Nikola Corporation, a pivotal figure in zero-emissions transportation and energy infrastructure, has announced the appointment of Joseph Cappello as the President of Nikola Energy, beginning September 25, 2023.
Why It Matters
This strategic move comes as Nikola prepares to commercially unveil its Class 8 hydrogen fuel cell electric vehicle. Joseph Cappello’s addition reinforces Nikola’s dedication to fostering its hydrogen highway projects. His extensive experience in establishing hydrogen stations is vital, especially as Nikola’s hydrogen fuel cell trucks are set to debut soon.
Key Points
- Joseph Cappello’s role will encompass the full breadth of Nikola’s energy operations, emphasizing infrastructure, supply strategy, trading, technological advances, development, and promoting the HYLA brand.
- Previously, Cappello showcased a successful five-year stint at Iwatani Corporation of America (ICA), where he escalated from Executive Advisor in 2018 to Chairman and CEO of ICA by 2019.
- Steve Girsky, Nikola’s President and CEO, extolled Cappello’s appointment, stating it underscores Nikola’s vision, potential, and commitment to energy management and infrastructure.
- Cappello expressed his enthusiasm and remarked on Nikola’s industry-leading position, aiming to drastically diminish diesel emissions from Class 8 trucks.
Bottom Line
Joseph Cappello’s extensive and varied experience, from being a Sell-side Chemical Analyst on Wall Street, holding significant positions at Praxair (now Linde), to leading business units in the private equity sector, and finally helming ICA, positions him ideally to steer Nikola’s energy initiatives. As the transportation sector undergoes transformative changes, with companies like Nikola aiming to slash diesel emissions and revolutionize the industry, Cappello’s leadership is primed to provide both direction and momentum.
