Former TravelCenters of America CEO and
Managing Director strengthens Nikola's leadership team
PHOENIX, Dec. 15,
2023 /PRNewswire/ -- Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand, today
announced the appointment of Jonathan
Pertchik, a seasoned executive, to its Board of Directors.
With over two decades of transformational leadership, Pertchik
served as the CEO and Managing Director of TravelCenters of America
(TA) and has demonstrated success in various capacities in real
estate, investment groups and in startup environments.
"It's an honor to welcome Jon to Nikola's Board of Directors.
His wealth of experience in finance and customer service will be a
tremendous asset as we venture into 2024," said Steve Shindler, Chairman of Nikola's Board of
Directors. "We look forward to leveraging his insights, acumen and
industry relationships as we introduce our hydrogen fuel cell
electric truck to the marketplace and support our customers."
During Pertchik's most recent role at TA, he executed a
company-wide transformation that culminated in a sale of the
company at nearly 10 times the first-day share price. Part of that
transformation was a sustainable energy program, eTA, that was
championed by Pertchik and played a significant role in the
successful sale.
Before his time at TA, Pertchik led major transformations at
several other companies, including WCI Communities, ST Residential
and Intown Suites. He navigated these changes for companies owned
or controlled by notable investor groups, such as Starwood Capital
Group, TPG, Carl Icahn, Richard LeFrak and Perry Capital.
Additionally, Pertchik has served as a director for successful
startups and larger public companies, including AV Homes.
"I'm thrilled to join Nikola's Board of Directors and be a part
of a mission-driven team," said Pertchik. "I'm eager to contribute
to the company's journey as it continues to develop zero-emissions
vehicle and infrastructure solutions and pioneer cutting-edge
technology."
Pertchik holds a B.A. from Rutgers
University, a J.D. from the District of Columbia School of
Law, and an L.L.M. in International Finance Law from the
Georgetown University Law Center.
ABOUT NIKOLA CORPORATION
Nikola Corporation's mission is clear: pioneering solutions for
a zero-emissions world. As an integrated truck and energy company,
Nikola is transforming transportation and over-the-road freight
services. With our Class 8 vehicles, including battery-electric and
hydrogen fuel cell electric trucks, and our energy brand, HYLA, we
are driving the advancement of the complete hydrogen refueling
ecosystem. This encompasses supply, distribution, and dispensing,
reflecting our commitment to sustainable practices and a cleaner
future.
Nikola is based in Phoenix,
Arizona with a manufacturing facility in Coolidge, Arizona.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
Twitter @nikolamotor.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to: the Company's beliefs regarding the potential benefits of Mr.
Pertchik joining the Company's Board of Directors; Mr.
Pertchik's experience in finance and customer service and his
insights, acumen and industry relationships as assets that may help
the Company in achieving its goals; and the Company's ability to
pave the way for a more sustainable and efficient future in the
transportation industry. These forward-looking statements generally
are identified by words such as "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events based on
current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future
events to differ materially from the forward-looking statements in
this press release, including but not limited to the factors, risks
and uncertainties regarding the Company's business described in the
"Risk Factors" section of the Company's quarterly report on Form
10-Q for the quarter ended September 30,
2023 filed with the SEC, in addition to the Company's
subsequent filings with the SEC. These filings identify and address
other important risks and uncertainties that could cause the
Company's actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and, except as required by law, the Company assumes no obligation
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
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SOURCE Nikola Corporation