NU Ride Inc (NRDE)

[WeTheMarket]

Lordstown Motors Stockholders Elect Two New Independent Directors
May 19, 2022
https://investor.lordstownmotors.com/news-releases/news-release-details/lordstown-motors-stockholders-elect-two-new-independent/

Appoints Daniel Ninivaggi as Chairman of the Board

LORDSTOWN, Ohio, May 19, 2022 /PRNewswire/ -- Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown Motors"), an original equipment manufacturer (OEM) of electric light duty trucks focused on the commercial fleet market, announced today that at its annual meeting of stockholders, Joseph B. Anderson, Jr., Laura J. Soave and Angela Strand were elected as independent directors. Mr. Anderson and Ms. Soave are new directors, and each has extensive experience in the global automotive industry. Incumbent director Ms. Strand is joining the Compensation Committee, Mr. Anderson will serve as a member of the Audit Committee and Ms. Soave will serve on the Nominating and Corporate Governance Committee of the Board of Directors.


Laura J. Soave

The Board of Directors has also combined the roles of Chairman of the Board and CEO and current CEO, Daniel A. Ninivaggi, will serve in this capacity, effective following the annual meeting. David T. Hamamoto, a current independent director and Chairman of the Nominating and Corporate Governance Committee of the Board, will serve as lead independent director, also effective following the annual meeting.

Mr. Anderson brings decades of experience in manufacturing and operations leadership positions, primarily in the global automotive industry. He currently serves as Chairman and Chief Executive Officer of TAG Holdings, LLC, a company owning several manufacturing, service and technology-based companies, which he founded in 2001. Prior to that, Mr. Anderson served as Chairman and Chief Executive Officer of Chivas Industries, LLC, a manufacturer of interior trim products and lighting assemblies principally for the automotive industry, and as President and Chief Executive Officer of Composite Energy Management Systems, Incorporated, an automotive parts manufacturing company. Mr. Anderson also served in various operational roles at General Motors Corp. ("GM"). Before joining GM, Mr. Anderson served in the military for 13 years, including his service as a Lieutenant Colonel in the United States Army, and is a graduate of the United States Military Academy at West Point. Mr. Anderson currently serves on the board of directors of or an advisor to various industry organizations and previously served on the board of directors of several New York Stock Exchange companies, including Rite Aid Corporation, from April 2006 to April 2019, and as the chairman of each of the Federal Reserve Bank of Chicago-Detroit Branch and the U.S. Department of Commerce Manufacturing Council.

Ms. Soave has over 20 years of marketing and brand experience, primarily in the automotive industry. She currently serves as the Chief Brand Officer of CrossCountry Mortgage, a retail mortgage lender. From April 2018 to January 2021, Ms. Soave served as Executive Vice President, Marketing & Merchandising of Icahn Automotive Group, LLC, an aftermarket parts distribution and service company. Prior to that, Ms. Soave served as Senior Vice President, Chief Marketing & Communications Officer of Federal-Mogul Holdings, Corp., an $8 billion automotive supplier (subsequently acquired by Tenneco), from September 2014 to April 2018. Ms. Soave's additional marketing and brand experience includes roles with Ford Motor Company, Volkswagen Group of America, Inc., Chrysler Group, LLC and Gerson Lehrman Group. Ms. Soave currently serves on the board of directors of K&N Engineering, a global manufacturer of automotive performance filtration products, and the Walsh College Foundation.

"We are truly excited to have Joe and Laura join our Board. Each has deep and relevant automotive and executive experience and will make valuable contributions to Lordstown as we bring the Endurance to market and reposition the company," said Daniel A. Ninivaggi, Lordstown Motors CEO. "On behalf of the entire Board, I'd also like to express my sincere appreciation to retiring directors, Michael Gates and Martin J. Rucidlo, for their service and many contributions on the Board."

"Dan and his team have made significant progress in the transition to a scalable business model, starting with the Endurance launch and the partnership with Foxconn, and these appointments reflect both the progress and Board's confidence in Dan and his management team," said Angela Strand, outgoing Board Chairwoman.

About Lordstown Motors Corp.
Lordstown Motors is an electric vehicle (EV) innovator developing high-quality, light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. Lordstown Motors has corporate, engineering, research and development facilities in Lordstown, Ohio, Farmington Hills, Mich. and Irvine, Calif. For additional information, visit http://www.lordstownmotors.com/.

------------------------------------------------------------------------------------------

Joseph Benjamin Anderson, Jr. Biography
https://www.thehistorymakers.org/biography/joseph-benjamin-anderson-jr


Joseph Benjamin Anderson, Jr.

Biography
Corporate executive and military officer Joseph Benjamin Anderson was born on February 12, 1943, in Topeka, Kansas, to Pearl Gatewood and Joseph B. Anderson, Sr. His father was a widower with one son while his mother had two daughters from a previous marriage. An Eagle Scout and athlete, Anderson attended Washington Elementary School and East Topeka Junior High School before graduating with honors from Topeka High School in 1961. He entered the United States Military Academy (USMA) at West Point, New York. While a cadet, Anderson spent two months in Uganda in 1964 with Operation Crossroads Africa. One of only four African Americans to graduate from West Point in 1965, he earned his B.S. degree in math and engineering and his commission as a second lieutenant. In 1972 and 1973, Anderson received master's degrees in political science and in African area studies from the University of California, Los Angeles and attended the U.S. Army’s Command and General Staff College in Fort Leavenworth, Kansas, in 1977. He graduated from the Advanced Management Program at Harvard University Business School in 1984.

An officer in the 82nd Airborne Division, Anderson served two tours of duty with the 1st Cavalry Division in Vietnam earning two Silver Stars, five Bronze Stars, three Army Commendation Medals and eleven Air Medals. As an infantry platoon leader, he was featured in Pierre Schoendoerffer’s 1966 Oscar winning documentary, The Anderson Platoon. He served as aide-de-camp to two generals and taught as an assistant social sciences professor at West Point. He reached the rank of major before resigning his commission in 1978.

Selected as a White House Fellow in 1977, Anderson served as a special assistant to the U.S. Secretary of Commerce, Juanita Kreps. In 1979, he joined the Pontiac Motors Division of General Motors Corporation and, in 1990, he served as the general director of the company’s body hardware business unit. From 1992 to 1993, Anderson was the president and chief executive officer of auto parts manufacturer, Composite Energy Management Systems. He later served as the chairman and chief executive officer of Chivas Industries until 2002. He then joined TAG Holdings as chairman and chief executive officer. A board member of Quaker Chemical Corporation and ArvinMeritor, Anderson is also chairman of the Original Equipment Suppliers Association and director of the Society of Automobile Engineers Foundation. He also sits on the board of many non-profit organizations, including the Beaumont Foundation, Kettering University, Horizons-Upward Bound, Focus: Hope and the National Recreation Foundation.