XL Fleet Bolsters Executive Team with Appointment of Cielo M. Hernandez as Chief Financial Officer
April 20 2021 - 7:30AM
Business Wire
Accomplished finance executive with more than
25 years of public and private company experience joins fleet
electrification leader
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leading provider of fleet electrification solutions for commercial
vehicles in North America, today announced the addition of Cielo M.
Hernandez as Chief Financial Officer of XL Fleet. As CFO, Hernandez
will oversee the Company’s financial organization, including
financial reporting, financial planning, internal controls, as well
as treasury. Hernandez’s extensive experience and capability will
also contribute to strategic planning, M&A, and investor
relations.
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Cielo M. Hernandez (Photo: Business
Wire)
“We are extremely excited to welcome Cielo to our leadership
team,” said Dimitri Kazarinoff, Chief Executive Officer of XL
Fleet. “Cielo is a high-caliber finance executive whose extensive
experience driving growth, operational improvements and functional
excellence positions her very well to lead XL Fleet’s finance
organization and deliver significant value to our stakeholders. I
look forward to working closely with Cielo as we continue to
execute on our growth plan as a public company.”
Hernandez is a finance professional with more than 25 years of
experience, with an extensive track record of leading global teams
and strategies for both publicly traded and private companies. She
has held various positions in finance, operations, procurement and
information systems, and prior to joining XL Fleet, served as
Senior Vice President and Chief Financial Officer of South Jersey
Industries, Inc., a publicly traded energy utility company. She
previously served as Vice President and Chief Financial Officer for
the North America region at A.P. Moeller Maersk A/S, and held
leadership roles at APM Terminals, Amcor and DIRECTV.
“Cielo’s strong finance and accounting background at both public
and private companies is well-aligned with XL Fleet’s growth
trajectory, and her strategic financial leadership is immensely
valuable at a critical time in our company’s evolution,” said Tod
Hynes, Founder and President of XL Fleet. “We look forward to
Cielo’s contributions toward our ongoing growth and our mission of
leading electrification across the global commercial fleet
space.”
Hernandez earned her undergraduate degree in Accounting from
Universidad Santiago de Cali, Colombia. She also holds a Master of
Business Administration degree with specialization in International
Business from the University of Miami. Hernandez is a Certified
Public Accountant and holds a Certification in Human Resources
Talent Management from Universidad Santiago de Cali, Colombia as
well as Certifications in Executive Leadership and High-Performance
Leadership from Cornell University, and Strategic Leadership and
Improving the Business from IMD University Switzerland. Hernandez
is a Board member of Rowan University Foundation and was named as
one of South Jersey Biz’s Women to Watch for 2020.
About XL Fleet
XL Fleet is a leading provider of fleet electrification
solutions for commercial vehicles in North America, with more than
150 million miles driven by customers such as The Coca-Cola
Company, Verizon, Yale University and the City of Boston. XL
Fleet’s hybrid and plug-in hybrid electric drive systems can
increase fuel economy up to 25-50 percent and reduce carbon dioxide
emissions up to 20-33 percent, decreasing operating costs and
meeting sustainability goals while enhancing fleet operations. XL
Fleet’s plug-in hybrid electric drive system was named one of TIME
magazine's best inventions of 2019. For additional information,
please visit www.xlfleet.com.
Forward Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to
failure to realize the anticipated benefits from the business
combination; the effects of pending and future legislation; the
highly competitive nature of the Company’s business and the
commercial vehicle electrification market; litigation, complaints,
product liability claims and/or adverse publicity; cost increases
or shortages in the components or chassis necessary to support the
Company’s products and services; the introduction of new
technologies; the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition, regulatory
compliance and customer experience; the potential loss of certain
significant customers; privacy and data protection laws, privacy or
data breaches, or the loss of data; general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability to convert its sales opportunity
pipeline into binding orders; risks related to the rollout of the
Company’s business and the timing of expected business milestones;
the effects of competition on the Company’s future business; the
availability of capital; and the other risks discussed under the
heading “Risk Factors” in our Annual Report on Form 10-K filed on
March 31, 2021 and other documents that the Company files with the
SEC in the future. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and the
Company specifically disclaims any obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210420005456/en/
Investor Contact: xlfleetIR@icrinc.com
Media Contact: PR@xlfleet.com
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