VANCOUVER, BC, May 24, 2022
/CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today
announced the appointment of Mr. David
Mucciacciaro as Senior Vice President and Chief Commercial
Officer (CCO), effective May
23rd, 2022. Mr. Mucciacciaro will succeed Mr.
Rob Campbell, who is retiring after
serving as Ballard's CCO since 2017. Mr. Campbell will continue to
support the CCO transition process through July 2022.
Randy MacEwen, Ballard's
President & CEO, commented, "I am excited to welcome David to
the Ballard team. David brings over 25 years of global commercial
leadership experience from the automotive industry. His
complementary experience and skill set will be highly valuable to
Ballard as we transition into commercial scale deployment in coming
years."
"I am thrilled to join Ballard, especially at a time where we
are seeing increased global momentum in the hydrogen fuel cell
industry. I share the company's passion for zero-emission mobility
and making an impact on the decarbonization of our planet," said
Mr. Mucciacciaro. "I look forward to working with the Ballard team
to accelerate its growth trajectory and increase value to
shareholders."
Mr. Mucciacciaro has extensive executive-level experience with a
track record of success in global sales leadership roles with Tier
1 automotive suppliers, including Magna, ZF Friedrichshafen,
Faurecia, Lear Corporation and TRW Automotive. He was most recently
Vice President, Global Sales, M&A and Marketing of Magna
Electronics and on the board of directors for Magna Rohinni
Automotive. Mr. Mucciacciaro began his career as a Mechanical
Engineer and transitioned to sales where he has held various
leadership roles. Mr. Mucciacciaro holds a Bachelor of Science in
Mechanical Engineering from Virginia
Polytechnic Institute and State University.
Mr. MacEwen added, "It has been a privilege and a pleasure to
work with Rob at Ballard over the past five years, and on behalf of
the entire company, I would like to thank him for his contributions
to the organization. Rob brought sophistication and commercial
acumen to the role and provided significant value to the company
during a dynamic period. We wish him well in retirement."
Mr. Campbell stated, "I retire with confidence in the company's
future and David's ability to support Ballard's transition into
commercial scale. I am lucky to have worked alongside such a
passionate and professional team. I have the utmost confidence in
Ballard's leadership and look forward to setting David up for
success over the coming months."
About Ballard Power
Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to
deliver fuel cell power for a sustainable planet. Ballard
zero-emission PEM fuel cells are enabling electrification of
mobility, including buses, commercial trucks, trains, marine
vessels, and stationary power. To learn more about Ballard, please
visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics, product
deliveries and deployments. These forward-looking statements
reflect Ballard's current expectations as contemplated under
section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these
forward-looking statements, other than as required under applicable
legislation.
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SOURCE Ballard Power Systems Inc.