Beam Global Appoints Nancy Floyd to Board of Directors

Rhea-AI Summary

Beam Global has appointed Nancy Floyd to its Board of Directors, where she will serve as Chair of the Audit Committee. Floyd, a seasoned expert in clean energy and utilities, brings over 30 years of experience, including her role as founder of Nth Power LLC. Her extensive background in venture capital and corporate governance is expected to bolster Beam's growth strategy. The company specializes in innovative sustainable technologies for electric vehicle (EV) charging, enhancing energy security without the drawbacks of grid-tied solutions.

Positive

• Appointment of Nancy Floyd is expected to strengthen Beam's board with her extensive experience in clean energy and corporate governance.
• Floyd's background in venture capital and technology can accelerate Beam's growth both organically and through potential M&A opportunities.

Negative

• None.

New board member brings deep experience in clean energy, utilities and high growth companies

SAN DIEGO, April 20, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that Nancy Floyd has been appointed to the Beam Global Board of Directors. Ms. Floyd will serve as the Chair of the Audit Committee and member of the Nominating and Governance Committee and Compensation Committee of the Board.

“We conducted a thorough search and set the bar very high for our next board member,” said Beam Global CEO and Chairman of the Board, Desmond Wheatley. “Nancy Floyd brings extensive expertise in clean energy, utilities, technology and governance with broad board experience at both private and public companies. During three decades of running a venture capital fund Nancy has seen it all - including many successful energy tech company exits. This combination of business development, M&A and corporate governance makes Nancy a fantastic addition to our board as we seek to accelerate Beam’s growth both organically and inorganically.”

Ms. Floyd is the founder and Managing Director of Nth Power LLC, a venture capital firm that specializes in clean energy technology since 1993. Early in her career she founded and later served as Chief Executive Officer of NFC Energy Corporation, one of the first wind development companies in the United States. Ms. Floyd was on the founding team and worked at PacTel Spectrum Services, a provider of network management services, then joined utility consulting firm Barakat and Chamberlain where she started the technology practice. Other utility-related experience includes Vermont Public Service Board (currently known as Vermont Public Utility Commission), AltaGas Services, AltaGas Utilities, WGL and Washington Gas. She has served on 13 private company, 4 public company and six non-profit boards.

"Beam Global’s technology solves two pressing energy issues: the need to quickly and efficiently build out EV infrastructure and the urgent need to provide energy resiliency,” said Nancy Floyd, Beam Global Board Member. “I am thrilled to join this board and will bring my experience in governance and high growth companies to help Beam navigate its rapidly evolving and expanding markets.”

Nancy Floyd joins Beam Global board members Tony Posawitz, Peter Davidson, and Desmond Wheatley, Chairman of the Board.

About Beam Global
Beam Global is a Cleantech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit https://BeamForAll.com/, LinkedIn, YouTube, and Twitter.

Media Contact:
The Bulleit Group
BeamGlobal@BulleitGroup.com
+1 415-742-1894

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/6173b61c-2a33-41da-b5ab-cacb4bb563c8

FAQ

Who is the new board member at Beam Global and what is her background?

Nancy Floyd, a seasoned expert in clean energy and utilities, has been appointed to the Beam Global Board of Directors. She has over 30 years of experience, including founding Nth Power LLC.

What role will Nancy Floyd play on the Beam Global Board?

Nancy Floyd will serve as Chair of the Audit Committee and will also be a member of the Nominating and Governance Committee and Compensation Committee.

What impact is Nancy Floyd expected to have on Beam Global?

Floyd's extensive expertise is expected to enhance Beam's governance and accelerate the company's growth strategy in sustainable technologies.

What are Beam Global's primary business focuses?

Beam Global focuses on innovative sustainable technologies for electric vehicle (EV) charging and energy security, providing solutions without the risks and costs associated with grid-tied options.