Energy expert joins Nikola's Board as 2024
infrastructure business expands
PHOENIX, Feb. 16,
2024 /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 energy and infrastructure expert
Carla Tully, to its Board of
Directors. Over more than two decades, Tully has built a successful
track record leading and scaling energy organizations across
Fortune 150, private equity, startup, and government entities.
Tully serves as the Vice Chair of Earthrise Energy's Board of
Directors, a Board Director for Citizens for Responsible Energy
Solutions Forum and as an Advisor to several energy transition
startups.
"As Nikola scales its energy infrastructure business,
especially in the hydrogen ecosystem, the addition of Carla to
Nikola's Board of Directors will greatly benefit our company,
employees and shareholders," said Steve
Shindler, Chairman of Nikola's Board of Directors. "Carla's
diverse business expertise, spanning from launching startups to
overseeing sizeable organizations, navigating a spectrum of energy
industry challenges to mastering capital structure and M&A, and
excelling in business development, CSR and sustainability, uniquely
positions her to support the Board as the company grows in
2024."
"I am a firm believer that now is the time to focus our
creativity and capital on decarbonizing hard-to-abate
sectors," said Tully. "Nikola is a mission-oriented company that is
at the forefront of zero-emission transportation. I've dedicated my
career to similar missions, and I am delighted to join Nikola's
Board of Directors and support Nikola in 2024 and beyond."
As Co-Founder and CEO at Earthrise Energy, PBC, Tully achieved
remarkable growth leading the energy transition company from
concept to a 1.7 GW operating business with a 2.0 GW renewable
energy development pipeline. She raised venture capital, private
equity, and debt, fueling strategic acquisitions, and built an
organization designed to execute Earthrise's unique business
model.
Before founding Earthrise, Tully served as Executive Vice
President and Managing Director of Renewable Energy at MAP Energy,
a $2.4B energy investment firm, where
she scaled MAP's renewable energy development business and raised
its first all-renewable energy fund. At The AES Corporation, a
global power leader, Tully held key leadership roles, including
President of AES UK and Ireland,
Vice President of Corporate Strategy & Investment, and Chief of
Staff for Global Utilities, where she shaped and executed growth
strategies for AES's 40 GW businesses worldwide.
Tully received the 2022 Silver Stevie Award for Best Female
Entrepreneur and the 2016 UK Institute of Directors' Award -
Director of the Year for Corporate Responsibility. She holds an MBA
from Columbia Business School, a Master
of Arts in Law and Diplomacy from the Fletcher
School at Tufts University, and
a Bachelor's degree in international relations and economics from
the University of Southern
California.
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 X @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 Ms.
Tully joining the Company's Board of Directors; Ms. Tully's
experience in the energy industry and finance and her 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