Lordstown Motors Corp. Announces Management Changes
Lordstown Motors Corp. announced that 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. 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 currently serves as Chairman and Chief Executive Officer of TAG Holdings, LLC. Prior to that, Mr. Anderson served as Chairman and Chief Executive Officer of Chivas Industries, LLC. Ms. Soave 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.