Lev Peker Appointed to Faraday Future’s Board of Directors
August 04 2023 - 4:53PM
Business Wire
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF,”
“Faraday Future,” or “Company”), a California-based global shared
intelligent electric mobility ecosystem company, announced today
that the Board of Directors of the Company (the "Board”)
unanimously appointed Lev Peker as a member of the Board and as a
member and the Chair of the Audit Committee of the Board.
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the full release here:
https://www.businesswire.com/news/home/20230804447859/en/
Lev Peker Appointed to Faraday Future’s
Board of Directors (Photo: Business Wire)
Mr. Peker is an automotive and retail experienced C-Suite
executive who has served in the CEO role, as well as on the board
of directors at various public and private organizations. He has a
results-driven mindset and a strong track record of performance in
turnaround and high-paced organizations. Mr. Peker is currently the
CEO of PartsiD, a leading digital commerce platform for the
automotive aftermarket. Prior to that, Mr. Peker was the CEO of
CarLotz, a nationwide used car consignment retailer (which recently
merged with Shift Technologies). Prior to that role, Mr. Peker was
the CEO of CarParts.com from 2019-2022, where he oversaw a more
than doubling of annual revenue, a nearly fourfold improvement in
EBITDA and an increase in market capitalization of over 500%. He
also led the organization through a turnaround and strategic
repositioning, while creating a 3-year plan to increase operational
efficiency, maximize inventory, and improve the customer
experience. Mr. Peker has also held various executive roles at
Adorama, Sears Holdings Corporation and US Auto Parts in his
career. Mr. Peker is a Certified Public Accountant (CPA), has an
MBA from The Anderson School of Management at UCLA and a BS in
Accounting from USC’s Marshall School of Business.
On July 31, 2023, Adam He provided a letter of resignation as
interim Board Chairman, member of the Board and member of the Audit
Committee, Compensation Committee, Nominating & Corporate
Governance Committee, and Selection Committee, effective
immediately. The Company thanks Mr. He for his valuable service as
a member of the Board.
“We are honored to have an automotive and retail industry
veteran like Mr. Peker join our team during this exciting and
pivotal period of the Company,” said Xuefeng (“XF”) Chen, Global
Chief Executive Officer of FF. “Mr. Peker will provide valuable
experience and leadership along with the rest of the Board that
will help guide us as we begin the deliveries of the FF 91 2.0
Futurist Alliance to our first group of users.”
The Company recently announced the official launch of the second
phase of its co-creation delivery and expects to deliver the FF 91
2.0 Futurist Alliance to the first users at a delivery ceremony
later this month. This marks a significant milestone for the
Company as FF initiates the second phase of its three-phase
delivery plan.
Users can preorder an FF 91 vehicle via the FF Intelligent App
or through our website (English): https://www.ff.com/us/preorder/
or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App:
http://appdownload.ff.com
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate TechLuxury ultra
spire market in the intelligent EV era, and the disruptor of the
traditional ultra-luxury car civilization epitomized by Ferrari and
Maybach. FF is not just an EV company, but also a software-driven
intelligent internet company. Ultimately FF aims to become a User
Company by offering a shared intelligent mobility ecosystem.
FOLLOW FARADAY FUTURE:
https://www.ff.com/ https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements, which
include statements about the FF 91 2.0 Futurist Alliance delivery
timeline, are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include , among others:
the Company’s ability to execute on its plans to develop and market
its vehicles and the timing of these development programs
(including timely receipt of parts and satisfactory safety
testing); the Company’s estimates of the size of the markets for
its vehicles and cost to bring those vehicles to market; the rate
and degree of market acceptance of the Company’s vehicles; the
success of other competing manufacturers; the performance and
security of the Company’s vehicles; potential litigation involving
the Company; the result of future financing efforts and general
economic and market conditions impacting demand for the Company’s
products; potential cost, headcount and salary reduction actions
may not be sufficient or may not achieve their expected results;
and the ability of the Company to attract and retain employees, any
adverse developments in existing legal proceedings or the
initiation of new legal proceedings, and volatility of the
Company’s stock price.. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
“Risk Factors” section of the Company’s Form 10-Q filed with the
Securities and Exchange Commission (“SEC”) on May 12, 2023, the
“Risk Factors” section of the Company’s Annual Report on Form 10-K
filed with the SEC on March 9, 2023, and other documents filed by
the Company from time to time with the SEC. 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. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and the Company does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230804447859/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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