Committee composed of storied industry
executives will provide strategic guidance, promote continued
innovation, and strengthen Embark’s customer relationships.
Embark Trucks, Inc., a leading developer of autonomous
technology for the trucking industry, today announced the formation
of its strategic advisory board, a committee of distinguished
trucking and supply chain executives that will guide Embark’s rapid
business expansion. The board will advise Embark’s overall business
strategy and bolster Embark’s ranks with some of the best and
brightest minds in the transportation industry.
Introducing new members of the Embark Advisory Board (in
alphabetical order):
- Jonathan B. DeGaynor, President & CEO, Stoneridge,
Inc.
- Rich J. Freeland, Fmr. COO, Cummins
- David A. Jackson, President & CEO, Knight
Transportation
- Terry S. Kline, Fmr. CIO, Navistar
- Michele S. Meyer, Fmr. President & SVP, Snacks
Operating Unit, General Mills
- Michael K. Pigors, Fmr. Region President, US Domestic
and US International Operations, FedEx
Detailed biographies for members can be found below.
Collectively, the advisory board members bring decades of
executive experience and well over 150 years of collective total
transportation experience to Embark. The six members come from
diverse sectors of the broader transportation industry, including
shipping, trucking, truck OEMs, Tier-1 suppliers and component
manufacturers, and consumer packaged goods.
“Our new advisory board equips Embark with a brain trust that
will help us navigate a complex and dynamic industry as we target
commercial driver-out operations in 2024,” said Alex Rodrigues, CEO
of Embark. “These thought leaders bring extraordinary experience to
Embark and will be instrumental in our ability to execute against
our business goals. We are privileged to have them on board and
look forward to their contributions.”
This announcement comes as Embark hosts analysts, investors, and
media at its headquarters for Embark Day, a behind-the-scenes event
designed to give industry watchers a comprehensive business update
and detailed look at Embark’s technology as the company plans to go
public. Embark Day attendees will have the unique opportunity to
sit in on a panel with three of the new advisory board members as
they discuss current trends in the self-driving truck industry.
In June 2021, Embark unveiled its go-to-market strategy and
entered into a definitive business combination agreement with
Northern Genesis Acquisition Corp. II (NYSE: NGAB) (“Northern
Genesis 2”). Upon closing of the proposed business combination in
the second half of 2021, subject to a vote by the shareholders of
Northern Genesis Acquisition Corp. II, Embark will become a
publicly traded company and will list on the NASDAQ under the
ticker symbol “EMBK.”
About Jonathan B. DeGaynor
Jon DeGaynor was appointed president and chief executive officer
of Stoneridge in March 2015. He has served as a director since May
2015. To accelerate growth and drive financial performance, Jon has
led the transformation of Stoneridge’s corporate structure, product
strategy and leadership team. Examples of this transformation
include the relocation of a global headquarters, two major
acquisitions, two divestitures and the development of the Company’s
game-changing technology, MirrorEye® Camera Monitor System.
Prior to joining Stoneridge, Jon served as the vice president,
strategic planning and innovation of Guardian Industries Corp., a
manufacturer of industrial glass and other building products for
commercial, residential and automotive applications. From 2008 to
2014, Jon served as vice president, business development, managing
director of Asia for SRG Global, Inc., a Guardian company and
manufacturer of chrome plated parts for the automotive, commercial
truck and consumer goods industries. Jon served as chief operating
officer, international for Autocam Corporation, a manufacturer of
precision-machine components for the automotive industry, from 2005
to 2008. Prior to that, he held positions of increasing
responsibility with Delphi Corporation from 1993 to 2005.
Jon holds a Bachelor of Science in Mechanical Engineering from
University of Michigan and a Master of Business Administration from
The Wharton School at the University of Pennsylvania.
About Rich J. Freeland
Rich Freeland has extensive experience in the North American
heavy duty trucking industry. He previously served as President and
Chief Operating Officer of Cummins Inc. from 2014 to 2019 and has
held senior leadership positions at the company since 2005. During
his tenure at Cummins, Rich led the design and manufacturing of
innovative engine products and developed partnerships with OEMs and
major national trucking companies.
Rich previously served as a board member for Cummins,
Sauer-Danfoss, and the National Association of Manufacturers. He is
currently a board member of Valvoline, a leading provider of
automotive services and premium branded lubricants, and
Cooper-Standard Automotive, a global supplier of systems and
components for the automotive industry.
Rich holds a Bachelor of Science in industrial management from
Purdue University’s Krannert School of Management and a Master of
Business Administration from Indiana University’s Kelley School of
Business.
About David A. Jackson
David Jackson has served as the Chief Executive Officer of
Knight, and now Knight-Swift, and a member of the board of
directors of Knight since January 2015. He has served as the
President of Knight since February 2011. Mr. Jackson previously
served as Knight’s Chief Financial Officer from 2004 until 2012. He
has been with Knight since 2000. Mr. Jackson served as Knight’s
Treasurer from 2006 to 2011 and Knight’s Secretary from 2007 to
2011. Prior to his appointment as the CFO, Mr. Jackson served in
several positions at Knight between 2000 and 2004.
The selection of Mr. Jackson as a director was based, among
other things, upon his extensive transportation, leadership, and
finance experience and his deep understanding of the Knight culture
and commitment to maintaining our financial and operating
performance.
About Terry S. Kline
Terry Kline is a seasoned technologist and automotive and
trucking industry expert, having served as an IT leader at major
global OEMs during his career. He previously served as Senior Vice
President and Global CIO of Navistar International from 2013 to
2018, where he was responsible for all aspects of IT across
Navistar, overseeing more than 500 employees and a budget of nearly
$200 million. Prior to Navistar, Terry held senior leadership roles
at GM from 2000 to 2012, including serving as Vice President and
Global CIO from 2009 to 2012, where he managed the company’s global
IT operations.
Terry is currently the Managing Director of TSK Technology
Group, a consulting firm he founded in 2012 specializing in the
connected vehicle industry.
Terry holds a Bachelor of Science in Computer Science and
Engineering from the University of Toledo, and a Master of Business
Administration from Indiana University.
About Michele S. Meyer
Michele Meyer has spent the majority of her 30-plus year career
in the CPG industry at General Mills and held leadership roles at
the company for over two decades. She most recently served as
President and SVP for General Mills’ Snacks Operating Unit, a
position she held from 2017 to 2019. During her tenure at General
Mills, she oversaw national product launches, restructured and
optimized global supply chains, and spearheaded major business
growth initiatives.
Michele currently serves as an Operating Partner at Newroad
Capital Partners and as a board member at the SPOON Foundation, the
National Association of Corporate Directors (Minneapolis Chapter),
and Woman Corporate Directors (Minneapolis Chapter). She has
previously held board positions at major companies and nonprofits
including GNC Holdings and CommonBond Communities.
Michele holds a Bachelor of Arts in Economics from Vanderbilt
University and Master of Business Administration from the
University of Texas, Austin.
About Michael K. Pigors
Michael Pigors spent his 40-plus year career at Federal Express
(FedEx), where he most recently served as Regional President and
Executive Vice President for US Domestic and US International,
FedEx’s largest business unit, from 2017 to 2019. Mike was
responsible for all US FedEx Express operations, including
overseeing more than 100,000 team members and managing a budget of
over $10 billion. Mike began his career at FedEx in 1979 as a Ramp
Agent, and has since worked throughout the organization, holding
senior leadership positions since 1990.
Mike previously served on the board of directors of the
Intermodal Transportation Institute, a program at the University of
Denver’s Center for Transportation Management founded to promote
sustainable transportation systems worldwide.
Mike holds a Master of Science in Science Transportation
Management from the University of Denver.
About Embark Trucks
Embark is an autonomous vehicle company building the software
powering autonomous trucks, focused on improving the safety,
efficiency, and sustainability of the nearly $700 billion a year
trucking market. Headquartered in San Francisco, CA since its
founding in 2016, Embark is America’s longest-running self-driving
truck program. The company partners with some of the largest
shippers and carriers in the nation, collectively representing over
35,000 trucks. Embark’s mission is to realize a world where
consumers pay less for the things they need, drivers stay close to
the homes they cherish, and roads are safer for the people we love.
To learn more about Embark, visit embarktrucks.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Embark’s and Northern
Genesis 2’s actual results may differ from their expectations,
estimates and projections and consequently, you should not rely on
these forward-looking statements as predictions of future events.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Embark’s and Northern Genesis 2’s expectations with
respect to future performance. These forward-looking statements
also involve significant risks and uncertainties that could cause
the actual results to differ materially from the expected results.
Factors that may cause such differences include, but are not
limited to: (1) the outcome of any legal proceedings that may be
instituted in connection with any proposed business combination;
(2) the inability to complete any proposed business combination in
a timely manner or at all; (3) delays in obtaining, adverse
conditions contained in, or the inability to obtain necessary
regulatory approvals or complete regulatory reviews required to
complete any proposed business combination; (4) the risk that the
business combination may not be completed by Northern Genesis 2
business combination deadline and the potential failure to obtain
an extension of the business combination deadline if sought; (5)
the failure to satisfy the conditions to the consummation of the
transaction, including the adoption of the agreement and plan of
merger by the stockholders of Northern Genesis 2 and Embark and the
satisfaction of the minimum trust account amount following
redemptions by Northern Genesis 2’s public stockholders; (6) the
lack of a third party valuation in determining whether or not to
pursue the proposed business combination; (7) the risk that any
proposed business combination disrupts current plans and operations
and/or the impact that the announcement of the proposed business
combination may have on Embark’s business relationships; (8) the
inability to recognize the anticipated benefits of any proposed
business combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain key employees; (9) costs related to the any
proposed business combination; (10) changes in the applicable laws
or regulations; (11) volatility in the price of Northern Genesis
2’s securities due to a variety of factors, including changes in
the competitive and highly regulated industries in which Embark
plans to operate, variations in performance across competitors,
changes in laws and regulations affecting Embark’s business and
changes in the combined capital structure; (12) the possibility
that Embark or Northern Genesis 2 may be adversely affected by
other economic, business, and/or competitive factors; (13) the
impact of the global COVID-19 pandemic; and (14) other risks and
uncertainties separately provided to you and indicated from time to
time described in filings and potential filings by Embark and
Northern Genesis 2 with the U.S. Securities and Exchange Commission
(the “SEC”), including those discussed in Northern Genesis 2’s
Annual Report Form 10-K for the fiscal year ended December 31, 2020
(“Form 10-K”) and Quarterly Report on Form 10-Q for the quarter
ended June 30, 2021 and those that are expected to be included in
the registration statement on Form S-4 and proxy
statement/prospectus discussed below and other documents filed by
Northern Genesis 2 from time to time. 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. Embark and Northern Genesis 2
caution that the foregoing list of factors is not exhaustive and
not to place undue reliance upon any forward-looking statements,
including projections, which speak only as of the date made. Embark
and Northern Genesis 2 undertake no obligation to and accepts no
obligation to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Additional Information About the Proposed Transactions and
Where to Find It
The proposed transactions will be submitted to stockholders of
Northern Genesis 2 for their consideration. Northern Genesis 2 has
filed a registration statement on Form S-4 (the “Registration
Statement”) with the SEC which includes a preliminary proxy
statement to be distributed to Northern Genesis 2’s stockholders in
connection with Northern Genesis 2’s solicitation for proxies for
the vote by Northern Genesis 2’s stockholders in connection with
the proposed transactions and other matters as described in the
Registration Statement, as well as the preliminary prospectus
relating to the offer of the securities to be issued to Embark’s
shareholders in connection with the completion of the proposed
merger. After the Registration Statement has been declared
effective, Northern Genesis 2 will mail a definitive proxy
statement and other relevant documents to its stockholders as of
the record date established for voting on the proposed
transactions. Northern Genesis 2’s stockholders and other
interested persons are advised to read the preliminary proxy
statement/prospectus and any amendments thereto and, once
available, the definitive proxy statement/prospectus, in connection
with Northern Genesis 2’s solicitation of proxies for its special
meeting of stockholders to be held to approve, among other things,
the proposed business combination, because these documents will
contain important information about Northern Genesis 2, Embark and
the proposed business combination. Stockholders may also obtain a
copy of the preliminary or definitive proxy statement, once
available, as well as other documents filed with the SEC regarding
the proposed transactions and other documents filed with the SEC by
Northern Genesis 2, without charge, at the SEC’s website located at
www.sec.gov or by directing a request to Northern Genesis 2.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Participants in the Solicitation
Northern Genesis 2, Embark and certain of their respective
directors, executive officers and other members of management and
employees may, under SEC rules, be deemed to be participants in the
solicitations of proxies from Northern Genesis 2’s stockholders in
connection with the proposed transactions. Information regarding
the persons who may, under SEC rules, be deemed participants in the
solicitation of Northern Genesis 2’s stockholders in connection
with the proposed transactions will be set forth in Northern
Genesis 2’s proxy statement/prospectus when it is filed with the
SEC. You can find more information about Northern Genesis 2’s
directors and executive officers in Northern Genesis 2’s Form 10-K
and Forms 10-Q filed with the SEC. Additional information regarding
the participants in the proxy solicitation and a description of
their direct and indirect interests will be included in the proxy
statement/prospectus when it becomes available. Stockholders,
potential investors and other interested persons should read the
proxy statement/prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from the sources indicated
above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20210922005308/en/
Embark Trucks, Inc. Investor Relations:
EmbarkIR@icrinc.com
Media: EmbarkPR@icrinc.com
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