PHOENIX, Oct. 7, 2022
/PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader
in zero-emissions transportation and energy infrastructure
solutions, today announced the appointment of Andrew Vesey to its Board of Directors,
effective immediately. Vesey, President and CEO North
America at Fortescue Future Industries, will replace
DeWitt Thompson, who has stepped
down from the board after serving as a director since 2017.
"Andy's proven track record of transforming and repositioning
businesses, coupled with his passion for clean energy solutions,
makes him an ideal addition to Nikola's Board of Directors," said
Steve Girsky, Nikola's Chairman of
the Board. "With more than 40 years of diverse utility industry
experience, we are confident that his leadership and expertise will
help us execute on our strategy as we drive toward our next phase
of growth."
Girsky continued, "On behalf of the entire Board, I thank De for
his valuable contributions and unwavering commitment to Nikola.
Over the past five years, De's support and guidance have been
instrumental to the Company's development. With his role at one of
our largest dealers, De will continue to help Nikola achieve its
business objectives."
"Accelerating a decarbonized energy future is something I've
been focused on throughout the course of my career," said Vesey.
"I'm excited to join Nikola's Board of Directors and support the
Company as it advances its journey as a pioneer in zero-emission
transportation and infrastructure solutions."
Prior to joining Fortescue Future Industries, in 2019, Vesey
co-founded Earthrise Energy Inc., a firm focused on delivering
critical energy services to customers and the electric grid.
Additional former executive roles include serving as chief
executive and president of Pacific Gas and Electric Company
(PG&E), chief executive and managing director of AGL Energy,
and chief operating officer of AES Corporation. Vesey spent several
years as an energy industry consultant and leader at firms
including FTI Consulting and Ernst & Young. He also served as
chief executive and managing director of Melbourne-based CitiPower in Australia and began his career as a system
planning engineer at Consolidated Edison. Vesey has previously
served on the boards of PG&E and AGL Energy, among others.
Vesey holds a Bachelor of Science in mechanical engineering and
a Bachelor of Arts in economics both from Union College. He also earned a master's degree in
applied science from New York
University.
About Nikola Corporation
Nikola Corporation is globally transforming the transportation
industry. As a designer and manufacturer of zero-emission
battery-electric and hydrogen-electric vehicles, electric vehicle
drivetrains, vehicle components, energy storage systems, and
hydrogen station infrastructure, Nikola is driven to revolutionize
the economic and environmental impact of commerce as we know it
today. Founded in 2015, Nikola Corporation is headquartered in
Phoenix, Arizona. For more
information, visit www.nikolamotor.com or Twitter @nikolamotor.
Forward-Looking
Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements. 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 forward-looking statements
include, but are not limited to, statements regarding the
anticipated benefits of the new board appointment. These statements
are based on various assumptions, whether or not identified in this
press release, and on the current expectations of Nikola's
management. We cannot assure you that forward looking statements
will be achieved, and forward-looking statements are not
predictions of actual performance. Forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements, including
but not limited to, design and manufacturing changes, challenges
and delays; economic, financial, legal, supply chain, regulatory,
political and business conditions and changes in domestic and
foreign markets; the potential effects of COVID-19; the outcome of
legal, regulatory and judicial proceedings to which Nikola is, or
may become a party; demand for and customer acceptance of Nikola's
trucks; risks associated with development and testing of fuel cell
power modules and hydrogen storage systems; risks related to the
rollout of Nikola's business and the timing of expected business
milestones, including delivery of trucks for sale; the effects of
competition on Nikola's future business; the availability of
capital; risks associated with changes in accounting treatment or
accounting standards; and the other risks detailed from time to
time in Nikola's reports filed with the Securities and Exchange
Commission, including its quarterly report on Form 10-Q for
the quarter ended June 30, 2022 and
other documents Nikola files with the SEC. 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 Nikola specifically disclaims any
obligation to update these forward-looking statements.
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SOURCE Nikola Corporation