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XL Fleet Announces New Executive Team Appointments to Lead the Company’s XL Grid and Legal Organizations

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XL Fleet Corp. (NYSE: XL) announces key executive appointments to support its expansion goals. Colleen Calhoun joins as VP and GM of XL Grid, focusing on charging infrastructure and energy solutions for fleets. She has over two decades of experience at GE, where she held pivotal roles in energy ventures and marketing strategy. Additionally, Jim Berklas is appointed as General Counsel & VP of Corporate Development, bringing extensive legal and M&A expertise. These leadership additions aim to enhance XL Fleet's capacity to scale operations effectively in 2021.

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  • Appointment of Colleen Calhoun as VP and GM of XL Grid, enhancing leadership in charging solutions.
  • Jim Berklas appointed as General Counsel & VP of Corporate Development, adding significant legal and M&A experience.
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XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced two additions to its executive leadership team designed to support the Company’s rapid expansion plans in 2021 and beyond.

Colleen Calhoun, a clean energy executive who spent over two decades at GE in senior leadership roles across its energy, power and finance businesses, has joined XL Fleet as Vice President and General Manager of the Company’s XL Grid division. In this role, Colleen will be responsible for leading and growing the XL Grid business, which provides commercial and municipal fleet customers with charging infrastructure, energy storage and power solutions for fleets, and advances XL Fleet’s Electrification as a Service Offering.

During her tenure at GE, Colleen held key leadership positions across several successful business units. She served as the head of GE Energy Ventures, leader of Marketing & Strategy for GE’s Power & Water business and head of the Global Growth Markets platform for Energy Financial Services. Colleen was also a senior member of the GE team that launched Current, a leading provider of energy efficiency and digital productivity solutions for commercial buildings and cities. Colleen served as Chief Marketing Officer and head of Business Development and was instrumental in the divesture of the business from GE in 2019. Most recently, Colleen has been a strategic advisor to Commonwealth Fusion, Quaise Inc. and several other corporations, helping them grow and scale their energy-focused businesses. She is a member of the Board of Directors for Quaise, Inc. and the Clean Energy Trust.

XL Fleet also announced it has appointed Jim Berklas, a senior legal and M&A executive, as the Company’s General Counsel & Vice President of Corporate Development. In this role, Jim will oversee the Company’s legal and compliance functions and help execute upon its corporate development initiatives, including strategic M&A investments. Prior to joining XL Fleet, Jim founded a boutique investment bank representing smaller domestic manufacturers and served as the Chief Growth Officer, head of M&A and general counsel of medical device and packaging manufacturer Westfall Technik, where he led the acquisition of 17 companies and improved profitability by over 40%. Jim brings 25 years of legal experience with 11 years of public company leadership and has closed over 200 acquisition and financing transactions.

“One of XL Fleet’s earliest post-merger priorities is to add the key leadership talent needed to help the Company execute on its rapid growth plans,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “Colleen and Jim bring a wealth of new experience and leadership capabilities to XL Fleet, and we are excited to bring them on board as we begin scaling the organization in 2021.”

About XL Fleet Corp.

XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 140 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.

FAQ

What is XL Fleet's recent leadership announcement?

XL Fleet announced the appointment of Colleen Calhoun as VP and GM of XL Grid and Jim Berklas as General Counsel & VP of Corporate Development.

How does XL Fleet plan to expand in 2021?

XL Fleet aims to expand by adding key leadership talent to support its rapid growth plans.

Who is Colleen Calhoun and what will her role be at XL Fleet?

Colleen Calhoun, a former GE executive, will lead the XL Grid division, focusing on charging infrastructure and energy solutions.

What experience does Jim Berklas bring to XL Fleet?

Jim Berklas has 25 years of legal experience and significant expertise in M&A, having led over 200 transactions.

What are XL Fleet's goals with the new executive team?

The new executive team aims to enhance operational capacity and drive growth in vehicle electrification solutions.

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