Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a
global developer and manufacturer of direct current (“DC”) fast
chargers for electric vehicles (“EVs”), today announced that Rob
Topol, a former Intel executive with more than 20 years of
financial experience in manufacturing and supply chain, has joined
as a senior member of the finance team and is planned to transition
to the role of Chief Financial Officer (“CFO”) of the Company.
Mr. Topol will work alongside current Tritium CFO Michael
Hipwood until the Company’s earnings announcement for the fiscal
year ending June 30, 2022, which is expected to be released in
September 2022. After the release of earnings, Mr. Hipwood is
expected to transition out of the CFO position and at that time Mr.
Topol will take over as full-time CFO.
Mr. Topol has extensive experience as an executive at Intel,
where he served as a finance leader and business executive for more
than 20 years. During his time at Intel, Mr. Topol led strategy for
the 5G and Next Gen wireless technologies business division, served
as CFO for Intel’s Global Supply Chain organization, served as CFO
for Communication and Devices based in China, has experience as a
Financial Controller as well as many years working in senior
manufacturing finance roles.
Mr. Topol drove more than $4 billion of savings in capital
investment through supply chain optimization, dual source for
equipment, and contract manufacturing. His most recent role with
Intel was CFO and Vice President (“VP”) of the Accelerated
Computing Systems and Graphics business, managing revenue, cost,
and reporting for the graphics and high-performance computing
business, including Intel ARC, Xeon HPC, data center GPU and
blockchain products.
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“It’s been a pleasure to spend the last three
years working alongside Tritium’s current CFO Michael Hipwood,
maturing the business and successfully listing it on the Nasdaq,
whilst maintaining our #2 market share globally in the EV fast
charging space,” said Tritium CEO Jane Hunter. “We’re thrilled to
welcome Rob Topol to Tritium’s leadership team. He brings a wealth
of financial expertise in electronics manufacturing and supply
chain, from the highly relevant semiconductor industry. Rob has
more than 20 years of senior leadership experience working in a US
listed company with a global footprint. His combined technical and
financial expertise will support Tritium’s global scale and growth
over the coming years.”
_____________________________________
Prior to his role as CFO and VP of Accelerated Computing Systems
and Graphics, Mr. Topol served as Intel’s CFO of Global Supply
Chain, Cost, and Inventory, where he managed a more than $30
billion manufacturing and research and development portfolio and
led a team of global controllers and analysts supporting all cost
functions at Intel. He served as the General Manager of Intel’s 5G
Wireless and Next Gen Standards business division for four years,
developing strategy and helping to build a portfolio of devices,
internet of things and network infrastructure, data center and
cloud computing solutions. Mr. Topol also served as a
Telecommunications Industry Association (TIA) board member from
2019-2021.
_____________________________________
“Working with Tritium has been the highlight of
my career,” said current Tritium CFO Michael Hipwood. “In the past
four years we have launched multiple new product lines, expanded
into new markets, built a new factory in the US, and became a
publicly traded company. I’m looking forward to working with Mr.
Topol to support a smooth transition of the finance organization
and to complete the June 30 fiscal year earnings announcement
before I wrap up. With Mr. Topol’s help, Tritium will be extremely
well-positioned to scale their manufacturing operations globally to
meet skyrocketing demand.”
_____________________________________
Mr. Topol received a Master of Business Administration degree at
Brigham Young University in 2000 and Bachelor of Arts degrees in
Behavioral Sciences and International studies at the University of
Utah in 1995.
_____________________________________
“I am excited to join Tritium to help support the
Company’s rapid growth trajectory around the globe,” said Mr.
Topol. “EV fast charging is one of the fastest-growing segments in
green-technology and Tritium is perfectly positioned to lead the
field with its technical expertise, innovative products, and strong
international partnerships. I’m thrilled to help shape the future
of Tritium as the Company continues to scale.”
_____________________________________
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and
manufactures proprietary hardware and software to create advanced
and reliable DC fast chargers for electric vehicles. Tritium’s
compact and robust chargers are designed to look great on Main
Street and thrive in harsh conditions, through technology
engineered to be easy to install, own, and use. Tritium is focused
on continuous innovation in support of our customers around the
world.
For more information, visit tritiumcharging.com
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The Company’s actual
results may differ from its expectations, estimates and projections
and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believe,”
“predict,” “potential,” “continue,” “aim” and similar expressions
are intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations, hopes, beliefs, intentions, or strategies
for the future. These forward-looking statements involve
significant risks and uncertainties that could cause the actual
results to differ materially from the expected results. You should
carefully consider the risks and uncertainties described in the
documents filed by the Company from time to time with the U.S.
Securities and Exchange Commission. 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. Most of these factors are
outside the Company’s control and are difficult to predict. The
Company cautions not to place undue reliance upon any
forward-looking statements, including projections, which speak only
as of the date made. The Company does not undertake or accept any
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
Tritium Media ContactJack
Ulrichmedia@tritium.com.au
Tritium Investors ContactCaldwell BaileyICR,
Inc.TritiumIR@icrinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4390b5b0-0764-4b35-a9e8-44d9b60e7db7
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