Blink Charging Strengthens its Board of Directors with the Appointment of a Senior Energy Industry Investment Banker
March 25 2020 - 9:00AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner and operator of electric vehicle (EV)
charging equipment and services, today announced the appointment of
Kenneth R. Marks to its Board of Directors. The Company's existing
five-member Board approved the strategic appointment to bring a top
energy-sector investment banker to the Board.
Mr. Marks is currently the President of KRM
Energy Advisors LLC, which focuses on providing strategic and
financing advice in the energy sector. He was previously Managing
Director and Head of Power, Utilities and Renewables for the
Americas for HSBC from 2011 to 2016 where he was responsible for
leading the bank's investment banking and commercial banking
services for clients in the sector in North and South America.
Prior to HSBC, Mr. Marks worked for Morgan
Stanley as an investment banker for 33 years in increasingly senior
roles, including as Managing Director in the Global Power and
Utility Group. In this role, Mr. Marks provided the full range of
Morgan Stanley's banking products to clients in the sector,
including strategic advice, debt and equity financing, and
derivatives/hedging.
"Mr. Marks' experience in power, utilities, and
renewables and his leadership positions at a premier global
investment bank and one of the largest global commercial banks make
him a valuable appointment to the Blink board, as we continue to
expand our product and service offerings," shared Blink Founder and
Executive Chairman Michael D. Farkas. "His extensive knowledge and
input will be invaluable to our development and growth in the EV
charging and alternative energy markets."
Mr. Marks is a member of the Board of Directors
of the Coalition for Green Capital, a non-profit entity whose
mission is to foster the development of clean energy and energy
efficiency and Chairman of its Audit Committee. He received a B.S.
degree in electrical engineering from Bucknell University, an
M.B.A. in industrial management from the Wharton School of
University of Pennsylvania, and a Ph.D. in finance from New York
University. For several years, Mr. Marks served on the faculty at
NYU teaching courses in its M.B.A. program and has published
articles in numerous journals, including Public Utilities
Fortnightly, Energy Biz, and Harvard Business Review.
Blink's Board regularly evaluates its
composition to ensure its skills, experience, and professional
perspectives are in alignment with the current status and projected
growth of the company for all Blink shareholders. The new director
joins existing members Michael D. Farkas, Don Engel, Ritsaart van
Montfrans, Louis Buffalino, and Jack Levine. Blink's Board is now
comprised of six directors, four of whom are independent.
ABOUT BLINK CHARGING
Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment that has
deployed over 23,000 charging stations, many of which are networked
EV charging stations, enabling EV drivers to easily charge at any
of its charging locations worldwide. The Company’s principal line
of products and services is its Blink EV charging network (“Blink
Network”), EV charging equipment, and EV charging services. The
Blink Network utilizes a proprietary cloud-based software that
operates, maintains, and tracks the EV charging stations connected
to the network and the associated charging data. With global EV
purchases forecasted to rise to 10 million by 2025 from
approximately 2 million in 2019 ( Bloomberg.com, “China’s Hunger
for Electric Vehicles Is Driving Manufacturing, 2019), the
Company has established key strategic partnerships to rollout
adoption across numerous location types, including parking
facilities, multi-family residences and condos, workplace
locations, healthcare/medical facilities, schools and universities,
airports, auto dealers, hotels, mixed-use municipal locations,
parks and recreation areas, religious institutions, restaurants,
retailers, stadiums, supermarkets, and transportation hubs.
For more information please visit:
https://www.blinkcharging.com/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging and
members of its management, as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
Blink Media ContactPR@BlinkCharging.com
Blink Investor Relations ContactIR@BlinkCharging.com
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