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Daily Newsletter

23 August 2023

Daily Newsletter

23 August 2023

Hyzon Motors elects new board chairman

Erik Anderson will replace George Gu, who resigned his position

Luke Martin August 23 2023

Hyzon Motors has announced its Board of Directors elected Erik Anderson as Chairman of the Board of Directors, effective August 24, 2023.

Anderson would replace George Gu, who resigned his position. Andrea Farace was elected as Vice Chairman.

“I believe Hyzon is a truly exceptional company that is helping accelerate the hydrogen transition and commercialisation with its proven fuel-cell technology and superior performance,” said Erik Anderson.

Anderson has served on Hyzon’s Board of Directors since 2021 and according to the company “is known as a global innovation leader and investor, with leadership roles spanning various sectors”.

Anderson has won the EY Entrepreneur of the Year Award and was named by Goldman Sachs as one of the Top 100 Most Intriguing Entrepreneurs. In addition, he has received the Transformative CEO Award by The CEO Forum Group.

“As we look to the future, Erik brings proven experience and capabilities to this position, especially when it comes to driving commercialisation, scaling companies, and raising capital,” said Hyzon CEO Parker Meeks.

Tyres and exhaust systems expected to dominate the automotive aftermarket industry

Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Per GlobalData estimates, the global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a CAGR of 5.8% by 2030.

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