ROCHESTER, N.Y., May 10, 2023
/PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), a global supplier
of zero-emission heavy-duty fuel cell electric vehicles, today
announced the appointment of Andrea
Farace to its Board of Directors, effective May 4, 2023. Farace will serve on the Nominating
and Governance Committee as an independent director.
Farace is an accomplished executive and leader with a long
career in finance and general business management. He gained more
than 40 years of financial services experience in Mergers and
Acquisition, Investment Banking, Corporate Banking, Treasury and
Transaction Services, Retail and Consumer Finance, and Fintech,
with over 20 years in global leadership roles at Citigroup.
Farace's deep banking background is complemented by time as a
public company CEO and experience in global operating roles across
North America, Japan, Europe, the Middle
East, and Africa.
"Andrea brings extensive expertise in finance and governance to
the Hyzon Board of Directors, gained from his work as corporate
executive and through advisory capacities as board member," said
Elaine Wong, Hyzon's Lead
Independent Director. "Andrea has a nuanced understanding and
first-hand experience navigating the complexities of scaling a
global business, which will be invaluable as Hyzon continues to
grow and move toward commercialization of its fuel cell electric
vehicles."
Farace served as Executive Vice President at Wirecard Card
Solutions Limited, where he was responsible for all Wirecard Group
divestitures globally working for the court appointed Administrator
of the Wirecard AG group. Previously, from 1999 to February 2020, Mr. Farace held several senior
positions at business units of Citigroup Inc., as Head of, or Chief
Operating Officer of, several businesses including Citi Holdings,
Citi Transaction Services, Citi CEEMEA region, Citi Japan
Investment Banking and Global Investment Banking.
Since 2022, Farace has served on the Board of HBL Bank UK Ltd,
where he is currently Chairman, a full-service banking institution,
regulated by the UK PRA and the FCA, a wholly owned subsidiary of
Habib Bank Limited, Pakistan, the
largest bank in Pakistan. Since
2020, he has served on the private Board of Wirecard Card Solutions
Limited (a formerly FCA licensed e-money institution now in
voluntary liquidation); and since 2023 on the Board of Ptech
Holdings Gmbh, a privately held electronic rating and credit
analysis provider for the financial services sector.
Farace holds a degree in Statistical, Demographic and Actuarial
Sciences from the Università di Roma as well as a Master's degree in Business
Administration from Columbia Business
School.
About Hyzon
Hyzon is a global supplier of fuel cell electric mobility, with
US operations in the Rochester,
Chicago and Detroit areas, and international operations in
the Netherlands, Australia, and China. Hyzon is an energy transition
accelerator and technology innovator, providing solutions in the
transport sector with a focus on commercial vehicles and hydrogen
supply infrastructure. Utilizing its proprietary hydrogen fuel cell
technology, Hyzon's mission is to supply zero-emission heavy duty
trucks to customers in North
America, Europe and around
the world to mitigate emissions from diesel transportation - one of
the single largest sources of carbon emissions globally. The
Company is contributing to the adoption of fuel cell electric
vehicles through its demonstrated technology advantage, fuel cell
system performance, and innovation. Visit www.hyzonmotors.com.
Forward-Looking
Statements
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, are forward-looking
statements. When used in this press release, the words "aims",
"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, Hyzon
disclaims any duty to update any forward-looking statements, all of
which are expressly qualified by the statements in this section, to
reflect events or circumstances after the date of this press
release. Hyzon 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
Hyzon, including risks and uncertainties described in the "Risk
Factors" section of Hyzon's Annual Report on Form 10-K/A for the
year ended December 31, 2021 filed
with the U.S. Securities and Exchange Commission (the "SEC") on
March 14, 2023, and other documents
filed by Hyzon from time to time with the SEC. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Hyzon gives no
assurances that Hyzon will achieve its expectations.
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SOURCE Hyzon Motors Inc.