Dr. Meghan Sharp Accepts New Role as Global Head of Decarbonization Partners With Blackrock-Temasek

Rhea-AI Summary

Lightning eMotors (NYSE: ZEV) announced that Dr. Meghan Sharp has joined Decarbonization Partners, leading their venture capital investments in sustainable markets. This new role requires her to resign from Lightning's board of directors. Chairman Robert Fenwick-Smith expressed gratitude for Sharp's contributions over the past 12 years, noting her invaluable support in the company’s journey. While Sharp expressed disappointment in leaving the board, she remains confident in the company's leadership. Lightning is now evaluating potential board replacements.

Positive

• Dr. Meghan Sharp has taken a leadership role in a prominent decarbonization investment team, indicating a strong focus on sustainability.

Negative

• Dr. Sharp's resignation from the board may create a leadership gap during the transition.

• Sharp to lead team overseeing venture capital and private equity Investments
• New role requires Sharp to resign from Lightning eMotors board of directors

LOVELAND, Colo.--(BUSINESS WIRE)-- Lightning eMotors (NYSE: ZEV), a leading provider of medium-duty and specialty commercial zero emission vehicles for fleets, today announced that board member Dr. Meghan Sharp has joined Decarbonization Partners, a BlackRock Inc. and Temasek Holdings Pte partnership, to lead their venture capital and private equity investments in sustainable private market investments. Sharp informed the board that she will be required to step down as a director of Lightning eMotors as part of this change.

“It’s been my honor to serve on the board with Meghan. The support, insight, partnership, and leadership from her and her team at bp and bp Ventures for the last 12 years have been invaluable,” said Robert Fenwick-Smith, chairman of Lightning eMotors. “While we will miss her on our board, we are excited to see the impact she will have leading BlackRock’s decarbonization investment team and truly wish her the best.”

“While it’s disappointing that my new role will require me to leave the Lightning board of directors, I have every confidence in their leadership.” Sharp commented. “I’m excited to be entering this new role and helping to accelerate investment in carbon-cutting technologies.”

Lightning has begun to evaluate potential replacements on their board of directors.

About Lightning eMotors:

Lightning eMotors (NYSE: ZEV) has been providing specialized and sustainable fleet solutions since 2009, deploying complete zero-emission-vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 cargo and passenger vans, ambulances, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and Class A motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs with a full suite of control software, telematics, analytics, and charging solutions to simplify the buying and ownership experience and maximize uptime and energy efficiency. To learn more, visit our website at https://lightningemotors.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220201005447/en/

Lightning eMotors news media contact:

Nick Bettis

(800) 223-0740

pressrelations@lightningemotors.com

Lightning eMotors’ Investor Relations:

Brian Smith

(503)781-3472

Investorrelations@lightningemotors.com

Source: Lightning eMotors

FAQ

Who is Dr. Meghan Sharp and what is her new role related to Lightning eMotors (ZEV)?

Dr. Meghan Sharp has joined Decarbonization Partners to lead venture capital and private equity investments in sustainable markets, necessitating her resignation from Lightning eMotors' board of directors.

What impact does Dr. Sharp's resignation have on Lightning eMotors (ZEV)?

Her resignation may create a leadership gap as the company evaluates replacements for her position on the board.

When did Dr. Meghan Sharp announce her resignation from Lightning eMotors (ZEV)?

Dr. Sharp announced her resignation in a press release dated today.