Solid Power Appoints Former Senior NASA Executive Lesa Roe to Board of Directors

Rhea-AI Summary

Solid Power, an all-solid-state battery developer for electric vehicles, has appointed Lesa Roe to its board, effective January 17, 2022, increasing board membership to eight. Roe brings over 35 years of leadership experience, including managing a $1.3 billion budget as CEO of the University of North Texas System and overseeing a $19.6 billion budget at NASA. Solid Power anticipates Roe's expertise will bolster their strategy as they gear up for full-scale production of innovative battery technology.

Positive

• Lesa Roe adds over 35 years of executive leadership and technical expertise to the board.
• Roe's experience in managing large budgets at NASA and the University of North Texas System is expected to enhance Solid Power's strategic direction.

Negative

• Concerns may arise regarding continuity and potential experience gaps with Roe's transition to the board.

–Roe strengthens Solid Power’s board by adding extensive executive leadership, strategy, and operational oversight expertise

LOUISVILLE, Colo., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Solid Power, Inc. ("Solid Power") (Nasdaq: SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its board of directors appointed Lesa Roe to the board, effective January 17, 2022, bringing the total number of board members to eight.

Ms. Roe brings to the Solid Power board more than 35 years of executive leadership and engineering experience, including in the matters of strategy, corporate management and budget oversight. Until December 2021, Ms. Roe served as the Chief Executive Officer and Chancellor of the University of North Texas System, where she managed three universities with a combined annual revenue of $1.3 billion, 14,000 employees and enrollment of over 49,000 students. Previously, from 1984 until 2017, Ms. Roe served in successive roles at the National Aeronautics and Space Administration (“NASA”), culminating in her serving as NASA’s Acting Deputy Administrator, NASA’s second in command, and Deputy Chief Operating Officer. During her tenure, Ms. Roe led strategy, execution, operations, and corporate management nationally across all ten NASA field centers, five product lines, managed a $19.6 billion annual budget, $31 billion in assets and had oversight of 17,000 employees.

“Lesa’s extensive leadership experience and technical background in engineering make her a valuable addition to our board,” said David Jansen, Chairperson and President of Solid Power. “We are excited to welcome Lesa to the Solid Power board and look forward to her strategic input as we prepare to produce full-scale all-solid-state batteries for automotive qualification.”

About Solid Power
Solid Power is an industry-leading developer of all-solid-state rechargeable battery cells for electric vehicles and mobile power markets. Solid Power replaces the flammable liquid electrolyte in a conventional lithium-ion battery with a proprietary sulfide-based solid electrolyte. As a result, Solid Power's all-solid-state battery cells are expected to be safer and more stable across a broad temperature range, provide an increase in energy density compared to the best available rechargeable battery cells, enable less expensive, more energy-dense battery pack designs and be compatible with traditional lithium-ion manufacturing processes. For more information, visit http://www.solidpowerbattery.com/.

Solid Power Contact Information

For Investors:
Kevin Paprzycki
Chief Financial Officer
1 (800) 799-7380
investors@solidpowerbattery.com

For Media:
Will McKenna
Marketing Communications Director
(720) 598-2877
press@solidpowerbattery.com

Website: www.solidpowerbattery.com
Twitter: https://twitter.com/SolidPowerInc
LinkedIn: https://www.linkedin.com/company/solid-power 

FAQ

Who is Lesa Roe and what is her background?

Lesa Roe is a new board member at Solid Power, bringing over 35 years of leadership experience, including roles at NASA and as CEO of the University of North Texas System.

When was Lesa Roe appointed to the Solid Power board?

Lesa Roe was appointed to the Solid Power board on January 17, 2022.

What impact will Lesa Roe's appointment have on Solid Power?

Roe's extensive experience in executive leadership and budget management is expected to strengthen Solid Power's strategic initiatives as they prepare for full-scale production of all-solid-state batteries.

What is Solid Power's focus in the battery industry?

Solid Power focuses on developing all-solid-state rechargeable battery cells for electric vehicles, aiming for increased safety and energy density.