Philip Ryan and Philip Evershed Join Bird Board of Directors
March 30 2023 - 8:00AM
Business Wire
New Directors Bring Decades of Proven
Experience, Bolstering Bird Leadership
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally
friendly electric transportation, today announced that Philip Ryan,
Chairman of Swiss Re America Holding Corp, and Philip Evershed,
Managing Partner at PointNorth Capital, have joined the Bird Board
of Directors. Mr. Ryan and Mr. Evershed each bring with them a
wealth of experience in business and finance, lending their
expertise to Bird’s leadership team.
“In recent months, we’ve significantly expanded the leadership
on our management team and Board of Directors, adding people with
even more experience scaling companies profitably,” said Shane
Torchiana, CEO, Bird. “Phil Ryan and Phil Evershed have decades
of financial experience across numerous sectors and organizations,
which will offer valuable perspective as we work to deliver on our
goals of positive free cash flow and positive adjusted EBITDA this
year. We’re thrilled to welcome them to our Board of Directors and
look forward to working together.”
Mr. Ryan is chairman of Swiss Re America Holding Corp., a board
member for Swiss Re Ltd., is an advisor to two growth private
equity firms and has extensive public company board experience. He
has held previous roles as Chief Financial Officer of the Power
Corporation of Canada from 2008 to 2012, as well as various roles
at Credit Suisse. Mr. Evershed is a Managing Partner at PointNorth
Capital, an advisory and investment management company focused on
non-bank credit opportunities. Mr. Evershed also serves on the
Boards of Sirius-XM Satellite Radio (Canada) and VerticalScope Inc,
with prior Board of Directors experience at Iogen Corp. and
Canaccord Genuity. Mr. Evershed was previously the Co-Head of
Investment Banking and Head of Mergers and Acquisitions at CIBC
World Markets.
“I’ve been struck by the rigor and focus shown by Bird’s current
leadership team, combined with the deep commitment to the company’s
mission,” said Mr. Ryan. “Shared electric micromobility is a
critical industry for our communities and I am eager to join the
Board of Directors and lend my voice and support Bird’s
success.”
“Bird has a clear strategy for achieving its goals this year and
is well on the path to being able to achieve them,” said Mr.
Evershed. “Bird has a unique opportunity to play a
consolidation role in the e-scooter transportation market and I am
happy to help the company achieve those goals.”
In connection with joining Bird’s Board of Directors, Mr.
Evershed and Mr. Ryan intend to perfect the purchase of over
500,000 shares of Bird stock.
Mr. Ryan will serve on the Audit Committee of the Bird Board of
Directors and Mr. Evershed will serve on the Compensation Committee
of the Bird Board of Directors. Mr. Ryan and Mr. Evershed join
current Bird Board of Directors members Travis VanderZanden
(Chair), John Ivan Bitove, Robert Komin, Jim Mutrie, Antonio
Occhionero, Racquel Russell, and Kevin Talbot. More information on
Bird’s Board of Directors can be found on its Investor Relations
website.
For further information, please see Bird’s Current Report on
Form 8-K, filed on March 30, 2023.
About Bird
Bird is an electric vehicle company dedicated to bringing
affordable, environmentally friendly transportation solutions such
as e-scooters and e-bikes to communities across the world. Founded
in 2017 by transportation pioneer Travis VanderZanden, Bird’s
cleaner, affordable, and on-demand mobility solutions are available
in more than 350 cities, primarily across the United States,
Canada, Europe, the Middle East, and Australia. We take a
collaborative, community-first approach to micromobility. Bird
partners closely with the cities in which it operates to provide a
reliable and affordable transportation option for people who live
and work there.
Forward-Looking Statements
This press release contains forward-looking statements. We
intend such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical facts may be
forward-looking statements. Such forward-looking statements
include, but are not limited to, statements regarding the expected
benefits of the transaction; our path to profitability and our
future financial performance, operations, operating results and
financial condition. We have based these forward-looking statements
largely on our current expectations. These forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to, our
ability to cure our New York Stock Exchange (“NYSE”) price
deficiency and meet the continued listing requirements of the NYSE;
risks related to our relatively short operating history and our new
and evolving business model, which makes it difficult to evaluate
our future prospects, forecast financial results, and assess the
risks and challenges we may face; our ability to achieve or
maintain profitability in the future; our ability to retain
existing riders or add new riders; our Fleet Managers’ ability to
maintain vehicle quality or service levels; our ability to evaluate
our business and prospects in the new and rapidly changing industry
in which we operate; risks related to the impact of poor weather
and seasonality on our business; our ability to obtain vehicles
that meet our quality specifications in sufficient quantities on
commercially reasonable terms; our ability to compete successfully
in the highly competitive industries in which we operate; risks
related to our substantial indebtedness; our ability to secure
additional financing; risks related to the effective operation of
mobile operating systems, networks and standards that we do not
control; risks related to action by governmental authorities to
restrict access to our products and services in their localities;
risks related to claims, lawsuits, arbitration proceedings,
government investigations and other proceedings to which we are
regularly subject; risks related to compliance, market and other
risks, including the ongoing conflict between Ukraine and Russia,
in relation to any expansion by us into international markets; any
continuing impact of the COVID-19 pandemic on our business,
financial condition, and results of operations; risks related to
the impact of impairment of our long-lived assets and the other
important factors discussed in Part I, Item 1A. “Risk Factors” in
our Annual Report on Form 10-K for the year ended December 31, 2022
, and described from time to time in our future reports filed with
the Securities and Exchange Commission. The forward-looking
statements in this press release are based upon information
available to us as of the date of this press release and while we
believe such information forms a reasonable basis for such
statements, these statements are inherently uncertain and you are
cautioned not to unduly rely upon these statements. Except as
required by applicable law, we do not plan to publicly update or
revise any forward-looking statements contained in this press
release, whether as a result of any new information, future events
or otherwise.
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