ROCHESTER, N.Y., April 12, 2022 /PRNewswire/ -- Hyzon
Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial
Officer, effective April 12,
2022. Mr. Chong will succeed Mark
Gordon, who has served as Hyzon's Chief Financial Officer
since August 2020. Mr. Gordon will assist with the transition
and serve as a senior advisor over the next twelve months.
Mr. Chong comes to Hyzon with significant financial executive
experience in companies engaged in innovative new
technologies. Most recently, Mr. Chong acted as Treasurer and
Head of Investor Relations at Fluence Energy, a leading global
provider of grid scale energy storage products and services and
artificial intelligence (AI)-enabled digital applications for
renewables and storage.
Previously, Mr. Chong was the Treasurer of Gogo Inc., which is
the world's largest provider of broadband connectivity services for
the business aviation market. At Gogo, Mr. Chong helped to
lead a series of debt refinancing and strategic initiatives.
Prior to Gogo Inc., Mr. Chong was engaged in investment banking and
proprietary investments at domestic and international financial
institutions. Mr. Chong holds both a BA in Economics and an
MBA from the University of Chicago.
"It is a privilege to join a global first mover and technology
innovator in the rapidly evolving hydrogen mobility space. I
look forward to executing on the business plan to accelerate the
clean energy transition by deploying zero emission commercial
vehicles as well as building out an ecosystem of renewable and
affordable hydrogen," said Mr. Chong.
"We are delighted to have Sam join the growing Hyzon team and
help drive the business towards scale production and profitability.
Hyzon will benefit from his significant experience in investor
relations and treasury functions, combined with his investment
banking background," said Craig
Knight, CEO. "In addition, we would like to thank Mark
for serving as Hyzon's CFO. He was instrumental in guiding us
through the business combination with Decarbonization Plus
Acquisition Corporation and thereby setting the stage for Hyzon to
be a public company. His deep understanding of energy, and
the future role of hydrogen, has also been an invaluable
Hyzon is a global leader in fuel cell
electric mobility, with US operations in the Rochester, Chicago and Detroit areas, and international operations in
the Netherlands, China, Australia, and Germany. Hyzon is an energy transition
accelerator and technology innovator, providing end-to-end
solutions primarily for the transport sector with a focus on
commercial vehicles and hydrogen supply infrastructure.
Utilizing its proven and proprietary hydrogen fuel cell technology,
Hyzon aims to supply zero-emission heavy duty trucks and buses to
customers in North America,
Europe and around the world to
mitigate emissions from diesel transportation, which is one of the
single largest sources of carbon emissions globally. The Company is
contributing to the escalating adoption of fuel cell electric
vehicles through its demonstrated technology advantage, leading
fuel cell performance and history of rapid innovation. Visit
This press release includes "forward-looking statements" within the
meaning of 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 present or historical fact
included in this press release, are forward-looking statements.
When used in this press release, the words "could," "should,"
"will," "may," "believe," "anticipate," "intend," "estimate,"
"expect," "project," the negative of such terms and other similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such
identifying words. These forward-looking statements are based on
management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Hyzon disclaims any duty to update any forward
-looking statements, all of which are expressly qualified by the
statements in this section, to reflect events or circumstances
after the date of this press release. Hyzon cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Hyzon, including risks and
uncertainties described in the "Risk Factors" section of
Hyzon's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the U.S. Securities
and Exchange Commission (the "SEC") on March
30, 2022, our Amended Registration Statement on Form S-1
filed with the SEC on April 6,2021,
and other documents filed by Hyzon 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. Hyzon gives no assurance that Hyzon will achieve