Mullen Automotive Taps Former GM Executive John Schwegman as Chief Commercial Officer for Next Phase of EV Growth
October 21 2022 - 8:00AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today the hiring of John Schwegman as its
chief commercial officer (“CCO”) for Mullen’s line of commercial
vehicles.
Prior to joining Mullen, Schwegman spent 35 years of his career
at General Motors (“GM”), where he held various executive-level
roles in which he led global teams across four continents. At GM,
he oversaw the growth of commercial product lines, repositioned
core brands, developed Chevrolet's core electric vehicle
prioritization, relaunched GM's previously retired medium-duty
commercial fleet business and more.
Schwegman’s primary focus will be on growth strategy for
Mullen’s lineup of commercial EVs, covering Class 1 through Class 6
of light- and medium-duty trucks. Mullen’s current commercial
vehicle lineup includes Class 1 and 2 EV cargo vans. Mullen
recently made a majority acquisition of Bollinger Motors, whose
portfolio includes Class 3 through Class 6 commercial vehicles.
Schwegman will oversee new enterprise and fleet sales opportunities
across all Mullen-Bollinger commercial vehicle categories.
“John has tremendous experience in commercial automotive sales,
and this makes him a highly strategic addition to Mullen,” said
David Michery, CEO and chairman of Mullen Automotive. “We are very
excited to have John on board; he will play a central role as CCO
in the product planning and business development of our commercial
vehicle division.”
“After an exciting career with GM, I decided to look further
into the overall EV landscape. I was impressed with Mullen’s
strategic approach, including the portfolio, the plants and
Mullen’s speed to market. Mullen’s strategy, combined with my
experience in commercial vehicles and strong relationship with
fleets and dealers, will allow us to build a very competitive
commercial EV story,” Schwegman said.
About MullenMullen Automotive is a Southern
California-based automotive company building the next generation of
premium electric vehicles (EVs) that are affordable and built
entirely in the United States. With an end-to-end ecosystem that
supports owners from test driving to financing and servicing
through a unique hybrid dealership model, customers are supported
through every aspect of EV ownership. The Mullen FIVE, the
Company’s first electric crossover, is slated for delivery in 2024
and features an award-winning design and its patented PERSONA
technology that utilizes facial recognition to personalize the
driving experience for every individual. To learn more about the
company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult to
predict. Examples of such risks and uncertainties include but are
not limited to: (i) whether the appointment of John Schwegman will
be beneficial to the Company; (ii) whether the Company will deliver
its vehicles within the slated timelines; (iii) Mullen’s ability
(or inability) to obtain additional financing in sufficient amounts
or on acceptable terms when needed; (iv) Mullen's ability to
maintain existing, and secure additional, contracts with
manufacturers, parts and other service providers relating to its
business; (v) Mullen’s ability to successfully expand in existing
markets and enter new markets; (vi) Mullen’s ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (vii) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (viii) the
ability to attract and retain qualified employees and key
personnel; (ix) adverse effects of increased competition on
Mullen’s business; (x) changes in government licensing and
regulation that may adversely affect Mullen’s business; (xi) the
risk that changes in consumer behavior could adversely affect
Mullen’s business; (xii) Mullen’s ability to protect its
intellectual property; and (xiii) local, industry and general
business and economic conditions. Additional factors that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most
recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Mullen with the Securities
and Exchange Commission. Mullen anticipates that subsequent events
and developments may cause its plans, intentions and expectations
to change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Wire Service Contact:InvestorWire (IW) Los
Angeles, Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
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