XL Fleet Announces New Government Crew Appointments to Direct the Company’s XL Grid and Legal Companies

BOSTON–(Business WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a chief in car electrification remedies for commercial and municipal fleets, currently introduced two additions to its executive leadership workforce created to assist the Company’s fast expansion programs in 2021 and further than.

Colleen Calhoun, a thoroughly clean energy executive who invested around two many years at GE in senior management roles throughout its electricity, energy and finance corporations, has joined XL Fleet as Vice President and Typical Manager of the Company’s XL Grid division. In this position, Colleen will be liable for top and growing the XL Grid small business, which offers professional and municipal fleet buyers with charging infrastructure, energy storage and electricity solutions for fleets, and improvements XL Fleet’s Electrification as a Assistance Providing.

In the course of her tenure at GE, Colleen held essential management positions throughout several thriving organization units. She served as the head of GE Power Ventures, leader of Advertising and marketing & Tactic for GE’s Electrical power & Drinking water organization and head of the World-wide Advancement Marketplaces platform for Strength Economic Products and services. Colleen was also a senior member of the GE crew that launched Present-day, a foremost company of energy performance and electronic productivity methods for business properties and metropolitan areas. Colleen served as Main Advertising and marketing Officer and head of Business enterprise Improvement and was instrumental in the divesture of the organization from GE in 2019. Most just lately, Colleen has been a strategic advisor to Commonwealth Fusion, Quaise Inc. and numerous other firms, aiding them develop and scale their vitality-targeted businesses. She is a member of the Board of Administrators for Quaise, Inc. and the Clear Energy Trust.

XL Fleet also introduced it has appointed Jim Berklas, a senior authorized and M&A executive, as the Company’s Normal Counsel & Vice President of Company Growth. In this position, Jim will oversee the Company’s legal and compliance features and help execute on its company progress initiatives, which includes strategic M&A investments. Prior to joining XL Fleet, Jim founded a boutique expense lender symbolizing smaller sized domestic brands and served as the Chief Development Officer, head of M&A and typical counsel of health care system and packaging maker Westfall Technik, where he led the acquisition of 17 companies and enhanced profitability by more than 40%. Jim delivers 25 several years of lawful encounter with 11 yrs of general public firm leadership and has shut more than 200 acquisition and financing transactions.

“Just one of XL Fleet’s earliest write-up-merger priorities is to include the essential management talent needed to assist the Firm execute on its rapid expansion ideas,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “Colleen and Jim deliver a wealth of new knowledge and management abilities to XL Fleet, and we are energized to convey them on board as we start off scaling the firm in 2021.”

About XL Fleet Corp.

XL Fleet is a major service provider of auto electrification options for business and municipal fleets in North The us, with extra than 140 million miles pushed by customers these types of as The Coca-Cola Firm, Verizon, Yale College and the Town of Boston. XL Fleet’s hybrid and plug-in hybrid electric generate devices can maximize gas economy up to 25-50 % and decrease carbon dioxide emissions up to 20-33 p.c, lowering working expenditures and assembly sustainability plans although enhancing fleet operations. XL Fleet’s plug-in hybrid electric powered generate program was named a person of TIME magazine’s best inventions of 2019. For added information and facts, please take a look at www.xlfleet.com.