ROCHESTER, N.Y., July 12,
2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN)
("Hyzon" or the "Company"), a high-power hydrogen fuel cell
technology developer and global supplier of zero-emission
heavy-duty fuel cell electric vehicles (FCEVs), today
announced the appointment of Matthew
Foulston to its Board of Directors, effective July 8, 2023. Foulston will serve as Chair of the
Audit Committee and as a member of the Compensation Committee.
Foulston is an accomplished financial executive, having served
as Chief Financial Officer (CFO) for three publicly listed
companies throughout his career. He also brings extensive
international expertise, with more than 30 years of experience
working across the automotive/commercial truck, mining,
agriculture, food, and animal health sectors.
"Matthew is a seasoned financial executive and we're thrilled to
welcome him as the newest independent director on Hyzon's Board,"
said Hyzon's Chief Executive Officer Parker
Meeks. "His financial experience in the heavy-duty trucking
industry will provide invaluable guidance as we further strengthen
our governance, finance, and accounting operations. I look forward
to Matthew's contributions as Hyzon continues to grow and move
toward commercialization of its FCEVs, while focusing on
controlling costs and maintaining efficiencies."
Foulston's career spans various industries and financial
functions. He has served as Executive Vice President and CFO of
Covetrus, an animal health distribution, software, and e-commerce
company; Executive Vice President and CFO of Treehouse Foods; and
CFO of Compass Minerals. Prior to that, Foulston spent over 25
years in the automotive and commercial truck sectors, including as
Senior Vice President, Operations/Corporate Finance and Investor
Relations for Navistar, Vice President and CFO of Navistar Truck,
and Senior Vice President and CFO for Mazda
North America, as well as in various finance and strategy
roles of increasing responsibility for Ford Motor Company.
"We are focused on ensuring our Board has the right mix of
skills and expertise, and Matthew brings the well-rounded
perspective of a senior finance executive to our Board," said
Hyzon's Lead Independent Director Elaine
Wong. "Paired with his keen insight into the automotive
industry, we are in a strong position to continue advancing our
mission, and we look forward to benefitting from his 30+ years of
industry experience and financial leadership."
Foulston received his Bachelor of Science in Economics from
Loughborough University in the
United Kingdom.
About Hyzon Motors, Inc.
Hyzon Motors Inc. is a
global supplier of high-power fuel cell technology focused on
integrating the technology into zero-emission heavy-duty hydrogen
fuel cell electric vehicles. Hyzon's clean hydrogen infrastructure
approach synchronizes supply with demand, accelerating the
deployment of zero emission trucks. Utilizing its proven and
proprietary hydrogen fuel cell technology, Hyzon aims to supply
zero-emission heavy duty trucks to customers in North America, Europe, Australia, and New
Zealand to mitigate emissions from diesel transportation -
one of the single largest sources of global carbon emissions. Hyzon
is contributing to the adoption of fuel cell electric vehicles
through its demonstrated technology advantage, fuel cell
performance, and history of rapid 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 "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 for the year ended December 31, 2022 filed with the U.S. Securities
and Exchange Commission (the "SEC") on May
31, 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 assurance that Hyzon
will achieve its expectations.
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SOURCE Hyzon Motors Inc.