of
Management.
Jiajia Wu, the company's interim
CFO since April 2023, will transition
to the role of Senior Vice President, Finance and Accounting. As
Interim CFO, Wu successfully led Hyzon through critical financial
and accounting milestones in 2023, including the filing of multiple
quarterly and annual periodic reports and the implementation of
vital governance and controls processes.
About Hyzon
Hyzon Motors is a global supplier of
high-power fuel cell technology focused on integrating the
technology into zero-emission heavy-duty hydrogen fuel cell
electric vehicles. Hyzon's clean hydrogen infrastructure approach
synchronizes supply with demand, accelerating the deployment of
zero emission trucks. 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 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 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 Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities
and Exchange Commission (the "SEC") on May
31, 2023, and other documents filed by Hyzon from time to
time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Hyzon gives no assurance that Hyzon
will achieve its expectations.
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SOURCE Hyzon Motors Inc.