ESS Inc. Welcomes Alexi Wellman to Board of Directors
October 20 2021 - 9:10AM
ESS Tech, Inc. (NYSE:GWH) (“ESS” or “ESS Inc.”), a U.S.
manufacturer of long-duration batteries for commercial and
utility-scale energy storage applications, announces the
appointment of Alexi Wellman to the company’s Board of Directors,
effective October 12, 2021. She will also serve as Chair of the ESS
Board Audit Committee.
Ms. Wellman has been the Chief Financial Officer of Altaba, Inc.
since June 2017. She was Vice President, Finance and ultimately
Vice President, Global Controller of Yahoo Inc. from November 2013
to June 2017 and Chief Financial Officer of Nebraska Book Company
from December 2011 to June 2013. Prior to her employment with
Nebraska Book Company, she was a practicing certified public
accountant with KPMG LLP for 18 years, over 7 years of which she
served as an audit partner.
Ms. Wellman brings a wealth of knowledge and experience in
financial management, accounting and corporate governance to the
ESS board, gained from working with a wide range of multinational
companies across different industrial and technology sectors.
Ms. Wellman currently serves on the Board of Directors and is an
audit committee and compensation committee member of Werner
Enterprise, Inc. (NASDAQ: WERN) and Bilander Acquisition Corp
(NASDAQ:TWCB). Previously, she has served on the Board of Directors
of numerous companies including Endurance International Group,
Inc., Yahoo Japan, TWC Tech Holdings II Corp., and Nebula Caravel
Acquisition Corp.
“I am excited to join the Board of Directors of ESS at such a
pivotal time,” stated Ms. Wellman, “given ESS' potential ability to
impact the decarbonization mission. I look forward to bringing my
extensive experience in providing financial oversight to numerous
public companies to the board.”
“We are very pleased to have Alexi join our team at a key moment
in ESS’ history as a publicly traded company,” said Eric
Dresselhuys, ESS CEO. “Her experience will prove invaluable as we
scale up production, expand our global sales network, and execute
on our growth plans.”
Ms. Wellman joins ESS board members Michael R. Niggli (Chair),
Eric Dresselhuys, Craig Evans, Raffi Garabedian, Rich Hossfeld,
Shirley Speakman, Kyle Teamey, and Daryl Wilson.
About ESS, Inc.ESS Inc. (NYSE: GWH) designs,
builds and deploys environmentally sustainable, low-cost, iron flow
batteries for long-duration commercial and utility-scale energy
storage applications requiring from 4 to 12 hours of flexible
energy capacity. The Energy Warehouse™ and Energy Center™ use
earth-abundant iron, salt, and water for the electrolyte, resulting
in an environmentally benign, long-life energy storage solution for
the world’s renewable energy infrastructure. Established in 2011,
ESS Inc. enables project developers, utilities, and commercial and
industrial facility owners to make the transition to more flexible
non-lithium-ion storage that is better suited for the grid and the
environment. For more information, visit www.essinc.com.
Forward-Looking StatementsThis communication
contains certain forward-looking statements, including statements
regarding ESS’ and its management team’s expectations, hopes,
beliefs, intentions or strategies regarding the future. The words
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”,
“intends”, “may”, “might”, “plan”, “possible”, “potential”,
“predict”, “project”, “should”, “would” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements are based on ESS’ current expectations
and beliefs concerning future developments and their potential
effects on ESS. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
communication. There can be no assurance that the future
developments affecting ESS will be those that we have anticipated.
These forward-looking statements involve a number of risks,
uncertainties (some of which are beyond ESS’ control) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements. Certain of these risks are identified
and discussed in the section titled “Risk Factors” in the
definitive proxy statement/prospectus filed by ACON S2 Acquisition
Corp. with the Securities and Exchange Commission (“SEC”) on
September 14, 2021 (the “Proxy Statement”). These risk factors will
be important to consider in determining future results and should
be reviewed in their entirety. Except as required by law, ESS is
not undertaking any obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise. Readers should carefully review the
statements set forth in the reports which ESS has filed or will
file from time to time with the SEC, including the Proxy
Statement.
ContactsInvestors:Erik
Bylininvestors@essinc.com
Media:Gene HuntTrevi Communications,
Inc.978-750-0333 x.101 gene@trevicomm.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2685209-643a-4567-a232-31f54b8d4b02
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