Mullen Hires Donald Borthwick as Vice President of Commercial Sales; Previously Head of Western Region for Ford Commercial Sales
December 08 2022 - 8:30AM
InvestorsHub NewsWire
Responsible for $3.25 Billion in Annual Sales to
Fortune 2000 Corporations in the Western U.S., With Annual Sales
Deliveries of 100,000 Vehicles
Brea, CA -- December 8th, 2022 -- InvestorsHub NewsWire
-- Mullen
Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today the hiring of Donald Borthwick as its
Vice President of Commercial Sales.
Borthwick, with over 25 years leading commercial vehicle sales
for Ford, will spearhead Mullen’s commercial vehicle sales for the
U.S. His previous accomplishments with Ford
include:
- Grew west region commercial vehicle sales 18% (2008 – 2021),
achieving regional volume and margin leadership annually
- Acquired and developed strategic relationships with key,
high-volume accounts across consumer retail, food service and
package delivery
- Secured primary vehicle supplier relationship with leading last
mile delivery company, growing account to be Ford’s second largest
commercial customer
- Cultivated early EV adopter customers which resulted in
strategic early-stage EV system-fill orders (2022)
“Don is a highly skilled and respected sales leader and will
play a key role in establishing Mullen as a leader in the
commercial EV category,” said David Michery, CEO and chairman of
Mullen Automotive.
Borthwick will be established out of the recently opened Mullen
Tech Center, located in Troy, Michigan.
“Don’s impressive track record and success in partnering
with large commercial customers make him a perfect selection to
lead our commercial sales team,” said John Schwegman, Chief
Commercial Officer for Mullen Automotive.
About Mullen
Mullen Automotive (NASDAQ:
MULN) 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.
Mullen's EV development portfolio includes the Mullen FIVE EV
Crossover, Mullen Commercial Class 1-6 EVs and Bollinger Motors,
which features both the B1 and B2 electric SUV trucks and
commercial offerings. 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. On Sept. 7, 2022, Bollinger Motors became a
majority-owned EV truck company of Mullen Automotive and on Dec. 1,
2022, Mullen closed on the acquisition of all Electric Last Mile
Solutions' (“ELMS”) assets including IP and a 650,000 square foot
plant in Mishawaka, Indiana.
Forward-Looking Statements
Certain 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 Donald Borthwick
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) 613-1900
www.MullenUSA.com
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