Karina Padilla to Step Down as CFO
BURLINGAME, Calif., May 01, 2023 (GLOBE NEWSWIRE) — Proterra Inc (NASDAQ: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced the appointment of David Black, a public company finance executive with more than 30 years’ experience in public corporate accounting and finance leadership, as the Company’s new Chief Financial Officer, effective May 16, 2023.
Karina Padilla, the Company’s current CFO, will step down from her role effective May 15, 2023. Ms. Padilla will remain with the Company as a non-executive officer employee through June 2, 2023 and will work closely with Mr. Black to support a smooth transition of responsibilities.
“David is a seasoned finance executive with deep leadership experience. We are fortunate to welcome someone with his skillset to our Company as we work to meet the exciting opportunities ahead for commercial vehicle electrification,” said Proterra CEO Gareth Joyce. “We are also very thankful to Karina for her dedication and commitment to our company’s mission, and wish her well as she embarks on a new chapter.”
“Proterra has a proven track record of innovation and achievement within the commercial vehicle market. I’m excited to join Proterra as the demand for heavy-duty electric vehicles and batteries continues to rise, and look forward to working with the entire Proterra team,” said Mr. Black.
“It has been an honor to contribute to Proterra’s mission and work with the talented team of people across the organization. I’m confident that Proterra will continue to play a leading role as commercial vehicles accelerate towards electrification,” said Ms. Padilla.
About David Black
Prior to joining the Company, Mr. Black served as a Special Advisor to the CEO of BWX Technologies, a leading supplier of nuclear components and fuel to the U.S. government, from November 2021 until his retirement in March 2022, and prior to that as Senior Vice President and Chief Financial Officer of BWX Technologies from July 2015 to November 2021. Mr. Black also served as Vice President and Chief Accounting Officer and in other roles at The Babcock & Wilcox Company, an international energy technology company headquartered in the United States, from 1991 to 2015. Mr. Black holds a Master of Science in Accounting from the Rochester Institute of Technology and a Bachelor of Science in Accounting from Liberty University. He is a Certified Public Accountant and a Chartered Global Management Accountant.
Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, please visit www.proterra.com
FORWARD-LOOKING STATEMENTS – This press release may contain forward-looking statements that involve risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss prospects and expectations concerning our industry and business. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, please visit Proterra.com.
Proterra Corporate Communications
Proterra Investor Relations