Allego Announces Chief Financial Officer Transition

Rhea-AI Summary

Allego N.V. announced the departure of Chief Financial Officer Ton Louwers effective June 30, 2024, following the company's public listing in March 2022. The company is initiating an external search for a new CFO. CEO Mathieu Bonnet expressed gratitude for Louwers' contributions and highlighted the company's successful financial professionalization under his leadership.

ARNHEM, Netherlands--(BUSINESS WIRE)-- Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced its Chief Financial Officer, Ton Louwers, is leaving the Company effective June 30, 2024. Following Allego’s public listing in March of 2022, Mr. Louwers is transitioning away from the Company to pursue new opportunities. Allego has initiated an external search for a new Chief Financial Officer.

Mathieu Bonnet, Chief Executive Officer, said, “Ton has played a crucial role over the last several years, helping to bring the Company public, improve our financial and operating performance, and execute on our strategy and growth plan. Under his leadership, the Company successfully professionalized the finance function, navigating the many challenges we faced prior to and after the listing. I am grateful for his many contributions, and I look forward to continuing his important work to support the Company.”

Ton Louwers, Chief Financial Officer, commented “It has been a great privilege to serve as CFO of Allego. I am exceptionally proud of all that we have been able to accomplish during my time here, and I am confident that the Company has a bright future ahead. I am excited to begin pursuing new opportunities and look forward to working with Allego through this period.”

About Allego

Allego is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with 100% renewable energy. Allego has developed a comprehensive portfolio of innovative charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. With a network of 30,000 charging points (and counting) spanning 16 countries, Allego delivers independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Founded in 2013 and publicly listed on the NYSE in 2022, Allego now employs a team of 200 people striving every day to make charging accessible, sustainable, and enjoyable for all.

For more information, please visit www.allego.eu.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are forward-looking statements. Allego intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. 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, without limitation, Allego’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely affecting Allego’s business, (ii) the price and availability of electricity and other energy sources, (iii) the risks associated with vulnerability to industry downturns and regional or national downturns, (iv) fluctuations in Allego’s revenue and operating results, (v) unfavorable conditions or further disruptions in the capital and credit markets, (vi) Allego’s ability to generate cash, service indebtedness and incur additional indebtedness, (vii) competition from existing and new competitors, (viii) the growth of the electric vehicle market, (ix) Allego’s ability to integrate any businesses it may acquire, (x) Allego’s ability to recruit and retain experienced personnel, (xi) risks related to legal proceedings or claims, including liability claims, (xii) Allego’s dependence on third-party contractors to provide various services, (xiii) data security breaches or other network outage, (xiv) Allego’s ability to obtain additional capital on commercially reasonable terms, (xv) Allego’s ability to remediate its material weaknesses in internal control over financial reporting, (xvi) the impact of COVID-19, including COVID-19 related supply chain disruptions and expense increases, (xvii) general economic or political conditions, including the Russia/Ukraine conflict or increased trade restrictions between the United States, Russia, China and other countries, and (xviii) other factors detailed under the section entitled “Risk Factors” in Allego’s filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego presently does not know or that Allego 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 Allego’s expectations, plans or forecasts of future events and views as of the date of this press release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240206432408/en/

Investors

investors@allego.eu

Media

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Source: Allego N.V.

FAQ

When is Ton Louwers leaving Allego N.V.?

Ton Louwers is leaving Allego N.V. effective June 30, 2024.

What is the ticker symbol for Allego N.V.?

The ticker symbol for Allego N.V. is ALLG.

Who is the Chief Executive Officer of Allego N.V.?

The Chief Executive Officer of Allego N.V. is Mathieu Bonnet.

When was Allego N.V. publicly listed?

Allego N.V. was publicly listed in March 2022.

Why is Ton Louwers leaving Allego N.V.?

Ton Louwers is leaving Allego N.V. to pursue new opportunities.

What role did Ton Louwers play at Allego N.V.?

Ton Louwers played a crucial role in bringing the company public, improving financial and operating performance, and executing the company's growth plan.