with Nikola’s needs. We are confident that Mary’s valuable perspective and insights will help the Board and management team exe- cute on its strategic and business priorities.” Petrovich is currently chairman of the board of two private companies: DealerShop, North America’s largest buying group for dealerships and collision centers, and Traxen, a software developer focused on devising the most useful combination of technologies to promote safe driving and more efficient fuel use for the heavy-duty trucking industry. Most recently, she served as executive chairman of AxleTech, where she helped shape the company’s electric vehicle strate- gy for the truck and bus markets, positioning it as a technology leader. She also previously NIKOLA ROADMAP held the position of president of Dura Au to- Nikola is on track to begin deliveries motive’s driver controls unit and served in of Nikola Tre battery-electric semi- var ious roles with increasing responsibility at trucks in the US during 2021. AlliedSignal, and . Nikola also plans to break ground on their first commercial hydrogen NEW EXECUTIVE station in 2021. Pablo Koziner has been promoted to presi- The company’s fuel-cell-electric dent of Nikola’s Energy and Commercial semi-trucks will be produced at Division. Koziner joined Nikola in June 2020 Nikola’s Coolidge, Arizona facility as president of Nikola Energy, to oversee beginning in 2023. hydrogen fueling and battery charging initia- tives focusing on delivering and maintaining the energy infrastructure required to support Nikola Corporation (: NKLA) Nikola’s battery-electric and fuel-cell electric is globally transforming the transpor- vehicle programs. His role has now expanded tation industry. As a designer and mers. Nikola remains laser-focused on deliv- to include the commercial vehicle business. manufacturer of zero-emission bat- NIKOLA PARTNERSHIP CHANGES ering on our battery-electric and fuel-cell Within this new capacity, Koziner will main- tery-electric and hydrogen-electric elec tric commercial truck programs, and the tain his energy responsibilities and lead vehi- vehicles, electric vehicle drivetrains, AND NEW APPOINTMENTS energy infrastructure to support them.” cle business development, dealer develop- vehicle components, energy storage NIKOLA AND GM executive officer of Nikola. NIKOLA AND REPUBLIC ment and administration, vehicle sales war- systems, and hydrogen station Nikola Corporation has signed a non-binding “Heavy trucks remain our core business Nikola Corporation has discontinued its col- NEW BOARD MEMBER ranty and service. infrastructure, Nikola is driven to Memoran dum of Understanding (MOU) with and we are 100 percent focused on hitting our laboration with Re pub lic Services on refuse Mary L Petrovich has been appointed to the “I am excited to have the opportunity to revolutionize the economic and General Motors for a global supply agree- development milestones to bring clean hydro- truck development. The goal had been to Nikola Board of Directors as a new independ- provide leadership to two critical parts of the environmental impact of commerce ment related to the integration of GM’s Hydro- gen and battery-electric commercial trucks design and build an industry-first fully inte- ent director. Petrovich is an accomplished Nikola business—the commercial operations as we know it today. tec fuel-cell technology into Nikola’s Class 7 to market. We believe fuel-cells will become grated refuse truck based on a zero-emis- bus iness leader and entrepreneur with a pas- and the energy business,” said Koziner. “I look Founded in 2015, Nikola Corporation and Class 8 zero-emission commercial semi- increasingly important to the semi-truck mar- sions battery-electric drive platform and body sion for disruptive technologies and leading forward to continuing to work with the great is headquartered in Phoenix. trucks for the medium- and long-haul trucking ket, as they are more efficient than gas or while also integrating multiple new systems innovation. Over the past 30 years, she has teams within Nikola and with our industry sectors, superseding and replacing the trans- diesel and are lightweight compared to bat- into a new state-of-the-art vehicle. engineered three successful private equity partners to execute on our stated initiatives For more information, visit action announced in September 2020. teries for long hauls. By working with GM, we Both companies determined that the com- turnarounds and guided start-up ventures. and deliver value to our customers, share- www.nikolamotor.com Nikola expects to begin testing production- are reinforcing our companies’ shared com- bination of the various new technologies and “I believe in the company’s mission that holders and the communities that we serve.” or Twitter @nikolamotor. engineered prototypes of its hydrogen fuel- mitment to a zero-emission future.” design concepts would result in longer than combines zero-emission commercial trucking A 19-year veteran of Caterpillar, Koziner cell powered trucks by the end of 2021, with The agreement between Nikola and GM is expected development time and unexpected with an innovative energy infrastructure,” most recently served as vice president of CAT testing for beta prototypes expected to begin subject to negotiation and execution of defin- costs. Thus the program is being terminated said Petrovich. “This company has a great Electric Power and as president of Solar Tur- in the first half of 2022. In addition, Nikola and itive documentation acceptable to both par- resulting in the cancellation of the previously future ahead. I look forward to working with bines Incorporated (a Caterpillar Company). GM will discuss the potential for the utiliza- ties. The MOU does not include the previous- announced vehicle order. my fellow Board members and management Prior to joining Caterpillar, Koziner prac- tion of GM’s versatile Ultium battery system in ly contemplated GM equity stake in Nikola or “This was the right decision for both com- to meet Nikola’s milestones while creating ticed commercial law at Hunton & Williams Nikola’s Class 7 and Class 8 vehicles. development of the Nikola Badger (above). panies given the resources and investments shareholder value.” LLP (now Hunton Andrews Kurth LLP) and “We are excited to take this important step As announced earlier, the Nikola Badger required,” said Nikola CEO Mark Russell. “We “Mary will be a real asset to Nikola’s later at Paul Hastings LLP. with GM, which provides an opportunity to program was dependent on an OEM partner- support and respect ’ com- board,” said board chairman Steve Girsky. Koziner is a graduate of Boston College leverage the resources, strengths and talent ship. Nikola will refund all previously submit- mitment to achieving environmentally re spon - “Her transformative experience in automo- and earned a Juris Doctorate degree from of both companies,” said Mark Russell, chief ted order deposits for the Nikola Badger. sible, sustainable solutions for their custo- tive, and trucking specifically, parallels nicely Boston College Law School. ■

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