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Ballard Appoints New Board Member

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Ballard Power Systems (NASDAQ: BLDP) announced the appointment of Ms. Kathleen Bayless to its Board of Directors effective December 9, 2021. Ms. Bayless will also serve on the Audit Committee, bringing extensive financial management experience from high-growth global organizations. Her background includes executive roles at Synaptics and Komag, alongside her tenure at Ernst & Young. Ms. Bayless aims to support Ballard in accelerating the adoption of zero-emission hydrogen fuel cells and driving long-term shareholder value.

Positive
  • Appointment of Kathleen Bayless expected to strengthen financial management and oversight.
  • Ms. Bayless has extensive experience in high-growth technology companies.
  • Her role may enhance strategic initiatives towards zero-emission fuel cells.
Negative
  • None.

VANCOUVER, BC, Dec. 9, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that, effective December 9, 2021, the company has appointed Ms. Kathleen (Kathy) Bayless to the company's Board of Directors. Ms. Bayless will also serve on the Audit Committee of the Board of Directors.

Mr. Jim Roche, Chair of Ballard's Board of Directors said, "We are pleased to announce Ms. Kathleen Bayless as a new member to our Board. Kathleen brings impressive and complementary financial management experience with high growth, global organizations. Her experience and knowledge will provide relevant and valuable insight as Ballard transitions into a growth trajectory."

Ms. Bayless noted, "I am excited to be joining the Board of Directors of Ballard, a company focused on innovative fuel cell products to reduce global emissions. I look forward to applying my experience with high growth technology companies to support Ballard's ambitions to accelerate adoption of zero-emission hydrogen fuel cells while driving long-term shareholder value."

Ms. Bayless is currently a member of the Board of Directors and Audit Committee Chair for Veeco (NASDAQ: VECO), a publicly traded leader in process equipment solutions enabling the manufacture of semiconductors, LEDs and other products. Throughout her career, Ms. Bayless held executive positions in public technology companies of various sizes in the United States. Her most recent executive roles include Chief Financial Officer, Treasurer and Senior Vice President of Synaptics (NASDAQ: SYNA), a leading supplier of human interface semiconductor solutions, as well as Chief Financial Officer and Executive Vice President of Komag, a global supplier of magnetic recording media for hard disk drives. Ms. Bayless spent the first 15 years of her career at Ernst & Young, a leading global accounting and consulting firm.

Ms. Bayless holds her CPA in the state of California and received her B.S. in Business Administration, Accounting and Finance from California State University.

About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-appoints-new-board-member-301441026.html

SOURCE Ballard Power Systems Inc.

FAQ

Who is the new board member appointed by Ballard Power Systems?

Kathleen Bayless was appointed to Ballard Power Systems' Board of Directors on December 9, 2021.

What experience does Kathleen Bayless bring to Ballard Power Systems?

Kathleen Bayless has significant financial management experience in high-growth global organizations, including previous executive roles at Synaptics and Komag.

What position will Kathleen Bayless hold at Ballard Power Systems?

Kathleen Bayless will serve on the Board of Directors and the Audit Committee.

What is the significance of Kathleen Bayless's appointment for shareholders?

Her appointment is expected to enhance financial oversight and support Ballard's goals for growth and zero-emission fuel cell adoption, potentially driving long-term shareholder value.

Ballard Power Systems Inc.

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