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Microvast Holdings, Inc. Appoints Pat Schultz as Chief Financial Officer

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Microvast Holdings (NASDAQ: MVST) has appointed Carl T "Pat" Schultz as its new Chief Financial Officer, effective April 21, 2025. Schultz brings over 20 years of financial leadership experience, most recently serving as CFO of North America at Air Liquide for 10 years.

Prior to Air Liquide, Schultz spent 8 years at Genworth Financial in various accounting and financial leadership roles, and began his career as an audit associate at KPMG. He holds an MBA from Duke University's Fuqua School of Business, a Master's in Professional Accounting from the University of Texas, and a Bachelor's in Accounting and Finance from Trinity University.

As CFO, Schultz will focus on driving growth, optimizing operations, and ensuring financial transparency at Microvast, a global leader in advanced battery technologies.

Microvast Holdings (NASDAQ: MVST) ha nominato Carl T "Pat" Schultz come nuovo Direttore Finanziario, con effetto dal 21 aprile 2025. Schultz porta con sé oltre 20 anni di esperienza nella leadership finanziaria, avendo recentemente ricoperto il ruolo di CFO per il Nord America in Air Liquide per 10 anni.

Prima di lavorare in Air Liquide, Schultz ha trascorso 8 anni in Genworth Financial in vari ruoli di contabilità e leadership finanziaria, e ha iniziato la sua carriera come associato di audit presso KPMG. Ha conseguito un MBA presso la Fuqua School of Business della Duke University, un Master in Contabilità Professionale presso l'Università del Texas e una Laurea in Contabilità e Finanza presso la Trinity University.

In qualità di CFO, Schultz si concentrerà sulla crescita, sull'ottimizzazione delle operazioni e sull'assicurare la trasparenza finanziaria in Microvast, leader globale nelle tecnologie avanzate delle batterie.

Microvast Holdings (NASDAQ: MVST) ha nombrado a Carl T "Pat" Schultz como su nuevo Director Financiero, con efecto a partir del 21 de abril de 2025. Schultz aporta más de 20 años de experiencia en liderazgo financiero, habiendo servido más recientemente como CFO de América del Norte en Air Liquide durante 10 años.

Antes de unirse a Air Liquide, Schultz pasó 8 años en Genworth Financial en varios roles de contabilidad y liderazgo financiero, y comenzó su carrera como asociado de auditoría en KPMG. Tiene un MBA de la Fuqua School of Business de la Universidad de Duke, una Maestría en Contabilidad Profesional de la Universidad de Texas y una Licenciatura en Contabilidad y Finanzas de la Universidad Trinity.

Como CFO, Schultz se centrará en impulsar el crecimiento, optimizar las operaciones y garantizar la transparencia financiera en Microvast, un líder global en tecnologías avanzadas de baterías.

마이크로바스트 홀딩스 (NASDAQ: MVST)는 칼 T "팻" 슐츠를 새로운 최고재무책임자로 임명했다고 발표했습니다. 임기는 2025년 4월 21일부터 시작됩니다. 슐츠는 20년 이상의 재무 리더십 경험을 보유하고 있으며, 최근에는 에어 리퀴드에서 북미 CFO로 10년 동안 근무했습니다.

에어 리퀴드 이전에는 슐츠가 제너스 파이낸셜에서 8년 동안 다양한 회계 및 재무 리더십 역할을 수행했으며, KPMG에서 감사 보조원으로 경력을 시작했습니다. 그는 듀크 대학교 푸쿠아 경영대학원에서 MBA를 취득하였고, 텍사스 대학교에서 전문 회계 석사 학위를, 트리니티 대학교에서 회계 및 재무 학사 학위를 받았습니다.

CFO로서 슐츠는 마이크로바스트에서 성장 촉진, 운영 최적화 및 재무 투명성 보장에 집중할 것입니다. 마이크로바스트는 첨단 배터리 기술의 글로벌 리더입니다.

Microvast Holdings (NASDAQ: MVST) a nommé Carl T "Pat" Schultz en tant que nouveau Directeur Financier, avec effet à partir du 21 avril 2025. Schultz apporte plus de 20 ans d'expérience en leadership financier, ayant récemment occupé le poste de CFO pour l'Amérique du Nord chez Air Liquide pendant 10 ans.

Avant de rejoindre Air Liquide, Schultz a passé 8 ans chez Genworth Financial dans divers rôles de comptabilité et de direction financière, et a commencé sa carrière en tant qu'associé d'audit chez KPMG. Il est titulaire d'un MBA de la Fuqua School of Business de l'Université de Duke, d'un Master en Comptabilité Professionnelle de l'Université du Texas et d'une Licence en Comptabilité et Finance de l'Université Trinity.

En tant que CFO, Schultz se concentrera sur la croissance, l'optimisation des opérations et la garantie de la transparence financière chez Microvast, un leader mondial dans les technologies de batteries avancées.

Microvast Holdings (NASDAQ: MVST) hat Carl T "Pat" Schultz als neuen Chief Financial Officer ernannt, der am 21. April 2025 sein Amt antreten wird. Schultz bringt über 20 Jahre Erfahrung in der finanziellen Führung mit, zuletzt war er 10 Jahre lang CFO von Nordamerika bei Air Liquide.

Vor seiner Zeit bei Air Liquide war Schultz 8 Jahre lang bei Genworth Financial in verschiedenen Rechnungswesen- und Finanzführungsrollen tätig und begann seine Karriere als Prüfungsassistent bei KPMG. Er hat einen MBA von der Fuqua School of Business der Duke University, einen Master in Professioneller Buchhaltung von der University of Texas und einen Bachelor in Rechnungswesen und Finanzen von der Trinity University.

Als CFO wird Schultz sich darauf konzentrieren, Wachstum zu fördern, Abläufe zu optimieren und finanzielle Transparenz bei Microvast, einem globalen Marktführer in fortschrittlichen Batterietechnologien, sicherzustellen.

Positive
  • Appointment of seasoned CFO with over 20 years of financial leadership experience
  • Strong educational background and professional certifications (CPA in two states)
  • Extensive experience in strategic fiscal management and financial operations
Negative
  • None.

STAFFORD, Texas, April 09, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a global leader in advanced battery technologies, is pleased to announce the appointment of Carl T “Pat” Schultz as its new Chief Financial Officer.

Mr. Schultz brings over 20 years of financial leadership experience across diverse industries to Microvast’s executive leadership team. His experience encompasses corporate accounting, budgeting, financial reporting, and analysis, all of which will be pivotal in driving growth, optimizing operations, and ensuring financial transparency.

Prior to joining Microvast, Mr. Schultz spent 10 years at Air Liquide, serving most recently as Chief Financial Officer of North America. Prior to Air Liquide, he spent 8 years at Genworth Financial in various accounting and financial leadership roles. His proven record in strategic fiscal management positions him to play a crucial role in achieving Microvast's growth and long-term financial objectives. He began his career as an audit associate at KPMG in its San Antonio, Texas office.

“We are excited to welcome Pat to our team,” said Yang Wu, Chairman and CEO of Microvast. “His expertise in financial operations and strategic planning will be instrumental as we continue to expand our business and deliver value for our shareholders.”

Commenting on the appointment, Mr. Schultz said, “I am thrilled to join the Microvast team, and I look forward to contributing to the financial leadership for such an innovative company.”

Mr. Schultz holds an MBA from the Fuqua School of Business at Duke University where he graduated as a Fuqua Scholar, a Master’s degree in Professional Accounting from the University of Texas, and a Bachelor’s degree in Accounting and Finance from Trinity University. He is a Certified Public Accountant in both North Carolina and Texas. Mr. Schultz’s employment with the Company is expected to commence on or about April 21, 2025.

About Microvast

Microvast is a global leader in providing battery technologies for electric vehicles and energy storage solutions. With a legacy of over 18 years, Microvast has consistently delivered cutting-edge battery systems that empower a cleaner and more sustainable future. The Company's innovative approach and dedication to excellence have positioned it as a trusted partner for customers around the world. Founded in 2006 in Stafford, Texas, Microvast holds more than 775 patents that enable solutions for today’s electrification needs.

For more information, please visit www.microvast.com or follow us on LinkedIn (@microvast).

Cautionary Statement Regarding Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results; our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook,” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Microvast’s industry and market sizes, future opportunities for Microvast, and Microvast’s estimated future results. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic, and competitive uncertainties, and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

Contact:

Investor Relations

ir@microvast.com


FAQ

When will Pat Schultz start as CFO of Microvast (MVST)?

Pat Schultz will commence his role as CFO of Microvast on or about April 21, 2025.

What is Pat Schultz's professional background before joining MVST?

Schultz served as CFO of North America at Air Liquide for 10 years, spent 8 years at Genworth Financial in financial leadership roles, and started his career at KPMG.

What are Pat Schultz's educational qualifications as MVST's new CFO?

He holds an MBA from Duke University, a Master's in Professional Accounting from the University of Texas, and a Bachelor's in Accounting and Finance from Trinity University.

What will be Pat Schultz's main responsibilities at Microvast (MVST)?

Schultz will focus on driving growth, optimizing operations, and ensuring financial transparency through corporate accounting, budgeting, financial reporting, and analysis.
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