Farace is an achieved government and chief with an extended profession in finance and normal enterprise administration. He gained greater than 40 years of economic companies expertise in Mergers and Acquisition, Funding Banking, Company Banking, Treasury and Transaction Companies, Retail and Client Finance, and Fintech, with over 20 years in world management roles at Citigroup. Farace’s deep banking background is complemented by time as a public firm CEO and expertise in world working roles throughout North America, Japan, Europe, the Center East, and Africa.
“Andrea brings in depth experience in finance and governance to the Hyzon Board of Administrators, gained from his work as company government and thru advisory capacities as board member,” mentioned Elaine Wong, Hyzon’s Lead Impartial Director. “Andrea has a nuanced understanding and first-hand expertise navigating the complexities of scaling a world enterprise, which can be invaluable as Hyzon continues to develop and transfer towards commercialization of its gasoline cell electrical automobiles.”
Farace served as Government Vice President at Wirecard Card Options Restricted, the place he was liable for all Wirecard Group divestitures globally working for the court docket appointed Administrator of the Wirecard AG group. Beforehand, from 1999 to February 2020, Mr. Farace held a number of senior positions at enterprise models of Citigroup Inc., as Head of, or Chief Working Officer of, a number of companies together with Citi Holdings, Citi Transaction Companies, Citi CEEMEA area, Citi Japan Funding Banking and International Funding Banking.
Since 2022, Farace has served on the Board of HBL Financial institution UK Ltd, the place he’s presently Chairman, a full-service banking establishment, regulated by the UK PRA and the FCA, an entirely owned subsidiary of Habib Financial institution Restricted, Pakistan, the biggest financial institution in Pakistan. Since 2020, he has served on the non-public Board of Wirecard Card Options Restricted (a previously FCA licensed e-money establishment now in voluntary liquidation); and since 2023 on the Board of Ptech Holdings Gmbh, a privately held digital score and credit score evaluation supplier for the monetary companies sector.
Farace holds a level in Statistical, Demographic and Actuarial Sciences from the Università di Roma in addition to a Grasp’s diploma in Enterprise Administration from Columbia Enterprise College.
About Hyzon
Hyzon is a world provider of gasoline cell electrical mobility, with US operations within the Rochester, Chicago and Detroit areas, and worldwide operations within the Netherlands, Australia, and China. Hyzon is an vitality transition accelerator and know-how innovator, offering options within the transport sector with a give attention to business automobiles and hydrogen provide infrastructure. Using its proprietary hydrogen gasoline cell know-how, Hyzon’s mission is to produce zero-emission heavy obligation vehicles to clients in North America, Europe and world wide to mitigate emissions from diesel transportation – one of many single largest sources of carbon emissions globally. The Firm is contributing to the adoption of gasoline cell electrical automobiles via its demonstrated know-how benefit, gasoline cell system efficiency, and innovation. Go to www.hyzonmotors.com.
Ahead-Wanting Statements
This press launch consists of “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. All statements, apart from statements of current or historic reality included on this press launch, are forward-looking statements. When used on this press launch, the phrases “goals”, “may,” “ought to,” “will,” “could,” “imagine,” “anticipate,” “intend,” “estimate,” “anticipate,” “challenge,” the destructive of such phrases and different related expressions are meant to establish forward-looking statements, though not all forward-looking statements comprise such figuring out phrases. These forward-looking statements are primarily based on administration’s present expectations and assumptions about future occasions and are primarily based on presently out there data as to the end result and timing of future occasions. Besides as in any other case required by relevant legislation, Hyzon disclaims any obligation to replace any forward-looking statements, all of that are expressly certified by the statements on this part, to replicate occasions or circumstances after the date of this press launch. Hyzon cautions you that these forward-looking statements are topic to quite a few dangers and uncertainties, most of that are tough to foretell and lots of of that are past the management of Hyzon, together with dangers and uncertainties described within the “Danger Components” part of Hyzon’s Annual Report on Type 10-Ok/A for the yr ended December 31, 2021 filed with the U.S. Securities and Trade Fee (the “SEC”) on March 14, 2023, and different paperwork filed by Hyzon every so often with the SEC. These filings establish and handle different vital dangers and uncertainties that might trigger precise eventsand outcomes to vary materially from these contained within the forward-looking statements. Hyzon provides no assurances that Hyzon will obtain its expectations.
SOURCE Hyzon Motors Inc.