ECD Auto Design Announces CFO Transition and Board Restructure
ECD Automotive Design (Nasdaq: ECDA) has announced significant changes in its leadership structure. Benjamin Piggott, previously the Chairman, has been appointed as the new Chief Financial Officer effective September 16, 2024. He succeeds Raymond Cole, who is stepping down for personal reasons but will remain in a consulting role through the first half of 2025.
Simultaneously, the company has restructured its Board of Directors. Scott Wallace, the CEO, has been appointed as the new Chairman of the Board. Both Benjamin Piggott and Thomas Humble have resigned from their positions on the Board.
Mr. Piggott brings extensive experience in business development and investment, having previously served as CEO of EF Hutton Acquisition I and holding positions at Laird Superfood and Fidelity Management & Research Company.
ECD Automotive Design (Nasdaq: ECDA) ha annunciato cambiamenti significativi nella sua struttura dirigenziale. Benjamin Piggott, precedentemente Presidente, è stato nominato nuovo Direttore Finanziario a partire dal 16 settembre 2024. Sostituisce Raymond Cole, che si dimette per motivi personali ma rimarrà nel ruolo di consulente fino alla prima metà del 2025.
Contemporaneamente, l'azienda ha ristrutturato il suo Consiglio di Amministrazione. Scott Wallace, l'Amministratore Delegato, è stato nominato nuovo Presidente del Consiglio. Sia Benjamin Piggott che Thomas Humble si sono dimessi dalle loro posizioni nel Consiglio.
Il sig. Piggott porta con sé un'ampia esperienza nello sviluppo aziendale e negli investimenti, avendo precedentemente ricoperto la carica di CEO di EF Hutton Acquisition I e avendo ricoperto ruoli presso Laird Superfood e Fidelity Management & Research Company.
ECD Automotive Design (Nasdaq: ECDA) ha anunciado cambios significativos en su estructura de liderazgo. Benjamin Piggott, quien anteriormente fue el Presidente, ha sido nombrado nuevo Director Financiero a partir del 16 de septiembre de 2024. Sucede a Raymond Cole, quien deja su puesto por motivos personales, pero permanecerá en un rol de consultoría durante la primera mitad de 2025.
Simultáneamente, la compañía ha reestructurado su Junta Directiva. Scott Wallace, el CEO, ha sido nombrado nuevo Presidente de la Junta. Tanto Benjamin Piggott como Thomas Humble han renunciado a sus puestos en la Junta.
El Sr. Piggott aporta una amplia experiencia en desarrollo empresarial e inversiones, habiendo ocupado anteriormente el cargo de CEO de EF Hutton Acquisition I y habiendo tenido posiciones en Laird Superfood y Fidelity Management & Research Company.
ECD Automotive Design (Nasdaq: ECDA)는 리더십 구조에 중대한 변화를 발표했습니다. Benjamin Piggott는 이전 의장에서 새로운 재무 담당 이사로 임명되었으며, 임기는 2024년 9월 16일부터 시작됩니다. 그는 개인적인 사유로 물러나는 Raymond Cole을 대신합니다. Cole은 2025년 상반기까지 컨설턴트 역할을 유지할 것입니다.
동시에 회사는 이사회를 재구성했습니다. CEO인 Scott Wallace는 새로운 이사회 의장으로 임명되었습니다. Benjamin Piggott와 Thomas Humble는 이사직에서 사임했습니다.
Piggott 씨는 EF Hutton Acquisition I의 CEO를 역임했으며, Laird Superfood와 Fidelity Management & Research Company에서 근무한 경험이 있는 비즈니스 개발 및 투자 분야에서 광범위한 경험을 쌓았습니다.
ECD Automotive Design (Nasdaq: ECDA) a annoncé d'importants changements dans sa structure de direction. Benjamin Piggott, précédemment président, a été nommé nouveau Directeur Financier à compter du 16 septembre 2024. Il succède à Raymond Cole, qui démissionne pour des raisons personnelles mais restera dans un rôle de consultant jusqu'à la première moitié de 2025.
Parallèlement, l'entreprise a restructuré son Conseil d'Administration. Scott Wallace, le PDG, a été nommé nouveau Président du Conseil. Benjamin Piggott et Thomas Humble ont tous deux démissionné de leurs postes au sein du Conseil.
M. Piggott apporte une vaste expérience en développement commercial et en investissement, ayant précédemment occupé le poste de PDG de EF Hutton Acquisition I et ayant été en poste chez Laird Superfood et Fidelity Management & Research Company.
ECD Automotive Design (Nasdaq: ECDA) hat bedeutende Änderungen in seiner Führungsstruktur angekündigt. Benjamin Piggott, zuvor Vorsitzender, wurde mit Wirkung zum 16. September 2024 zum neuen Finanzvorstand ernannt. Er tritt die Nachfolge von Raymond Cole an, der aus persönlichen Gründen zurücktritt, jedoch bis zur ersten Jahreshälfte 2025 in einer beratenden Funktion bleiben wird.
Gleichzeitig hat das Unternehmen seinen Vorstand neu strukturiert. Scott Wallace, der CEO, wurde zum neuen Vorstandsvorsitzenden ernannt. Sowohl Benjamin Piggott als auch Thomas Humble haben ihre Ämter im Vorstand niedergelegt.
Herr Piggott bringt umfangreiche Erfahrungen im Bereich Geschäftsentwicklung und Investitionen mit, da er zuvor CEO von EF Hutton Acquisition I war und Positionen bei Laird Superfood und Fidelity Management & Research Company innehatte.
- Appointment of experienced Benjamin Piggott as new CFO
- Smooth transition plan with outgoing CFO Raymond Cole remaining as consultant
- CEO Scott Wallace taking on additional role as Chairman of the Board
- Departure of CFO Raymond Cole
- Resignation of two Board members, potentially reducing diversity of perspectives
KISSIMMEE, Fla., Sept. 18, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq: ECDA) (“ECA Auto Design” or the “Company”), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles announced today that the Company’s Chairman, Benjamin Piggott has been appointed Chief Financial Officer effective September 16, 2024, succeeding Raymond Cole who has chosen to step down for personal reasons. Ray will remain with ECD Auto Design in a consulting role on an as needed basis, through the first half of 2025 to help ensure a seamless transition.
“We are pleased to welcome Ben into the operations side of the business,” said Scott Wallace, CEO of ECD Auto Design. “Ben has extensive experience helping build and invest in successful businesses. Ben has been instrumental in ECD Auto Design emerging from our SPAC business combination and in the early days of being a public company, serving as the Chairman of our Board. We look forward to working even closer together in the future.”
Before serving as ECD Auto Design’s Chairman, Mr. Piggott was the Chairman and Chief Executive Officer of EF Hutton Acquisition Corporation I, the SPAC through which ECD Auto Design became a public company. Mr. Piggott has been a Managing Director at EF Hutton, a middle market investment bank, since its inception in June 2020. Prior to joining EF Hutton, Mr. Piggott was Head of Corporate Development at Laird Superfood, Inc. (NYSE American: LSF); Mr. Piggott also helped to successfully negotiate the sale of a minority equity stake in the company to Danone S.A. Before Laird Superfood, Mr. Piggott spent fifteen years in the investment industry, ten of which were with the Small Cap Team at Fidelity Management & Research Company, where he served as a research analyst and sector portfolio manager. Mr. Piggott also spent two years at Legg Masson Capital Management as a generalist covering small and mid-cap companies. Mr. Piggott received his Bachelor of Science in Finance from Bentley University in 2002.
ECD Auto Design CEO Scott Wallace concluded, “Ray has been crucial guiding ECD Auto Design to the point we are at and we are sad to see him go. We are grateful for the contribution he has made as we continue to position this company for growth.”
In conjunction with Mr. Piggott’s appointment as the Company’s CFO, both Mr. Piggott and Thomas Humble have resigned as members of the Company’s Board of Directors and CEO Scott Wallace was appointed the Chairman of the Company’s Board of Directors.
About ECD Auto Design
ECD Auto Design, a public company trading under the symbol ECDA on the Nasdaq Stock Market, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ECD Auto Design restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added the Ford Mustang. Each vehicle produced by ECD Auto Design is fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence ("ASE") craftsmen. The company was founded in 2013 by three British "gear heads' whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD Auto Design’s global headquarters, known as the "Rover Dome," is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 90 talented craftsmen and technicians, who hold a combined 61 ASE and five master level certifications. ECD Auto Design has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration. For more information, visit www.ecdautodesign.com.
Investor Contact:
Brian M. Prenoveau, CFA
MZ Group – MZ North America
ECDA@mzgroup.us
+561 489 5315
SOURCE: ECD Automotive Design, Inc.
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