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on Vicinity Motor Corp. (NASDAQ:VEV)

Brent Phillips Appointed President to Spearhead Growth at Vicinity Motor Corp.

Vicinity Motor Corp., a leading supplier of mid-size buses and electric work trucks in North America, announced the appointment of Brent Phillips as President. Phillips is set to enhance strategic and operational efforts, which include streamlining production and increasing sales. His initial focus will involve key projects like the onshoring of production for the Lightning bus in Ferndale, WA, expanding the Canadian dealer network for the VMC 1200 electric trucks, and launching the VMC 1200 in the U.S. market.

Phillips brings over 30 years of commercial transportation experience to his new role, where he will lead the sales, assembly, procurement, and engineering teams. His expertise is expected to drive significant growth and optimize product availability and sales through the strategic initiatives set for the remainder of 2024 and beyond. Vicinity’s published backlog exceeds $125 million, indicating strong market potential under Phillips' leadership.

Commenting on his new role, Phillips expressed his commitment to continue the legacy of the company while driving profitability in Vicinity’s bus and EV business units. He emphasized the importance of a sound strategic plan to exploit market opportunities effectively.

R. P.

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