MONTREAL, April 6, 2021 /CNW Telbec/ - Lion Electric
(Lion), a leading manufacturer of all-electric medium and
heavy-duty urban vehicles, announced today that François Duquette
has been named Vice President, Chief Legal Officer and Corporate
Secretary, effective April 12, 2021.
In this newly created role, Mr. Duquette will oversee all aspects
of legal and regulatory affairs, as well as provide strategic
counsel to the senior management team and board of directors. He
will report to Marc Bédard, Founder and CEO.
"It is my pleasure to welcome François to our executive
management team," said Marc Bédard. "With over 20 years of
international business experience, François' expertise will be
important in providing ongoing strategic advice and legal counsel
to our team, as we are about to start a new chapter of our history
as a public company. I look forward to his valuable contribution
and insight as we continue to execute our plan of long-term,
sustainable growth," said Marc Bédard.
Mr. Duquette was most recently Managing Director, Global Private
Equity at Caisse de dépôt et placement du Québec ("CDPQ"), which he
joined in 2015 as Vice-President, Legal Affairs, Investment. In his
recent role, he co-led CDPQ's private equity direct investment
strategy outside of Quebec,
primarily in Europe and
Asia Pacific. Mr. Duquette also
co-chaired CDPQ's International Private Equity and Technology
Investment Committees. Before joining CDPQ, he was a Partner at
Allen & Overy LLP, an international law firm, where he
specialized in mergers and acquisitions. During his years with the
firm, he worked in their Toronto,
Abu Dhabi and Casablanca
offices. Prior to Allen & Overy, Mr Duquette practiced in
Paris and Abu Dhabi with international law firm Simmons
& Simmons LLP.
Mr. Duquette holds a Bachelor of Civil Law (BCL) and a Juris
Doctor (JD) from McGill University. He
is a member of the Barreau du Québec and a Solicitor of the Senior
Courts of England and
Wales.
About Lion Electric
Lion Electric is an innovative manufacturer
of zero-emission vehicles. The company creates, designs
and manufactures all-electric class 5 to class 8 commercial
urban trucks and all-electric buses and minibuses for the school,
paratransit and mass transit segments. Lion is a North
American leader in electric transportation and designs, builds
and assembles all its vehicles' components, including chassis,
battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion
vehicles have unique features that are specifically adapted to its
users and their everyday needs. Lion believes that transitioning to
all-electric vehicles will lead to major improvements in our
society, environment and overall quality of life.
Transaction with Northern Genesis
On November 30, 2020, Lion
announced that it had entered into a business combination agreement
and plan of reorganization pursuant to which, subject to the
satisfaction of customary closing conditions, a wholly-owned
subsidiary of Lion will merge with Northern Genesis Acquisition
Corp. (NYSE: NGA), a publicly traded special purpose acquisition
company focused on a commitment to sustainability and strong
alignment with environmental, social and governance principles.
Upon completion of the transaction, Lion is expected to be listed
on the New York Stock Exchange (NYSE) under the new ticker symbol
"LEV".
Lion Electric, The Bright Move
Thelionelectric.com
Forward-Looking Statements
All statements other than statements of historical facts
contained in this press release constitute "forward-looking
statements" (which shall include forward-looking information within
the meaning of Canadian securities laws) within the meaning of
Section 27A of the Securities Act. Forward-looking statements may
generally be identified by the use of words such as "believe,"
"may," "will," "continue," "anticipate," "intend," "expect,"
"should," "would," "could," "plan," "potential," "future," "target"
or other similar expressions that predict or indicate future events
or trends or that are not statements of historical matters,
although not all forward-looking statements contain such
identifying words. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Lion's management and are not
predictions of actual performance. These forward-looking statements
are provided for the purpose of assisting readers in understanding
certain key elements of Lion's current objectives, goals, targets,
strategic priorities, expectations and plans, and in obtaining a
better understanding of Lion's business and anticipated operating
environment. Readers are cautioned that such information may not be
appropriate for other purposes and is not intended to serve as, and
must not be relied on, by any investor as a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability.
Forward-looking statements involve inherent risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Lion, and are based on a number of
assumptions, as well as other factors that Lion believes are
appropriate and reasonable in the circumstances, but there can be
no assurance that such estimates and assumptions will prove to be
correct or that Lion's vision, business, objectives, plans and
strategies will be achieved. Many risks and uncertainties could
cause Lion's actual results, performance or achievements or future
events or developments to differ materially from those expressed or
implied by the forward-looking statements.
In addition, forward-looking statements reflect Lion's
expectations, plans or forecasts of future events and views as of
the date of this press release. Lion anticipates that subsequent
events and developments will cause Lion's assessments to change.
However, while Lion may elect to update these forward-looking
statements at some point in the future, Lion has no intention and
undertakes no obligation to do so, except as required by applicable
law. These forward-looking statements should not be relied upon as
representing Lion's assessments as of any date subsequent to the
date of this press release. Lion's forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
The complete version of the cautionary note regarding
forward-looking statements as well as a description of the relevant
assumptions and risk factors likely to affect Lion's actual
results, performance or achievements or future events or
developments to differ materially from those expressed or implied
by the forward-looking statements are included in the registration
statement on Form F-4 filed by Lion under its profile on EDGAR
at www.sec.gov.
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SOURCE The Lion Electric Co.