Mullen Announces Key Hires Across EV Programs
Mullen Automotive (NASDAQ: MULN) has announced a series of new hires to strengthen its commercial and consumer vehicle programs, focusing on product development, manufacturing, and sales.
The new team members come from notable automotive brands like VW and GM, enhancing Mullen's expertise in the EV sector. Key hires include Jerry Hu as President of Mullen Commercial Vehicles and Dave Adkins as Chief of Class 3 Commercial Vehicles. CEO David Michery expressed optimism about the company's growth trajectory, leveraging the experience of these professionals to support Mullen’s aggressive EV portfolio expansion.
- Significant team expansion with expertise from top automotive brands.
- New roles filled by experienced professionals expected to enhance product development and sales.
- Strengthened leadership across various programs could drive innovation and growth.
- Concerns over continuity and integration of new hires into existing teams.
- Uncertainty about the impact of these hires on actual growth and operational success.
Mullen adds key hires in support of commercial and consumer vehicle programs across product development, manufacturing and commercial sales
BREA, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today a number of hires who have joined the Company across its commercial van and truck program and Mullen FIVE EV Crossover programs in support of aggressive EV portfolio growth plans.
The individual new hires will be working across Mullen’s different facilities, including the Commercial Vehicle Team in Troy, Michigan; the Consumer Vehicle Team in Irvine, California; the Powertrain and Battery Group in Monrovia, California; the Manufacturing Plant in Tunica, Mississippi; and the Mishawka, Indiana factory.
“It’s exciting to see the growth across our different teams and locations in California, Michigan, Indiana and Mississippi,” said David Michery, CEO and chairman of Mullen Automotive. “Strategically, we have been adding very strong expertise coming from tier 1 suppliers, traditional OEMs and other EV start-ups. It’s very encouraging to see so many strong candidates reach out to us, looking to join the Mullen team.”
Mullen’s new team members come from a variety of well-known automotive brands, including, VW, Joyson, GM, Hyundai, Isuzu, Nexteer, Mahindra, Ford, Stellantis, Hyliion and Electra Meccanica. These new hires include the following individuals:
Product Development
- Jerry Hu - President, Mullen Commercial Vehicles, formally VP of Key Safety Systems
- Dave Adkins - Chief of Class 3 Commercial Vehicles, formally Chief Engineer of Izuzu
- Raj Pai - Chief Engineer Commercial Vehicles, formally VP of Mahindra
- Steve Ilenich - Director of Commercial Vehicles Quality
- Dongyeol Kang - Director of Vehicle Program Purchasing
- Mohamed Shaib - Director of ADAS
- Seungho Choi - Director of Program Management Commercial Vehicles
Commercial Sales, Service and Parts
- Paul Loewer - Senior Director, Product Planning and Product Marketing
- Matt Gostek - Director, Service and Parts
- Bob Sanseverino - Commercial Sales Director – West Region
- Lance Buchanan - Commercial Sales Director – Southeast Region
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the new key hires will meet expectations and assist with the Company’s growth. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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