Workhorse Appoints Ryan Gaul as President of Commercial Vehicles
April 26 2021 - 8:30AM
Workhorse Group Inc. (Nasdaq:
WKHS)
(“Workhorse” or “the
Company”), an American technology company
focused on providing sustainable and cost-effective
drone-integrated electric vehicles to the last-mile delivery
sector, announced today that it has appointed Ryan Gaul to the
newly created position of “President – Commercial Vehicles,”
effective April 22, 2021. The President – Commercial Vehicles role
will be responsible for managing Workhorse’s commercial vehicles
division, including its manufacturing facility in Union City. Gaul
will report directly to Company CEO, Duane Hughes.
Gaul brings nearly two decades of automotive experience in
senior and executive management positions. Since 2002, he has held
leadership roles of increasing responsibility at Gentherm, Inc.
(NASDAQ: THRM), where he spearheaded manufacturing, supply-chain,
M&A, business development, marketing and IT initiatives. His
global career includes international assignments in Germany and in
China, where he led Gentherm’s lean transformation, commercial and
manufacturing expansion in Asia. Most recently, as Senior Vice
President Global Manufacturing and Supply-Chain, he managed over
10,000 associates and 12 manufacturing sites.
Gaul holds a Bachelor of Arts in Philosophy from the University
of Missouri, Columbia.
“On behalf of the entire Workhorse team, I’d like to formally
welcome Ryan to our organization,” said Workhorse CEO Duane Hughes.
“Ryan embodies a unique mix of broad functional leadership
experience with significant commercial production acumen, both of
which will be invaluable as we continue our production ramp. We’ll
be looking for Ryan to hit the ground running with our
manufacturing teams to implement better systems and industry best
practices to help us scale more quickly. Going forward, as we
continue to grow and expand our production footprint, we expect
Ryan will be playing a major role in these efforts as well.”
Gaul added: “I’m looking forward to joining the Workhorse team
at such an exciting and pivotal time in its development. I
understand firsthand the unique challenges of scaling automotive
production, and I’m confident that the combination of skills I’ve
gained through my past experiences and successes, combined with our
strategic partnerships with industry leaders like Belcan and
Hitachi and the great team Workhorse already has and continues to
grow, will ensure Workhorse remains on a path to achieve its
long-term growth goals.”
About Workhorse Group Inc.Workhorse is a
technology company focused on providing drone-integrated electric
vehicles to the last-mile delivery sector. As an American original
equipment manufacturer, we design and build high performance,
battery-electric vehicles including trucks and aircraft. Workhorse
also develops cloud-based, real-time telematics performance
monitoring systems that are fully integrated with our vehicles and
enable fleet operators to optimize energy and route efficiency. All
Workhorse vehicles are designed to make the movement of people and
goods more efficient and less harmful to the environment. For
additional information
visit workhorse.com.
Forward-Looking StatementsThis press release
includes forward-looking statements. These statements are made
under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements may be identified
by words such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained herein.
Factors that could cause actual results to differ materially
include, but are not limited to: our limited operations and need to
expand in the near future to fulfill product orders; risks
associated with obtaining orders and executing upon such orders;
the ability to protect our intellectual property; negative impacts
stemming from the continuing COVID-19 pandemic; the potential lack
of market acceptance of our products; potential competition; our
inability to retain key members of our management team; our
inability to raise additional capital to fund our operations and
business plan; our inability to satisfy covenants in our financing
agreements; our inability to maintain our listing of our securities
on the Nasdaq Capital Market; our inability to satisfy our customer
warranty claims; our liquidity and other risks and uncertainties
and other factors discussed from time to time in our filings with
the Securities and Exchange Commission ("SEC"), including our
annual report on Form 10-K filed with the SEC. Workhorse expressly
disclaims any obligation to publicly update any forward-looking
statements contained herein, whether as a result of new
information, future events or otherwise, except as required by
law.
Media Contacts:
Mike DektasCreative Storm
PR513-266-3590mike@creativestorm.com
Prosek Partners Pro-Workhorse@Prosek.com
Investor Relations Contact:
Matt Glover and Tom ColtonGateway Investor
Relations949-574-3860WKHS@gatewayir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8baee80b-f315-4b0a-bda6-ab1fbd8606dc
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