ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp has appointed noted automotive leader Dave Shemmans to its Board of Directors as an independent director.
As the CEO of Ricardo PLC (LSE:RCDO) for the past 16 years, Shemmans was referred to as one of the UK’s longest-serving and best-regarded automotive leaders by The Times of London.
He helped transition Ricardo from a limited automotive engineering business to a multi-sector, global engineering and environmental consultancy, ElectraMeccanica noted in a statement.
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Shemmans also co-founded Wavedriver, an electric vehicle powertrain company, which he led through two funding rounds from patented concept to production, delivering electric and hybrid vehicle demonstrators into Brazil, Australia, Italy, and the UK.
The new board member holds a Bachelor of Science in Electrical and Electronic Engineering from the University of Manchester Institute for Science and Technology and an Executive Certification from Harvard Business School.
“We believe Dave’s direct experience leading electrified automotive product development and his demonstrated ability to scale new technologies into global markets will make him instrumental in our future product evolution,” Paul Rivera, ElectraMeccanica’s CEO, said in a statement.
“In addition, his entrepreneurial background, augmented by his sixteen-year tenure at the helm of a UK-based, publicly-traded company, delivers a solid foundation for him to help us execute against our worldwide growth strategy as well as provide guidance on corporate governance.”
Shemmans told shareholders that it is “an exciting and important time” in ElectraMeccanica’s progression.
“With the impacts of climate change visibly around us, there is a compelling need for decarbonized, electrified vehicles within commercial and consumer markets. Moreover, with the pandemic’s ongoing impact to mass transportation and general congestion in city centers, the SOLO presents a clear and viable alternative for individual and fleet-based transportation globally. I look forward to working alongside Paul and the rest of the board to address these major market opportunities and realize the company’s vision of a SOLO revolution.”
Separately, ElectraMeccanica also announced that Peter Savagian will be resigning and stepping down from the Board of Directors of ElectraMeccanica to pursue other obligations.
ElectraMeccanica is a Vancouver-based designer and manufacturer of environmentally efficient electric vehicles.
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