Energy industry veteran will leverage decades
of finance and operations experience to lead EVgo’s next phase of
growth
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation’s largest public fast charging networks for electric
vehicles (EVs), today announced the appointment of Paul Dobson as
Chief Financial Officer (CFO), effective October 1, 2024.
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EVgo appoints Paul Dobson as Chief
Financial Officer (Graphic: Business Wire)
Dobson has more than 30 years of professional experience in
finance and operations roles – including in the energy sector, most
recently serving as CFO of Ballard Power Solutions, a global
provider of innovative clean energy solutions. In his role as CFO,
Dobson will help EVgo solidify its path to profitability as it
continues to expand its nationwide network.
Badar Khan, CEO of EVgo, said, “Today’s announcement is the
conclusion of a rigorous search and selection process to identify
the ideal leader to join our executive team and oversee our finance
function, and we are thrilled to welcome Paul to EVgo. With his
decades of financial, operational and leadership experience in the
energy industry, the Board and I are confident that Paul is the
right executive at the right time to take on this role. The
electric revolution is well underway, and we look forward to
benefitting from Paul’s expertise as we build on our momentum and
further cement EVgo as the charging network of choice for
investors, drivers and business partners.”
Dobson commented, “EVgo’s record network utilization speaks for
itself, and I am honored to join the Company during this important
point in its and the industry’s journey. As widespread EV adoption
continues to expand across the U.S., I look forward to working with
Badar and the entire leadership team to generate enhanced value
creation for our shareholders, and further strengthen the business’
unit economics, achieve our path to profitability and ensure EVgo’s
business model remains competitive in an ever-growing market.”
Prior to his time at Ballard, Dobson held the roles of Interim
President and CEO and the role of CFO of Hydro One, the province of
Ontario’s largest electricity transmission and distribution service
provider. Before joining Hydro One, from 2014-2018, he served as
CFO and COO of Direct Energy Ltd., a provider of electricity,
natural gas and home services across the U.S. and Canada. He
previously held senior leadership positions in finance, operations,
information technology and customer service across the Centrica
Group, the parent company of Direct Energy. Before Direct Energy,
Dobson spent 10 years in various finance, strategy and business
development roles at CIBC, a leading North American financial
institution.
Dobson is a member of the Board of Directors and sits on the
Audit Committee of Methanex Corporation, the leading global
producer and supplier of methanol to major international markets.
Dobson holds an honors bachelor’s degree from the University of
Waterloo, as well as an MBA from the University of Western Ontario
and is a CPA, CMA.
For more information about the EVgo charging network, visit
www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in electric vehicle charging
solutions, building and operating the infrastructure and tools
needed to expedite the mass adoption of electric vehicles for
individual drivers, rideshare and commercial fleets, and
businesses. EVgo is one of the nation’s largest public fast
charging networks, featuring over 1,000 fast charging locations
across more than 35 states, including stations built through EVgo
eXtend™, its white label service offering. EVgo is accelerating
transportation electrification through partnerships with
automakers, fleet and rideshare operators, retail hosts such as
grocery stores, shopping centers, and gas stations, policy leaders,
and other organizations. With a rapidly growing network and unique
service offerings for drivers and partners including EVgo
Optima™, EVgo Inside™, EVgo Rewards™, and
Autocharge+, EVgo enables a world-class charging experience
where drivers live, work, travel and play.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," “proposed,” "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target" or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to, express
or implied statements regarding EVgo’s continuing operational
focus, anticipated industry developments, potential opportunities,
future financial performance, and statements regarding the
Company’s leadership succession plan. These statements are subject
to numerous assumptions, risks and uncertainties and on the current
expectations of EVgo’s management and are not predictions of actual
performance. These risks include the Company’s ability to implement
a smooth leadership transition as well as to other risks described
in “Risk Factors” in EVgo’s Annual Report on Form 10-K filed with
the SEC on March 6, 2024, as well as its other filings with the
SEC, copies of which are available on EVgo’s website at
investors.evgo.com, and on the SEC’s website at www.sec.gov. All
forward-looking statements in this press release are based on
information available to EVgo as of the date hereof, and EVgo does
not assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240919130424/en/
For Investors: investors@evgo.com
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