EVgo Announces Addition of Two New Board Members, Paul Segal and Jonathan Seelig
May 22 2023 - 4:16PM
Business Wire
Additions of seasoned executives with finance
and technology backgrounds further strengthens Board of Directors
with deep sector expertise
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation’s largest public fast charging networks for electric
vehicles (EVs), today announced the election of Paul Segal and
Jonathan Seelig as Class II directors at the Company’s 2023 annual
meeting of stockholders. Both directors’ terms expire at the 2026
annual meeting of stockholders.
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Paul Segal and Jonathan Seelig (Photo:
Business Wire)
Paul Segal has served as Chief Executive Officer of LS Power
since 2011. He is also a member of LS Power’s Management Committee,
overseeing one of the largest independent power and transmission
developers in the U.S. Prior to his appointment as Chief Executive
Officer, Mr. Segal oversaw LS Power’s asset management and
renewables development activities. Before joining LS Power, in 2002
Mr. Segal founded Luminus Management, a hedge fund that invested
across the capital structure of publicly traded power, energy,
utility and related companies, and served as its President and
Portfolio Manager until 2011. Mr. Segal began his career at Smith
Barney as a generalist in the Mergers and Acquisitions Investment
Banking group. He graduated with highest honors from the Rutgers
College of Engineering with a B.S. in Biochemical Engineering. Mr.
Segal currently serves as a member of the Mount Sinai Department of
Medicine Advisory Board, the Weill Cornell Medicine Dean’s Council,
the board of the Digestive Disease Research Foundation, and the
Advisory Board of the NYU Law School’s Institute for Policy
Integrity.
Jonathan Seelig has been a technology industry founder, operator
and investor for over 25 years. He co-founded Ridge, a cloud
computing platform, in October 2018 and served as its CEO from
October 2018 to October 2021 and as its Chairman from October 2021
to the present. Mr. Seelig co-founded Akamai Technologies, Inc., a
content delivery network, cybersecurity and cloud service company,
in 1997, and has held leadership or investment roles in dozens of
early-stage companies in the technology and transportation sectors.
These roles have included director of Zipcar, a car sharing
company, from 2001 to 2010 (Chairman from 2003-2010), director of
Zagster, a designer, builder and operator of bike sharing programs,
from January 2017 to September 2019, and director of Zoom
Telephonics, a creator of cable modems and other internet access
products, from May 2019 until December 2020. Mr. Seelig received a
Bachelor of Science from Stanford University. In addition to
serving on EVgo’s Board of Directors (the “Board”), Mr. Seelig will
also serve as Chair of the Board’s Nominating and Governance
Committee and as a member of both the Audit Committee and
Compensation Committee.
“We are thrilled to welcome Paul and Jonathan to the EVgo
Board,” said Cathy Zoi, CEO of EVgo. “Their leadership, industry
and finance experience will be invaluable to EVgo during this
period of tremendous growth for the EV industry and for EVgo.”
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building
and operating the infrastructure and tools needed to expedite the
mass adoption of electric vehicles for individual drivers,
rideshare and commercial fleets, and businesses. Since 2019 EVgo
has purchased renewable energy certificates to match the
electricity that powers its network. As one of the nation’s largest
public fast charging networks, EVgo’s owned and operated charging
network includes around 900 fast charging locations, 60
metropolitan areas and 30 states. EVgo continues to add more DC
fast charging locations through EVgo eXtend™, its white label
service offering. EVgo is accelerating transportation
electrification through partnerships with automakers, fleet and
rideshare operators, retail hosts such as grocery stores, shopping
centers, and gas stations, policy leaders, and other organizations.
With a rapidly growing network, robust software products and unique
service offerings for drivers and partners including EVgo Optima™,
EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a
world-class charging experience where drivers live, work, travel
and play.
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