Hyliion Names Jon Panzer as Chief Financial Officer
September 12 2022 - 8:00AM
Business Wire
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in
electrified powertrain solutions for Class 8 commercial
semi-trucks, has announced that Jon Panzer has joined the company
as Chief Financial Officer. Panzer brings extensive expertise in
leading financial activities for Union Pacific Railroad Company,
one of the nation’s largest railroads, with a broad understanding
of transportation, logistics and technology. He will oversee all
aspects of Hyliion’s financial operations, including financial
planning and analysis, accounting, treasury, tax and investor
relations.
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“With his long-tenured career at Union Pacific, Jon brings with
him to Hyliion a wealth of financial leadership experience that is
only matched by his significant background in strategic technology
and transportation operations,” said Hyliion founder and CEO Thomas
Healy. “I’m thrilled to have Jon join the leadership team and I
look forward to his contributions and adept guidance as the company
continues down its product development path toward
commercialization,” added Healy.
Prior to joining Hyliion, Panzer spent 26 years at Union Pacific
Railroad Company, where he was most recently Senior Vice President
of Intermodal Operations. He also served as Senior Vice President
of Technology and Strategic Planning, Vice President and Treasurer,
and Vice President, Financial Planning and Analysis. Panzer’s
financial experience includes treasury operations, investor
relations, banking, capital budgeting, financial reporting and cost
accounting. As head of the railroad’s information technology
organization, Panzer was responsible for managing application
development, technology infrastructure and cyber security.
Earlier, Panzer held executive positions in Marketing and Sales
within the Union Pacific’s Intermodal and Chemicals business
segments and served in the United States Navy as a nuclear
engineer.
Panzer holds a Bachelor of Science degree in Electrical
Engineering from the University of Nebraska-Lincoln, and an MBA
from Carnegie Mellon University.
Panzer said, “I am excited to join Hyliion at such a pivotal
time, as it’s experiencing incredible growth and strides in
technology. There is so much opportunity as we look ahead to
transforming the transportation industry, and I am proud to be a
part of an organization whose ambitious mission is reinforced by
true innovation.”
As of September 8, Hyliion’s former CFO Sherri Baker is no
longer with the company.
About Hyliion
Hyliion’s 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 2022 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 2022 and future product
milestones, the impact of COVID-19 on long-term objectives, the
ability to reduce carbon intensity and greenhouse gas emissions,
the expected performance and integration of the KARNO generator and
system, and the other risks and uncertainties set forth in “Risk
Factors” section of Hyliion’s annual report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”) on February 24,
2022 for the year ended December 31, 2021. 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 different 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.
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Ryann Malone press@hyliion.com (833)
495-4466
Sharon Merrill Associates, Inc. Nicholas
Manganaro hyln@investorrelations.com (617)
542-5300
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