Experienced energy executive joins Nikola
PHOENIX, Sept. 21,
2023 /PRNewswire/ -- Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via its HYLA brand, is proud
to announce the appointment of Joseph S.
Cappello as President of Nikola Energy, effective
September 25, 2023.
As President of Nikola Energy, Cappello will oversee all aspects
of the company's energy business to support Nikola's customer
base, including infrastructure, supply strategy, trading,
technology, and development, as well as leading and expanding the
company's HYLA brand operations. His arrival coincides with the
upcoming commercial launch of the Class 8 Nikola hydrogen fuel cell
Cappello joins Nikola following a successful five-year tenure at
Iwatani Corporation of America (ICA), a U.S. subsidiary of Iwatani
Corporation, a prominent Japanese conglomerate and leader in
hydrogen production, LNG and LPG supply. In 2018, Cappello
initially served as Executive Advisor before assuming the roles of
Chairman and CEO of ICA in 2019.
"Having an accomplished energy executive of Joe's caliber join
Nikola as President of our Energy division underscores our
company's vision and potential, and sets us on a course to advance
our hydrogen highway initiatives," said Nikola President and CEO Steve Girsky. "Energy management and
infrastructure are integral to Nikola's business strategy, and Joe
has direct experience setting up hydrogen stations, which is vital
as our hydrogen fuel cell trucks hit the road in the coming
"Nikola is at the forefront of transformative change in the
global transportation sector, poised to significantly reduce diesel
emissions from Class 8 trucks," said Cappello. "I'm thrilled to be
part of this organization and contribute to its mission of
revolutionizing and decarbonizing trucking by providing an
exceptional value proposition."
ABOUT JOSEPH CAPPELLO
Joseph S. Cappello began his
career as a Sell-side Chemical Analyst on Wall Street before
joining Praxair, now Linde, where he held roles of increasing
responsibility over a 15-year period.
His first corporate assignment at Praxair was leading investor
relations, followed by operating roles managing the U.S. CO2
business, Global Helium business, and the Pipeline Services
organization. He was then named VP, North
America where he led the company's Product Management Group,
which included the largest merchant hydrogen portfolio in the U.S.
Additionally, Joe piloted the business units responsible for the
expansion of the company's position throughout Asia Pacific as President of Praxair Asia,
based in Shanghai.
Cappello then transitioned to the Private Equity sector, leading
business units in two separate companies. His leadership played a
significant role in the success of both organizations, including
managing one of the largest off-road energy transportation and
logistics businesses in the U.S.
In 2019, Cappello assumed the role of Chairman and CEO of
Iwatani Corporation of America (ICA) and was subsequently named
Senior Managing Officer of Iwatani Corporation. Under his guidance,
ICA grew significantly through acquisitions, strategic
partnerships, and transformative investments, resulting in the
establishment of four new U.S. Business Platforms: Hydrogen,
Specialty Gases, Helium, and Industrial Gases.
Cappello earned a Bachelor of Science in Business Administration
from Montclair State University and a
Master of Business Administration from New
York University, Stern School of Business.
ABOUT NIKOLA CORPORATION
Nikola Corporation's mission
is clear: pioneering solutions for a zero-emissions world. As an
integrated truck and energy company, Nikola is
transforming commercial transportation, with our Class 8 vehicles,
including battery-electric and hydrogen fuel cell electric trucks,
and our energy brand, HYLA, driving the advancement of the complete
hydrogen refueling ecosystem, covering supply, distribution and
Nikola is based in Phoenix,
Arizona with a manufacturing facility in Coolidge, Arizona.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
FORWARD LOOKING STATEMENT
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to: the Company's beliefs regarding the potential benefits of Mr.
Cappello joining the Company's executive management team; Mr.
Cappello's ability to underscore the Company's vision and
potential; Mr. Cappello's qualifications to serve as President of
Energy and ability to advance the Company's hydrogen highway
initiatives and build hydrogen stations; and the ability to drive
trucking to a zero-emissions future, encompassing trucking
products, customer solutions, and the corresponding energy
infrastructure while providing an exceptional value
proposition. These forward-looking statements generally are
identified by words such as "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events based on
current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future
events to differ materially from the forward-looking statements in
this press release, including but not limited to: risks related to
the rollout of the Company's business and milestones and the timing
of expected business milestones; and the factors, risks and
uncertainties regarding the Company's business described in the
"Risk Factors" section of the Company's quarterly report on Form
10-Q for the quarter ended June 30,
2023 filed with the Securities and Exchange Commission (the
"SEC"), in addition to the Company's subsequent filings with the
SEC. These filings identify and address other important risks and
uncertainties that could cause the Company's 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, except as
required by law, the Company assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
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SOURCE Nikola Corporation