XL Fleet Appoints John Miller to its Board of Directors
March 04 2022 - 9:11AM
Business Wire
Miller’s strong leadership and financial
management experience in the transportation, manufacturing and
distribution industries will support XL Fleet’s strategy moving
forward
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leading provider of fleet electrification solutions, announced
today the appointment of John Miller to its Board of Directors. Mr.
Miller will provide strategic counsel to support the future of the
business as the Company helps its customers meet decarbonization
and sustainability goals.
Mr. Miller has more than 40 years of executive management
experience in the transportation, manufacturing and distribution
industries, including operations and finance leadership positions
at public companies. From 2017 to 2021, he served as CEO of Power
Solutions International (OTC Pink: PSIX), a leader in the design,
engineering, and manufacturing of a broad range of advanced,
emission-certified engines and power systems. Prior to Power
Solutions, Mr. Miller served in operational and financial
management positions at Navistar, a global manufacturer of
commercial and military trucks, school buses, and diesel
engines.
“There is a growing global need for decarbonization, and I am
excited to help guide XL Fleet and its leadership team as they help
organizations meet their sustainability goals.” said Mr. Miller. “I
look forward to leveraging my experience to support this strong
leadership team, and working together with the Board and management
to help transform the future of electrification.”
“We are pleased to welcome John to our Board of Directors at
this transformational time in the Company’s journey,” said Debora
M. Frodl, Chair of XL Fleet’s Board of Directors. “The Board and
management team are confident that John adds a unique depth of
relevant business, financial and operational counsel that will
prove valuable in guiding the leadership team and helping the
Company to create long-term value for stakeholders.”
About XL Fleet
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 180 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 current report on
Form 10-K filed on March 1, 2022, 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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Investor: xlfleetIR@icrinc.com
Media: PR@xlfleet.com
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