Andrew Vesey Named to Nikola Board of Directors
Nikola Corporation (Nasdaq: NKLA) has appointed Andrew Vesey to its Board of Directors, effective immediately, succeeding DeWitt Thompson. Vesey, with over 40 years of experience in the utility sector, is expected to enhance Nikola's strategy in zero-emission transportation. He previously held key roles at Fortescue Future Industries and PG&E. The transition comes as Nikola aims to accelerate its growth and innovation in clean energy solutions.
- Appointment of Andrew Vesey is expected to bring fresh perspectives and strengthen leadership.
- Vesey's extensive experience in the utility sector may enhance Nikola's growth strategy.
- Change in board composition raises concerns about continuity and experience gaps.
PHOENIX, Oct. 7, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced the appointment of Andrew Vesey to its Board of Directors, effective immediately. Vesey, President and CEO North America at Fortescue Future Industries, will replace DeWitt Thompson, who has stepped down from the board after serving as a director since 2017.
"Andy's proven track record of transforming and repositioning businesses, coupled with his passion for clean energy solutions, makes him an ideal addition to Nikola's Board of Directors," said Steve Girsky, Nikola's Chairman of the Board. "With more than 40 years of diverse utility industry experience, we are confident that his leadership and expertise will help us execute on our strategy as we drive toward our next phase of growth."
Girsky continued, "On behalf of the entire Board, I thank De for his valuable contributions and unwavering commitment to Nikola. Over the past five years, De's support and guidance have been instrumental to the Company's development. With his role at one of our largest dealers, De will continue to help Nikola achieve its business objectives."
"Accelerating a decarbonized energy future is something I've been focused on throughout the course of my career," said Vesey. "I'm excited to join Nikola's Board of Directors and support the Company as it advances its journey as a pioneer in zero-emission transportation and infrastructure solutions."
Prior to joining Fortescue Future Industries, in 2019, Vesey co-founded Earthrise Energy Inc., a firm focused on delivering critical energy services to customers and the electric grid. Additional former executive roles include serving as chief executive and president of Pacific Gas and Electric Company (PG&E), chief executive and managing director of AGL Energy, and chief operating officer of AES Corporation. Vesey spent several years as an energy industry consultant and leader at firms including FTI Consulting and Ernst & Young. He also served as chief executive and managing director of Melbourne-based CitiPower in Australia and began his career as a system planning engineer at Consolidated Edison. Vesey has previously served on the boards of PG&E and AGL Energy, among others.
Vesey holds a Bachelor of Science in mechanical engineering and a Bachelor of Arts in economics both from Union College. He also earned a master's degree in applied science from New York University.
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
Certain statements included in this press release that are not historical facts are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the anticipated benefits of the new board appointment. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola's management. We cannot assure you that forward looking statements will be achieved, and forward-looking statements are not predictions of actual performance. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to, design and manufacturing changes, challenges and delays; economic, financial, legal, supply chain, regulatory, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal, regulatory and judicial proceedings to which Nikola is, or may become a party; demand for and customer acceptance of Nikola's trucks; risks associated with development and testing of fuel cell power modules and hydrogen storage systems; risks related to the rollout of Nikola's business and the timing of expected business milestones, including delivery of trucks for sale; the effects of competition on Nikola's future business; the availability of capital; risks associated with changes in accounting treatment or accounting standards; and the other risks detailed from time to time in Nikola's reports filed with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the quarter ended June 30, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.
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SOURCE Nikola Corporation
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