Lordstown Motors Appoints Melissa Leonard as Executive Vice President, General Counsel & Secretary
21 Dezembro 2021 - 10:14AM
Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE)
announced today that its Board of Directors has elected Melissa
Leonard as Executive Vice President, effective January 1, 2022. Ms.
Leonard will replace Tom Canepa, LMC’s current General Counsel
& Secretary, who is leaving to pursue other opportunities.
Ms. Leonard was co-leader of the Mergers and Acquisitions team
for Baker & Hostetler LLP, where she has served as outside
counsel to the Company since 2019. Ms. Leonard has been a corporate
and transactional attorney at Baker & Hostetler LLP since 1995
and has extensive legal experience with mergers and acquisitions,
financings and corporate governance matters. Ms. Leonard was a
member of the Board of Trustees of the Museum of Contemporary Art
(MOCA), Cleveland, Ohio from 2007 – 2021 and served on the Finance
and Governance Committees. Ms. Leonard earned her Bachelor of
Science from Miami University and her Juris Doctor from the
University of Michigan School of Law.
“We are excited to have Melissa join our team at Lordstown
Motors,” said Dan Ninivaggi, CEO of Lordstown Motors. “Not only
does Melissa bring over twenty years of deep experience in mergers
and acquisitions, financing and corporate governance, she knows
Lordstown Motors well, having served as our primary outside
corporate counsel over the past two years. I look forward to her
continuing contributions as a core member of our management
team.”
“I am thrilled to be joining the LMC team at such an exciting
time,” said Leonard. “I look forward to continuing to work
alongside Dan and the entire Lordstown team as we get closer to
bringing The Endurance to our commercial fleet customers, further
strengthen our global strategic partnership with Foxconn, and
expand the commercial fleet opportunities within the automotive
industry with LMC designed and engineered electric vehicles.”
About Lordstown Motors Corp.
Lordstown Motors is an electric vehicle (EV) innovator
developing high-quality light duty commercial fleet vehicles, with
the Endurance all electric pick-up truck as its first vehicle being
launched in the Lordstown, Ohio facility. Lordstown Motors has
engineering, research and development facilities in Farmington
Hills, Michigan and Irvine, California. For additional information
visit www.lordstownmotors.com
Forward Looking Statements
This 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 “feel,” “expects,”
“estimates,” “projects,” “intends,” “should,” “is to be,” 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 not guarantees of future
performance and are subject to risks and uncertainties, which could
cause actual results to differ materially from the forward-looking
statements contained herein due to many factors, including, but not
limited to: our limited operating history and our significant
projected funding needs; our liquidity position; the need to raise
substantial additional capital to continue ongoing operations;
risks associated with the conversion and retooling of our facility
and ramp up of production; our inability to obtain binding purchase
orders from customers and potential customers’ inability to
integrate our electric vehicles into their existing fleets; our
inability to retain key personnel and to hire additional personnel;
competition in the electric pickup truck market; supply chain
disruptions; the potential inability to source essential
components; our inability to develop a sales distribution network;
the ability to protect our intellectual property rights; and the
failure to obtain required regulatory approvals. Furthermore,
potential supply chain disruptions, and their consequences on
testing and other activities, could present challenges that impact
the timing of our commercial production. Any forward-looking
statements speak only as of the date on which they are made, and
Lordstown Motors undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this press release. In addition, the closing of the
transactions contemplated by the Asset Purchase Agreement is
subject to certain conditions, including regulatory approvals and
the negotiation and execution of a contract manufacturing
agreement, so there can be no assurance we will enter into a
definitive joint venture agreement with Foxconn to co-design and
develop vehicle programs.
Contacts:
InvestorsCarter W Driscoll, CFAlordstownIR@icrinc.com
MediaKimberly Spellkimberly.spell.ext@lordstownmotors.com
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