{"id":783035,"date":"2023-09-11T09:48:49","date_gmt":"2023-09-11T13:48:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/"},"modified":"2023-09-11T09:48:49","modified_gmt":"2023-09-11T13:48:49","slug":"ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/","title":{"rendered":"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors"},"content":{"rendered":"
\n

TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd.<\/u><\/a> (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE’s 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE\u2019s Board in June<\/u><\/a> shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering.<\/p>\n

\u201cI would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prepare to begin deliveries and service, ramp up production and accelerate growth,\u201d said Daniel Barel, CEO and co-founder of REE Automotive. \u201cCarlton\u2019s leadership and unique industry perspective, having worked in the global fleet industry for decades, combined with his ability to truly understand why REE\u2019s technology and business model sets us apart. Carlton has already provided great value as a board member since his appointment in early June, and I look forward to continuing working closely with him.\u201d<\/p>\n

\u201cI have been around trucks my entire life, and I have a good understanding of what good looks like. REE\u2019s technology is a game changer in the industry,\u201d said Carlton Rose. \u201cThe U.S. commercial fleet market is on the cusp of a major transformation due to the move towards electrification. This shift offers benefits that extend beyond carbon neutrality, fundamentally changing how companies build, acquire, manage, and maintain their fleets. In the next few quarters, we expect to see crucial milestones for the company. Our understanding of our customers and our partners will be vital as we build out our fleet relationships, continue to expand our dealer network, and bring winning reliable technology to the market. I have been following REE closely for the past four years and as I have always said, \u2018better is before us,\u2019 and REE will be an essential part of achieving better.\u201d<\/p>\n

Arik Steinberg will voluntarily step down and not stand for re-election at the AGM. Following these changes, REE\u2019s Board will comprise of eight directors; three of them women and four of whom are independent.<\/p>\n

\u201cArik has been a part of REE for more than six years, and we were fortunate to have had his insight and leadership as Chairman of our Board,\u201d Barel added. \u201cWe shared\u00a0successes and faced challenges and I want to thank Arik for his years of service and support to REE\u201d.<\/p>\n

To learn more about REE Automotive\u2019s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto<\/u><\/a>.<\/p>\n

\n Media Contact<\/strong>
\n
Malory Van Guilder
Skyya PR for REE Automotive
+1 651-335-0585
ree@skyya.com<\/p>\n

\n Investor Contact<\/strong>
\n
Kamal Hamid
VP Investor Relations | REE Automotive
+1 303-670-7756
investors@ree.auto<\/p>\n

\n About REE Automotive<\/strong>\n <\/p>\n

REE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build any size or shape of electric vehicle on their modular platforms. With complete design freedom, vehicles Powered by REE are equipped with the revolutionary REEcornerTM<\/sup>, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. With proprietary by-wire technology for drive, steer and brake control that eliminate the need for mechanic connections, all four identical REEcornersTM<\/sup> enable REE to build the industry\u2019s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low TCO, and drastically reduce the time to market for fleets looking to electrify. To learn more visit\u00a0www.ree.auto<\/u><\/a>.<\/p>\n

\n Caution About Forward-Looking Statements<\/strong>\n <\/p>\n

This communication includes certain forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words \u201caim\u201d \u201canticipate,\u201d \u201cappear,\u201d \u201capproximate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforesee,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwould\u201d, \u201cdesigned,\u201d \u201ctarget\u201d and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE\u2019s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE\u2019s expectation for growth, and its future results, operations and financial performance and condition.<\/p>\n

These forward-looking statements are based on REE\u2019s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE\u2019s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.<\/p>\n

Uncertainties and risk factors that could affect REE\u2019s future performance and could cause actual results to differ include, but are not limited to: REE\u2019s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE\u2019s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE\u2019s advanced prototypes into marketable products; REE\u2019s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE\u2019s estimates of unit sales, expenses and profitability and underlying assumptions; REE\u2019s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE\u2019s limited operating history; risks associated with building out of REE\u2019s supply chain; risks associated with plans for REE\u2019s initial commercial production; REE\u2019s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq\u2019s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE\u2019s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE\u2019s ability to enforce, protect and maintain intellectual property rights; REE\u2019s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in REE\u2019s annual report filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on March 28, 2023 and in subsequent filings with the SEC.<\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/a2f4cfd9-6a7e-49d9-adfd-40ef827908e2<\/a><\/p>\n


\n
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TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE’s 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE\u2019s Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. \u201cI would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prepare to begin deliveries and service, ramp up production … <\/p>\n

Continue reading “REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nREE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd. 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Rose joined REE\u2019s Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. \u201cI would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prepare to begin deliveries and service, ramp up production … Continue reading "REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T13:48:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg3MyM1ODA3ODM1IzIyMDgxMzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors\",\"datePublished\":\"2023-09-11T13:48:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/\"},\"wordCount\":1479,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxOTg3MyM1ODA3ODM1IzIyMDgxMzQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\\\/\",\"name\":\"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors - 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(Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE’s 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE\u2019s Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. \u201cI would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prepare to begin deliveries and service, ramp up production … Continue reading \"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-11T13:48:49+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg3MyM1ODA3ODM1IzIyMDgxMzQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors","datePublished":"2023-09-11T13:48:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/"},"wordCount":1479,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxOTg3MyM1ODA3ODM1IzIyMDgxMzQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ree-automotive-appoints-carlton-rose-former-global-president-of-fleet-maintenance-and-engineering-at-ups-as-chairman-of-its-board-of-directors\/","name":"REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors - 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