Posted 10 August, 2023
Bird Global, Inc. appointed Michael Washinushi as new CEO
NYSE:BRDS appointed new Chief Executive Officer Michael Washinushi in a 8-K filed on 10 August, 2023.
On August 9, 2023, the Board appointed Michael Washinushi as the Company's Interim Chief Executive Officer, effective immediately.
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Overview of Bird Global, Inc.
Technology • Emerging Technologies
Bird Global, Inc. engages in the manufacture and sale of electronic vehicles. It provides fleets of shared micro electric vehicles to riders across cities globally and makes its products available for purchase online and via retailers and distribution partners. It operates through the following geographical segments: North America, Europe, Middle East and Africa, and Other. The firm partners closely with the cities in which it operates to provide a reliable and affordable transportation option for people who live and work there. The company was founded by Travis VanderZanden in 2017 and is headquartered in Miami, FL.Market Cap
$1.03M
View Company Details
$1.03M
Relevant filing section
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On August 9, 2023, the Board of Directors (the "Board") of the Company terminated Shane Torchiana as Chief Executive Officer of the Company, effective immediately, and after giving effect to such termination, Mr. Torchiana was no longer employed by Bird Rides, Inc., the Company, or any of its affiliates. Subject to Mr. Torchiana's timely execution of a separation and release agreement (and non-revocation in the time provided to do so), which includes a release of claims against the Company and its affiliates, Mr. Torchiana will be entitled to receive the payments and benefits associated with a termination without Cause, as such term is defined in Mr. Torchiana's Employment Letter dated November 9, 2022, from Bird Rides, Inc., which was originally filed as Exhibit 10.1 attached to the Company's Current Report on Form 8-K/A filed with the Securities and Exchange Commission ("SEC") on November 16, 2022. On August 9, 2023, the Board appointed Michael Washinushi as the Company's Interim Chief Executive Officer, effective immediately. Mr. Washinushi will serve as Interim Chief Executive Officer until the Board has identified and appointed a successor. The Board will initiate a search to identify the Company's Chief Executive Officer, for which it intends to evaluate both internal and external candidates. Mr. Washinushi, age 54, has served as Chief Financial Officer of the Company since January 2023 and will continue to serve as Chief Financial Officer while he is the Interim Chief Executive Officer. At this time, the Company has not entered into, amended, or modified any plan, contract, agreement, grant or award in connection with Mr. Washinushi's appointment to serve as the interim Chief Executive Officer. Information regarding Mr. Washinushi's professional background was previously disclosed in the Company's Amendment No.1 on Form 10-K/A filed with the SEC on May 1, 2023. Mr. Washinushi has no family relationship with any directors or executive officers of the Company, nor are there any arrangements or understandings between Mr. Washinushi and any other persons pursuant to which he was selected as an officer of the Company. There are no related party transactions between Mr. Washinushi and the Company reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.
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