Proterra announces new CEO
Proterra announced that Gareth Joyce, who currently serves as President of Proterra, will succeed Jack Allen as Chief Executive Officer and join the Company’s Board of Directors, effective January 1, 2022.
Jack Allen will retire from his position as CEO and continue to serve on the Company’s Board as Non-Executive Chairman from that point. Proterra also announced that Karina Franco Padilla has been appointed Chief Financial Officer, effective January 1, 2022. In addition, Proterra announced that, in conjunction with Mr. Joyce’s appointment, Ryan Popple will step down as a director on the board. ML Krakauer, “a proven technology executive”, was instead appointed to the Board and will join the Compensation Committee. These changes will also become effective on January 1, 2022.
The managerial board changes were initially announced in September, with the appointments now finally following. “It has been a privilege to serve as CEO of Proterra, and I could not be more proud of how we have come together to redefine the commercial vehicle industry,” explains Jack Allen, “Since I joined the Company’s Board in 2017, we’ve grown tremendously, expanding our technology, scaling our operations and delivering more EV solutions to customers every year. With our public listing now behind us and the Company bigger and stronger than ever, now is the right time for me to retire and transition and focus on serving on the Board.”
Gareth Joyce’s strategy will follow mostly in the same direction as Allen’s, as Joyce states: “Thanks to Jack’s leadership, Proterra has a strong foundation in place. As the race towards a zero-emission future continues, I am confident we will continue playing a central role in electrifying the commercial vehicle sector for years to come. As CEO, I will be committed to working with our incredibly talented team to provide customers with best-in-class electric buses and technology, growing our share of the EV market and creating long-term value for shareholders.”