REE Automotive Ltd., a prominent automotive technology enterprise specializing in full by-wire electric trucks and platforms, has officially disclosed the appointment of Carlton Rose as the Chairman of its Board of Directors. This designation will become effective upon his re-election during REE’s 2023 Annual Meeting of Shareholders, scheduled for October 16, 2023.
Why It Matters
Carlton Rose’s elevation to this pivotal position is noteworthy, considering his profound industry insights from his tenure at UPS. He notably served as the Global President of Fleet Maintenance and Engineering there. His engagement with REE commenced in June, following his esteemed career at UPS. Rose’s deep comprehension of fleet operations and electric mobility can potentially enrich REE’s strategic positioning in the automotive tech sector.
Key Points
- Carlton Rose transitioned to REE’s Board post his notable stint at UPS as Global President of Fleet Maintenance and Engineering.
- Daniel Barel, CEO and co-founder of REE Automotive, emphasized Rose’s vast industry experience and the unparalleled value he’s brought to REE since June.
- Carlton Rose extolled REE’s technological prowess, labeling it as transformative for the commercial fleet market, especially amidst the burgeoning electric mobility trend.
- Highlighting upcoming milestones, Rose accentuated the significance of understanding REE’s customer and partner ecosystem to solidify fleet relationships and expand their dealer network.
- Arik Steinberg will gracefully conclude his role and won’t seek re-election at the AGM. Post these alterations, REE’s Board will feature eight directors, including three women and four independent members.
Bottom Line
Carlton Rose’s ascendancy to Chairman of REE Automotive’s Board is poised to usher in a new era for the company. With the U.S. commercial fleet market on the brink of an electric revolution, REE, under Rose’s leadership, aims to capitalize on the emerging opportunities. As the company marches towards these crucial milestones, it appreciates Arik Steinberg’s unwavering support and leadership during his term.
