Carbon Revolution plc (Nasdaq: CREV)” (the “Company”), a Tier 1 OEM
supplier and the leading global manufacturer of lightweight
advanced technology automotive carbon fiber wheels, today announced
Robert A. (Bob) Lutz will become Chair of the Board. Mr. Lutz has
an extensive background in the automotive industry including as
Vice Chairman of General Motors.
Mr. Lutz said “I am excited to become Chair of
the Board of Carbon Revolution at this transformative time when the
Company is disrupting the global automotive wheel market with its
unique lightweight carbon fiber composite wheel technology. Carbon
Revolution is the only company to produce and sell carbon fiber
automotive wheels at scale.”
The appointment of Mr. Lutz as Chair follows the
appointment in November 2023 (at the time of the Company’s listing
on Nasdaq) of Mr. Lutz and three other US-based experienced
automotive executives Jacqueline A. Dedo, Burt Jordan and Matti
Masanovich to the Board. With the listing complete, James Douglas
will step down as Chair and will retire from the Board. Lucia Cade
and Mark Bernhard will also be retiring.
James Douglas said “I am incredibly proud of
what we have achieved at Carbon Revolution over the past 12 years
and my role in it. I am delighted that Bob has agreed to take on
the role of Chair to lead our Company in the next stage of its
development. His experience, networks and stature in the industry
will be enormously valuable to the next stage of development of
Carbon Revolution. I also want to thank Lucia Cade and Mark
Bernhard for their partnership, hard work, and commitment.”
Mr. Lutz continued “With our recent Nasdaq
listing and appointment of US directors, the Board is going through
a natural evolution as we continue our capacity ramp in Australia
and contemplate further global expansion.”
“I sincerely thank James Douglas, Lucia Cade and
Mark Bernhard for their extraordinary and longstanding
contributions to the Board. James Douglas has provided outstanding
leadership as Chair for the past 12 years – seeing Carbon
Revolution become a Nasdaq-listed advanced technology company with
a growing customer suite of world-leading car brands. Lucia Cade
has contributed enormously to creating a dynamic culture as Chair
of the Remuneration and Nominating Committee as has Mark Bernhard,
with his deep experience and networks in the automotive industry,”
concluded Mr. Lutz.
Mr. Lutz has served as a director since November
2023 and brings to the Board significant board and executive
experience in the automotive industry. In additional to his role as
Vice Chairman of General Motors, Mr. Lutz held various positions at
General Motors from September 2001 through May 2010, including
Chairman of General Motors North America, Vice Chairman of Product
Development and Vice Chairman of Marketing and Communications. Mr.
Lutz also served as Chairman and Chief Executive Officer of Exide
Technologies from 1998 until 2002 and served on its board of
directors until May 2004. Prior to his service at Exide
Technologies, Mr. Lutz served in a variety of positions at Chrysler
between 1986 and 1998, including as President and Chief Operating
Officer, and at Ford Motor Company between 1974 and 1986. Mr. Lutz
earned a Bachelor’s degree in Production Management and a Master’s
degree in Marketing, both from the University of
California-Berkeley. Mr. Lutz served as a jet-attack aviator in the
United States Marine Corps from 1954 to 1965 and attained the rank
of captain.
To complete the Board transition, and as
contemplated in the Structured Equity Facility with Orion
Infrastructure Capital (“OIC”), Chris Leary and Jonathan Magaziner
of OIC will shortly be appointed to the Board.
Following this transition the members of the
Board will be Bob Lutz (incoming Chair), Jake Dingle (CEO and
Managing Director), Jacqueline A. Dedo, Burt Jordan, Chris Leary,
Jonathan Magaziner, Matti Masanovich and Dale McKee (Chair of Audit
and Risk Committee).
About Carbon Revolution plc
Carbon Revolution plc (Nasdaq: CREV) is the
parent of Carbon Revolution Limited, an Australian technology
company, which has successfully innovated, commercialized and
industrialized the advanced manufacture of carbon fiber wheels for
the global automotive industry. The Company has progressed from
single prototypes to designing and manufacturing lightweight wheels
for cars and SUVs in the high performance, premium and luxury
segments, for the world’s most prestigious automotive brands.
Carbon Revolution is creating a significant and sustainable
advanced technology business that supplies its lightweight wheel
technology to automotive manufacturers around the world.
For more information,
visit carbonrev.com
Forward Looking Statements
All statements other than statements of
historical facts contained in this communication are
forward-looking statements. Forward-looking statements may
generally be identified by the use of words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “project,” “forecast,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,”
“target” or other similar expressions (or the negative versions of
such words or expressions) that predict or indicate future events
or trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding the future financial performance, business
strategies, financings and expectations for the Company’s business.
These statements are based on various assumptions, whether or not
identified in this communication, and on the current expectations
of Carbon Revolution’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as a guarantee, an assurance,
a prediction or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and may differ from such assumptions, and such differences
may be material. Many actual events and circumstances are beyond
the control of Carbon Revolution.
These forward-looking statements are subject to
a number of risks and uncertainties, including (i) changes in
domestic and foreign business, market, financial, political and
legal conditions; (ii) Carbon Revolution’s ability to obtain
financing, equity, debt, or convertible debt financings to fund our
operations on favorable terms or at all , (iii) the ability to
maintain the listing of Carbon Revolution’s securities on the stock
exchange; (iv) the failure to realize the anticipated benefits of
the business combination and related transactions; (v) risks
relating to the uncertainty of the costs related to the business
combination; (vi) risks related to the rollout of Carbon
Revolution’s business strategy and the timing of expected business
milestones; (vii) the effects of competition on Carbon Revolution’s
future business and the ability of the combined company to grow and
manage growth, establish and maintain relationships with customers
and healthcare professionals and retain its management and key
employees; (viii) risks related to our ability to meet financial
covenants and other key covenants under existing financing
arrangements, (ix) risks related to domestic and international
political and macroeconomic uncertainty, including the
Russia-Ukraine and Israel-Hamas conflicts; (x) the outcome of any
legal proceedings that may be instituted against Carbon Revolution;
(xi) the impact of the global COVID-19 pandemic and governmental
responses on any of the foregoing risks; (xii) risks related to
Carbon Revolution’s industry; (xiii) changes in laws and
regulations; and (xiv) those factors discussed in the documents
Carbon Revolution filed with the SEC, including the Shell Company
Report on Form 20-F.
If any of these risks materialize or Carbon
Revolution’s assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. There may be additional risks that Carbon Revolution
does not presently know or that Carbon Revolution currently
believes are immaterial that could also cause actual results to
differ from those contained in the forward-looking statements. In
addition, forward-looking statements reflect Carbon Revolution’s
expectations, plans or forecasts of future events and views as of
the date of this communication. Carbon Revolution anticipates that
subsequent events and developments will cause Carbon Revolution’s
assessments to change. However, while Carbon Revolution may elect
to update these forward-looking statements at some point in the
future, Carbon Revolution specifically disclaims any obligation to
do so, unless required by applicable law. These forward-looking
statements should not be relied upon as representing Carbon
Revolution’s assessments as of any date subsequent to the date of
this communication. Accordingly, undue reliance should not be
placed upon the forward-looking statements.
For further information, please
contact:
InvestorsInvestors@carbonrev.com
MediaMedia@carbonrev.com
Carbon Revolution Public (NASDAQ:CREV)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Carbon Revolution Public (NASDAQ:CREV)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024