Lightning eMotors Welcomes Verizon Communications’ Kenneth Jack to Board of Directors

Rhea-AI Summary

Lightning eMotors (NYSE: ZEV) announced the election of Kenneth Jack to its Board of Directors, effective October 7. Jack, vice president of fleet operations at Verizon, brings over 25 years of fleet and operations management experience. His expertise in customer insights and charging infrastructure will support Lightning eMotors in enhancing its offerings in fleet electrification. The board re-elected Chairman Robert Fenwick-Smith and CEO Tim Reeser. Jack's appointment aims to advance strategies for electric vehicle adoption and improve charging solutions for commercial customers.

Positive

• Kenneth Jack's extensive background in fleet operations and customer insights enhances the board's expertise.
• Jack's role is expected to strengthen Lightning eMotors' focus on electrification and customer satisfaction.
• The appointment is anticipated to improve the company's Charging-as-a-Service offerings.

Negative

• Concerns about continuity and experience gaps as a new member joins the board.

• Jack adds customer insight as well as deep knowledge into charging infrastructure needs and challenges to the board

LOVELAND, Colo.--(BUSINESS WIRE)-- Lightning eMotors (NYSE: ZEV), a leading provider of all-electric powertrains and medium-duty and specialty commercial electric fleet vehicles, announced today that Kenneth Jack, vice president of fleet operations for Verizon Communications, was elected to the Lightning eMotors Board of Directors effective October 7^th.

Ken Jack's appointment brings both fleet and utilities expertise to Lightning eMotors' board of directors (Photo: K. Jack)

Jack, 47, brings to the board more than 25 years of experience in fleet, logistics and operations management. With the addition of Jack, Lightning eMotors now has seven directors. Shareholders also reelected Robert Fenwick-Smith, Chairman of Lightning eMotors’ Board of Directors, and CEO Tim Reeser to the board.

“Ken Jack is an exciting addition to our Board of Directors,” Fenwick-Smith said. “His proven mobility and fleet operations leadership, and insights into Voice of the Customer, will be instrumental in helping us drive value for shareholders and other stakeholders as we continue to advance our commitment to simplifying fleet electrification.”

As Verizon Communications’ vice president of fleet operations, Jack is responsible for all procurement, performance, maintenance, operations, and policy related to Verizon's almost 30,000 vehicle North America fleet. Prior to joining Verizon in 2011, Jack was the general manager of transportation operations for Con Edison. There, he was responsible for all engineering, fleet procurement, administration, compliance, asset management and maintenance activities for Con Edison of NY and Orange & Rockland Utilities.

“Ken will not only provide valuable insights into the minds of our customers, he also brings a deep understanding of the nation's electric grid. He has first-hand knowledge of the challenges and opportunities related to developing a nationwide fleet electric vehicle charging infrastructure,” Reeser said. “His knowledge and insight will help us as we broaden our all-inclusive Charging-as-a-Service (CaaS) offerings for our commercial vehicle customers.”

In addition to his executive leadership roles, Jack is active in both community and industry organizations, holding Board of Directors positions with the NAFA Fleet Management Association, the General Motors EV Vision Advisory Board, WEX and Build Edison as the Mobility & Fleet Advisor since 2018. Jack holds a degree in Mechanical Engineering from Polytechnic/NYU, an MBA from Columbia University and was named Automotive Fleet Magazine’s “Fleet Executive of the Year” in 2019.

“Joining the Lightning eMotors Board feels like a culmination of my almost 30 years in this profession. I’m excited to work with Robert, Tim and other board members to further advance their values, vision and commitment to delivering the highest quality electric commercial vehicles, service and charging solutions available,” Jack said. “Fleets today are challenged to both select and deploy EVs that meet their operational needs, as well as to ensure access to charging infrastructure. I spend much of my day thinking about this issue in my role at Verizon and I look forward to working with Lightning eMotors in its position as an industry leader as we collectively work towards answering those compelling questions.”

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, 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 including school buses and ambulances, 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. Lightning eMotors also offers charging technologies and “charging as a service” (CaaS) to commercial and government fleets via its Lightning Energy division. To learn more, visit https://lightningemotors.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020005244/en/

Lightning eMotors Media Relations Contact:

Nick Bettis

(800) 223-0740

pressrelations@lightningemotors.com

Lightning eMotors’ Investor Relations Contact:

Nick Bettis

(800) 223-0740

investorrelations@lightningemotors.com

Source: Lightning eMotors

FAQ

What is the significance of Kenneth Jack's appointment to Lightning eMotors' board?

Kenneth Jack brings valuable fleet and charging infrastructure expertise, enhancing the board's capability to advance electrification strategies.

When was Kenneth Jack appointed to the Lightning eMotors board?

Kenneth Jack was appointed effective October 7.

How does Kenneth Jack's experience benefit Lightning eMotors?

His 25 years in fleet operations and insights into customer needs will help the company improve its electrification and charging solutions.

Who else was re-elected to Lightning eMotors' board alongside Kenneth Jack?

Robert Fenwick-Smith, Chairman, and Tim Reeser, CEO, were also re-elected to the board.