CINCINNATI, May 4, 2020 /PRNewswire/ – Workhorse Group
Inc. (NASDAQ: WKHS) ("Workhorse" or "the
Company"), an American technology company focused
on providing sustainable and cost-effective electric vehicles to
the last mile delivery sector, has appointed Jacqueline ("Jacqui")
Dedo and Pamela Mader, respectively,
to its board of directors. With these additions, Workhorse's board
of directors is now expanded from six to eight, including seven
independent directors.
Jacqui Dedo comes to Workhorse
with over 30 years of global automotive, off highway, industrial
and aftermarket experience. She has held various leadership
positions at Piston Group, Dana Holding Corp., Motorola, and Robert
Bosch Corporation among others and has a proven background in
managing full P&L responsibilities for major business units and
entire companies responsible for up to $2
billion in revenue. Dedo also has nearly two decades of
board membership experience across a variety of automotive,
transportation and nonprofit organizations. She is Co-Founder of
Aware Mobility, LLC., which is engaged in the technical
development, investing, partnering and application of both
electrified propulsion and connectivity tools, platforms and
applications.
Dedo has been honored on multiple occasions by Automotive
News as one of the "Top 100 Leading Women." She is a current
Board Member at Cadillac Products, Vice Chairman of the Board of
the Detroit Science Center, and a member of the Board of Trustees
at Kettering University.
Pamela Mader brings over three
decades of automotive industry experience, with a proven track
record in leading Fortune 100 manufacturing organizations as well
as supporting the growth of emerging growth companies through
various business advisory services. She most recently served as the
VP of Belcan Consulting Services where she supported Belcan's
acquisition of Allegiant International, LLC., overseeing the
integration of both business processes and personnel. Prior to
that, Mader spent over 15 years at General Motors in a variety of
leadership roles, including numerous plant manager positions where
she directed operations for manufacturing of hundreds of thousands
of vehicles annually.
Among many other awards and accolades, Mader has been recognized
by Automotive News as one of the "Top 100 Leading Women" and
was given the "Top Ten Women Community Leader" award from the
City of Dayton, Ohio. She has 13
years of board membership experience and is currently an Executive
Board Member at the Purdue University's
Polytechnic Institute.
"On behalf of the Workhorse board, I would like to formally
welcome Jacqui and Pamela to our leadership team," said Company CEO
Duane Hughes. "Both Jacqui and
Pamela have directly applicable experience in the key areas
Workhorse needs to continue in our transition to full-scale
production. Their respective automotive experiences at
international enterprises managing major vehicle production efforts
will be invaluable references as we look to ramp up our capacity
during the second half of this year. More generally, we are also
looking forward to the new ideas and fresh perspectives that will
come from our improved corporate governance structure."
About Workhorse Group Inc.
Workhorse is a technology company focused on providing electric
vehicles to the last-mile delivery sector. As an American original
equipment manufacturer, we design and build high performance,
battery-electric vehicles including trucks and aircraft. Workhorse
also develops cloud-based, real-time telematics performance
monitoring systems that are fully integrated with our vehicles and
enable fleet operators to optimize energy and route efficiency. All
Workhorse vehicles are designed to make the movement of people and
goods more efficient and less harmful to the environment. For
additional information visit workhorse.com.
Forward-Looking Statements
This press release includes forward-looking statements.
These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. These
statements may be identified by words such as "believes,"
"expects," "anticipates," "estimates," "projects," "intends,"
"should," "seeks," "future," "continue," or the negative of such
terms, or other comparable terminology. Forward-looking statements
are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ materially from the
forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are
not limited to: our limited operations and need to expand in the
near future to fulfill product orders; risks associated with
obtaining orders and executing upon such orders; the ability to
protect our intellectual property; the potential lack of market
acceptance of our products; potential competition; our inability to
retain key members of our management team; our inability to raise
additional capital to fund our operations and business plan; our
inability to satisfy covenants in our financing agreements; our
inability to maintain our listing of our securities on the Nasdaq
Capital Market; our inability to satisfy our customer warranty
claims; our ability to continue as a going concern; our liquidity
and other risks and uncertainties and other factors discussed from
time to time in our filings with the Securities and Exchange
Commission ("SEC"), including our annual report on Form 10-K filed
with the SEC. Workhorse expressly disclaims any obligation to
publicly update any forward-looking statements contained herein,
whether as a result of new information, future events or otherwise,
except as required by law.
Media Contact:
Mike Dektas
Creative Storm PR
513-266-3590
mike@creativestorm.com
Workhorse Investor Relations Contact:
Matt Glover and Tom Colton
Gateway Investor Relations
949-574-3860
WKHS@gatewayir.com
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SOURCE Workhorse Group Inc.