Announcement • Jul 08

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Envirotech Vehicles, Inc. Announces CEO Changes, Effective July 2, 2026

Envirotech Vehicles, Inc. announced that, in accordance with the Merger Agreement, effective upon the Closing on July 2, 2026, Phillip W. Oldridge resigned from his position as Chief Executive Officer of the Company. His resignation was not the result of any disagreements with the Company relating to the Company’s operations, policies or practices. Effective immediately following the Closing, Chris Young was appointed as Chief Executive Officer of the Company. Chris Young is a serial entrepreneur, operator, early-stage investor, and strategic advisor with nearly two decades of experience founding, building, and advising high-growth technology and consumer brands. Mr. Young most recently served as Chief Executive Officer and Chairman of the Board of Directors of Azio AI from October 2025 until it was acquired by the Company in July 2026. He has served as an operator in the pre-seed and seed stages of eight startups, four of which achieved profitable exits, and has been involved in raising more than $245 million in pre-seed, seed, and Series A capital for startups and publicly traded companies. From March 2020 to October 2021, he was co-founder and President of Clubhouse Media Group, which reached a peak market capitalization of more than $2 billion and which he helped build into one of the largest publicly traded influencer-marketing agencies through strategic acquisitions and partnerships with leading creators and consumer brands. From January 2018 to January 2019, he served as Chief Strategy Officer of Cannabis Strategic Ventures, which reached a peak market capitalization of more than $1 billion, later serving as its Strategy Consultant from June 2019 to July 2022, and he co-founded one of the first California-based cannabis companies to trade on the U.S. OTC public markets. Since 2012, Mr. Young has been of counsel to Harris Tulchin & Associates Ltd., where his practice focuses on corporate and intellectual property law, and since December 2019 he has served as Director of Legal and Compliance at Kingdom Realty Group in the Commercial Real Estate sector. His earlier ventures include WHIPP, a parking-technology company which was acquired by Republic Parking and Classic Parking, and FD9 Group, a fashion tech company which developed brands for Paris Hilton and Yolanda Hadid and was distributed through Neiman Marcus, Nordstrom, and other national retailers. Since June 2016, Mr. Young has served as a Resident Advisor at Amplify.LA, a Los Angeles-based venture capital firm, where he advises early-stage technology and consumer companies — including artificial intelligence and software startups — on corporate strategy, business development, fundraising, and go-to-market execution, and where his advisory work has included supporting the strategic development and marketing of C4 Energy prior to its partial acquisition by Keurig Dr Pepper. Mr. Young holds a Bachelor of Arts in International Politics from Occidental College, a Juris Doctor from Southwestern Law School, and an Executive Master of Business Administration from the University of Southern California.

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