- Bill McDermott, president and
CEO, ServiceNow, joins expansive Fisker Inc. Board ahead of
completion of merger with Apollo affiliated Spartan Energy
Acquisition Corporation (NYSE: SPAQ)
- McDermott brings extensive global leadership experience across
transformative enterprise software, cloud platform and modern
digital workflow technology sectors; will provide valuable input as
Fisker Inc. creates a digital-first ownership experience
- Strong track record of Environmental, Social and Governance
(ESG) leadership
LOS ANGELES, Sept. 29, 2020 /PRNewswire/ -- Fisker Inc.
("Fisker") – developer of the world's most emotionally desirable,
eco-friendly electric vehicles – today announced an important new
addition to its board of directors. Bill
McDermott, president and CEO of ServiceNow (NYSE:NOW) – the
leading digital workflow company making work, work better for
people – becomes the seventh member of the Fisker Inc. Board, which
has been shaped in anticipation of the completion of its merger
with Spartan Energy Acquisition Corporation (NYSE: SPAQ)
("Spartan"), a special purpose acquisition company sponsored by an
affiliate of Apollo Global Management, Inc. (NYSE: APO) ("Apollo").
The board is comprised of seven members: two executives from
Fisker, four external directors and a Spartan appointee.
Commenting on this latest addition to the board, Henrik Fisker, chairman and chief executive
officer of Fisker Inc. said: "Based on my years of experience in
electrification, I wanted to assemble a board that can help deliver
our disruptive business model and grow the company into a global
segment leader. Our board members bring their extensive
experience in ESG, combined with the insights needed to help guide
the growth of our company. Bill has unparalleled international
experience and an incredible track record as a leader
in software systems and software-as-a-service (SaaS).
He will be extremely valuable as we develop Fisker
Inc. to be the world's first digital car company, especially as we
build our digital app and e-mobility as a service (EMAAS)
capabilities."
"Visionary cars demand a visionary 21st century
car ownership experience," McDermott said. "Owning a Fisker car
will set a new standard in workflow-enabled, seamless,
direct-to-consumer digital experiences. I am thrilled to join the
board of Fisker Inc. and help Henrik and his team deliver an
amazing end-to-end digital-first car ownership experience
as they pursue their dream of revolutionizing the automotive
industry and creating a clean future for everyone."
The merger between Fisker and Spartan is anticipated to be
completed later this year and will result in shares of Fisker's
Class A Common Stock trading on the New York Stock Exchange as a
publicly listed company.
Fisker Inc. Board of Directors:
- Henrik Fisker, founder, chairman
and CEO of Fisker
- Dr. Geeta Gupta-Fisker,
co-founder and CFO of Fisker
- Wendy Greuel, former controller
and councilmember for the City of Los
Angeles
- Mark Hickson, executive vice
president corporate development, strategy, quality and integration
for NextEra Energy, Inc.
- Bill McDermott, president and
CEO, ServiceNow
- Rod Randall, co-founder of
Vesbridge Partners, executive partner of Siris Capital, board
director of Stratus Technologies and Mavenir, chairman of the board
of Maglev Aero
- Nadine Watt, CEO of Watt
Companies and chair of the Los Angeles Business Council
Full biographies for board members are available here: Fisker
Inc. Board of Directors
For more information, or for interview inquiries, contact
Fisker@GoDRIVEN360.com.
About Fisker Inc.
California-based Fisker Inc. is
revolutionizing the automotive industry by developing the most
emotionally desirable and eco-friendly electric vehicles on Earth.
Passionately driven by a vision of a clean future for all, the
company is on a mission to become the No. 1 e-mobility service
provider with the world's most sustainable vehicles. To learn more
and to reserve the all-electric Fisker Ocean,
visit www.FiskerInc.com.
Forward Looking Statements
The information in this
press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the "Securities Act"), and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements, other than statements of
present or historical fact included in this presentation, regarding
Spartan's proposed acquisition of Fisker, Spartan's ability to
consummate the transaction, the benefits of the transaction and the
combined company's future financial performance, as well as the
combined company's strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Spartan and Fisker disclaim any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date of this press release. Spartan and
Fisker caution you that these forward-looking statements are
subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
either Spartan or Fisker. In addition, Spartan cautions you that
the forward-looking statements contained in this press release are
subject to the following factors: (i) the occurrence of any event,
change or other circumstances that could delay the business
combination or give rise to the termination of the agreements
related thereto; (ii) the outcome of any legal proceedings that may
be instituted against Spartan or Fisker following announcement of
the transactions; (iii) the inability to complete the business
combination due to the failure to obtain approval of the
shareholders of Spartan, or other conditions to closing in the
transaction agreement; (iv) the risk that the proposed business
combination disrupts Spartan's or Fisker's current plans and
operations as a result of the announcement of the transactions; (v)
Fisker's ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition and the ability of Fisker to grow and manage growth
profitably following the business combination; (vi) costs related
to the business combination; (vii) changes in applicable laws or
regulations; and (viii) the possibility that Fisker may be
adversely affected by other economic, business, and/or competitive
factors. Should one or more of the risks or uncertainties described
in this press release, or should underlying assumptions prove
incorrect, actual results and plans could different materially from
those expressed in any forward-looking statements. Additional
information concerning these and other factors that may impact the
operations and projections discussed herein can be found in
Spartan's periodic filings with the Securities and Exchange
Commission (the "SEC"), including its Annual Report on Form 10-K
for the fiscal year ended December 31,
2019 and other SEC filings. Spartan's SEC filings are
available publicly on the SEC's website at www.sec.gov.
Important Information for Investors and
Shareholders
In connection with the proposed business
combination, Spartan Energy Acquisition Corp. will file a proxy
statement with the SEC. Additionally, Spartan Energy Acquisition
Corp. will file other relevant materials with the SEC in connection
with the business combination. Copies may be obtained free of
charge at the SEC's web site at www.sec.gov. Security
holders of Spartan Energy Acquisition Corp. are urged to read the
proxy statement and the other relevant materials when they become
available before making any voting decision with respect to the
proposed business combination because they will contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
Participants in the Solicitation
Spartan Energy
Acquisition Corp. and its directors and officers may be deemed
participants in the solicitation of proxies of Spartan's
shareholders in connection with the proposed business combination.
Security holders may obtain more detailed information regarding the
names, affiliations and interests of certain of Spartan's executive
officers and directors in the solicitation by reading Spartan's
Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement and
other relevant materials filed with the SEC in connection with the
business combination when they become available. Information
concerning the interests of Spartan's participants in the
solicitation, which may, in some cases, be different than those of
their stockholders generally, will be set forth in the proxy
statement relating to the business combination when it becomes
available.
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SOURCE Fisker Inc.