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ElectraMeccanica Appoints Former GM Executive Susan Docherty as New CEO, Moves Corporate Headquarters to US (from Burnaby)
Tuesday, December 6, 2022Company Profile | Follow Company
Seasoned Growth Executive Susan Docherty Assumes Both CEO and Interim COO Roles
Kevin Pavlov and Joe Mitchell Resign Effective Immediately
Mesa Manufacturing Facility to be Commissioned on December 12, 2022, Become New Corporate HQ
Vancouver, BC, December 6, 2022--(T-Net)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced substantial leadership and operating changes in order to accelerate its transition to onshore manufacturing and commercialization of its unique horizontal market.
Susan Docherty, CEO, ElectraMeccanica
Susan Docherty, a proven CEO, executive and board member with three-plus decades of experience driving growth, transforming brands and defining markets - including over 25 years at General Motors - assumes both the CEO and Interim COO roles effective immediately.
Kevin Pavlov and Joe Mitchell, respectively the outgoing CEO and COO, have resigned to pursue other opportunities.
In connection with this leadership change, the Company also announced that it will officially commission its Mesa, Arizona manufacturing facility on December 12, 2022; and hold its first-ever investor day on February 15, 2023.
The company also announced that the new CEO has decided to commit the Company fully to its multi-billion dollar US market by making Mesa ElectraMeccanica's corporate headquarters (currently in Burnaby, BC).
"Burnaby, British Columbia was an excellent HQ for the first stage of the Company's Founder-led growth. But now that ElectraMeccanica is ready to scale, the reality is that - as a consumer-centric organization - the business needs to be close to the communities and markets it serves, so that we can continuously adjust and improve how we meet consumer needs in real time", said the company in a related announcement on its blog. "Putting both our manufacturing and our leadership at the heart of it just makes sense."
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and manufacturer of environmentally efficient electric vehicles (EVs). The company's flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility.
Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Depending on driving conditions, temperature and climate controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph.
The SOLO also features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system.
It blends a modern look with safety features at an accessible price point of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which features an expanded cargo box to accommodate a wide variety of fleet and commercial applications. The SOLO is currently available for order here.
Safe Harbor Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. [ MORE ] |
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ElectraMeccanica Vehicles Corp.
Vancouver (CleanTech & Energy)
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