Hyliion Announces Commercial Trucking Industry Veteran Jay Craig to Join Board of Directors
February 01 2022 - 8:00AM
Business Wire
Former Meritor Executive Chairman of the Board
and Chief Executive Officer brings extensive product innovation and
commercialization experience
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 semi-trucks, today
announced that Jeffrey A. (Jay) Craig will join its board of
directors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220201005256/en/
Jay Craig (Photo: Business Wire)
A highly recognized leader in the commercial vehicle space,
Craig oversaw the advancement of Meritor’s product portfolio during
his tenure as Chief Executive Officer, where he guided the
development of a multitude of electrification products—some of
which are now used on the Hyliion Hypertruck ERX™. Craig also
worked closely with numerous commercial vehicle OEMs to make
Meritor products part of their standard and electric vehicle
offerings.
Prior to serving as Meritor’s CEO, Craig held other executive
positions with the company, including Senior Vice President and
Chief Financial Officer, and President and Chief Operations
Officer, where he oversaw both Commercial Truck & Industrial
and Aftermarket & Trailer business segments.
“Jay’s extensive background in driving product development in
the commercial trucking industry paired with his sharp financial
acumen makes him a strong addition to the Hyliion board. He joins
at a pivotal and exciting time in the Hypertruck ERX
commercialization process, as we continue to execute on our product
roadmap and deliver a powertrain solution that will change the
future of trucking,” said Thomas Healy, Founder and CEO of Hyliion.
“Hyliion will certainly benefit from his experience leading a
global drivetrain company into the electrification space as well as
his support of our vision of a cleaner environment through
innovative technology,” Healy added.
Before beginning his career at Meritor, Craig was President and
Chief Executive Officer of General Motors Acceptance Corporation
("GMAC") Commercial Finance and President and Chief Executive
Officer of GMAC’s Business Credit division. He joined GMAC as
general auditor from Deloitte & Touche, where he served as an
audit partner.
Craig holds a Bachelor of Science degree in accounting from
Michigan State University and a Master of Business Administration
from Duke University in Durham, North Carolina.
About Hyliion
Hyliion Holdings Corp.’s (NYSE: HYLN) mission is to reduce the
carbon intensity and greenhouse gas (GHG) emissions of Class 8
commercial trucks by being a leading provider of electrified
powertrain solutions. Leveraging advanced software algorithms and
data analytics capabilities, Hyliion offers fleets an easy,
efficient system to decrease fuel and operating expenses while
seamlessly integrating with their existing fleet operations.
Headquartered in Austin, Texas, Hyliion designs, develops, and
sells electrified powertrain solutions that are designed to be
installed on most major Class 8 commercial trucks, with the goal of
transforming the commercial transportation industry’s environmental
impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in 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,
regarding Hyliion and its future financial and operational
performance, as well as its strategy, future operations, estimated
financial position, estimated revenues, and losses, projected
costs, prospects, plans and objectives of management are forward
looking statements. When used in this press release, including any
oral statements made in connection therewith, 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, Hyliion expressly disclaims any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements herein, to reflect events or
circumstances after the date of this press release. Hyliion
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 Hyliion. These
risks include, but are not limited to, Hyliion’s ability to disrupt
the powertrain market, Hyliion’s focus in 2021 and beyond, the
effects of Hyliion’s dynamic and proprietary solutions on its
commercial truck customers, accelerated commercialization of the
Hypertruck ERX, the ability to meet 2021 and future product
milestones, the impact of COVID-19 on long-term objectives, the
ability to reduce carbon intensity and greenhouse gas emissions and
the other risks and uncertainties set forth in “Risk Factors”
section of Hyliion’s annual report on Form 10-K/A filed with the
Securities and Exchange Commission (the “SEC”) on May 17, 2021 for
the year ended December 31, 2020. Given these risks and
uncertainties, readers are cautioned not to place undue reliance on
such forward-looking statements. Should one or more of the risks or
uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, actual results and plans
could differ materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact Hyliion’s operations and projections can be
found in its filings with the SEC. Hyliion’s SEC Filings are
available publicly on the SEC’s website at www.sec.gov, and readers
are urged to carefully review and consider the various disclosures
made in such filings.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220201005256/en/
Hyliion Holdings Corp. Ryann Malone press@hyliion.com
(833) 495-4466 Sharon Merrill Associates, Inc. Nicholas
Manganaro hyln@investorrelations.com (617) 542-5300
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hyliion (NYSE:HYLN)
Historical Stock Chart
From Apr 2023 to Apr 2024