XL Fleet Announces Financial Leadership Transition and Timing of Fourth Quarter and Full-Year 2021 Earnings Release and Conference Call
February 02 2022 - 4:30PM
Business Wire
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leading provider of fleet electrification solutions, today
announced that Cielo Hernandez has resigned as Chief Financial
Officer of the Company as of January 31, 2022, to pursue other
career opportunities. Ms. Hernandez’s departure is not related to
any disagreement with the Company over its accounting principles or
practices, or financial statement disclosures.
Chris Goldner, XL Fleet’s Corporate Controller, has been
appointed to serve as Interim Chief Financial Officer, effective
February 1, 2022, while the Company undertakes a search for a
permanent successor. Mr. Goldner has over twenty years of financial
leadership experience with responsibilities including SEC
reporting, accounting policies and procedures, and internal
controls. He has served as XL Fleet’s Corporate Controller since
August 2021, with responsibility for leading the Company’s
accounting and reporting functions. Prior to joining XL Fleet, Mr.
Goldner served as Vice President, Fiscal Responsibility, Vice
President, Assistant Corporate Controller and other accounting and
financial leadership roles for Hasbro, Inc. (NYSE:HAS). Prior to
that, he worked in public accounting as an Audit Manager with
Deloitte and Touche.
“On behalf of the XL Fleet team, I want to thank Cielo for her
contributions to the Company since joining last April and wish her
all the best in her future endeavors,” said Eric Tech, Chief
Executive Officer of XL Fleet. “I am very pleased to have such a
capable and experienced professional in Chris to step into the
interim CFO role. He has the Board’s and my full support and
confidence, and we look forward to providing our latest quarterly
update on March 1.”
Fourth Quarter and Full-year 2021 Conference Call
Timing
XL Fleet will report its fourth quarter and full-year 2021
results on Tuesday, March 1, 2022, followed by a conference call
hosted by XL Fleet management at 5:00 p.m. Eastern Time.
The call can be accessed live over the telephone by dialing
877-407-3982, or for international callers, 201-493-6780 and
referencing XL Fleet. Alternatively, the call can be accessed via a
live webcast accessible on the Events & Presentations page in
the Investor Relations section of The Company’s website at
www.xlfleet.com.
A replay will be available shortly after the call and can be
accessed by dialing 844-512-2921, or for international callers,
412-317-6671. The passcode for the replay is 13726640. The replay
will be available until March 15, 2022. An archive of the webcast
will be available for a period of time shortly after the call on
the Investor Relations section of The Company’s website at
www.xlfleet.com.
About XL Fleet
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 170 million miles driven by customers such as The
Coca-Cola Company, Verizon, Yale University and the City of Boston.
XL Fleet’s hybrid and plug-in hybrid electric drive systems can
significantly increase fuel economy and reduce carbon dioxide
emissions, decreasing operating costs and meeting sustainability
goals while enhancing fleet operations. For additional information,
please visit www.xlfleet.com.
Forward Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to;
the effects of pending and future legislation; the highly
competitive nature of the Company’s business and the commercial
vehicle electrification market; litigation, complaints, product
liability claims and/or adverse publicity; cost increases or
shortages in the components or chassis necessary to support the
Company’s products and services; the introduction of new
technologies; the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition, regulatory
compliance and customer experience; the potential loss of certain
significant customers; privacy and data protection laws, privacy or
data breaches, or the loss of data; general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability to convert its sales opportunity
pipeline into binding orders; risks related to the rollout of the
Company’s business and the timing of expected business milestones,
including the ongoing global microchip shortage and limited
availability of chassis from vehicle OEMs and our reliance on our
suppliers; the effects of competition on the Company’s future
business; the availability of capital; changes in the preliminary
financial results for the quarter ended September 30, 2021 upon
completion of the Company’s financial closing procedures or upon
review and completion of procedures by the Company’s independent
registered public accounting firm, and the other risks discussed
under the heading “Risk Factors” in the Company’s amended
Registration Statement on Form S-1/A filed on October 21, 2021, and
other documents that the Company files with the SEC in the future.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. These forward-looking
statements speak only as of the date hereof and the Company
specifically disclaims any obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220202005840/en/
Investors: xlfleetIR@icrinc.com
Media: PR@xlfleet.com
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