I look forward to strengthening our partnership and confirming our first vehicle program over the next several months. 'I've just returned from two weeks in Taiwan meeting with Foxconn and exploring our joint product development opportunities. 'We now have a focused leadership team with vast experience in developing, launching and commercializing vehicles,' said Hightower. Jill will be a key member of our senior management team, with a particular focus on recruiting and developing the best EV engineering talent.' 'Finally, we are in an industry with emerging technologies and the need for constant innovation. Andrew will accelerate the development of our commercial fleet partnerships,' Ninivaggi continued. 'As the Endurance gets closer to production and we select partners for our first joint venture vehicle, our commercial strategy will also be critical. As Executive Chairman, I will continue to focus on strategic and financial matters, working closely with Edward and CFO Adam Kroll,' said Daniel Ninivaggi, LMC's Executive Chairman. With over 30 years of automotive experience and having made significant contributions to the Endurance launch preparation and Foxconn transactions, Edward is the perfect person to lead the company and launch our product development efforts with Foxconn. With the recent closing of the Foxconn transactions and the launch of our new Foxconn joint venture, Lordstown Motors has shifted to a more engineering and product development focused OEM. 'Since joining Lordstown Motors, recruiting an experienced and talented management team has been a key priority. Jane Ritson-Parsons will be transitioning out of the role of Chief Commercial Officer and become an advisor to the company.

Jill has more than 20 years of experience in automotive human resources roles and building out early-stage organizations. Jill Coniglio-Kirkwas appointed Vice President of People & Culture, effective June 20.Andrew Reyntjes, a 30-year veteran of the automotive and commercial fleet industry, was appointed Senior Vice President, Sales, Service and Marketing, effective June 29.Donna Bell, a former Ford Motor Company executive with almost 30 years of automotive product development and technology innovation leadership experience, has been appointed Executive Vice President, Product Creation, Engineering and Supply Chain, effective immediately. He has also been elected to the Board of Directors of Lordstown Motors. Edward will also continue to serve as CEO of MIH EV Design LLC, LMC's product development joint venture with Foxconn. Hightower, the company's President, has been elected to the additional role of Chief Executive Officer, effective immediately. In this role, Dan will focus on corporate strategy, strategic partnerships and capital raising.

Ninivaggi was elected to serve as Executive Chairman of the Board of Lordstown Motors.

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