Hyzon Motors Inc. appointed Parker Meeks as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On August 17, 2022, the Company announced changes to its executive management team.


Effective immediately, the Board has appointed Parker Meeks as the President and Interim Chief Executive Officer of the Company, replacing Mr. Craig Knight, who is departing from both his role as Chief Executive Officer and as director of the Company. Mr. Meeks will assume full responsibility for day-to-day management of all business lines and functions and will report to the Board. The Board expects to initiate both an external and internal search for a permanent Chief Executive Officer shortly.


Mr. Meeks, age 41, has served as Chief Strategy Officer of the Company since June 2021. From November 2018 to January 2021, Mr. Meeks served as President, Infrastructure Sector for TRC Companies, a design and construction management business in transportation, renewable energy and water resources end markets. Prior to that, from February 2012 to October 2018, Mr. Meeks served as Partner of McKinsey & Company, a global management consulting services company that Mr. Meeks joined in July 2005. Mr. Meeks served as the Managing Partner of McKinsey & Company's Houston office from June 2013 to June 2016. Mr. Meeks holds an M.B.A. in Finance from William Marsh Rice University and a B.S. in Electrical Engineering from Columbia University.


Mr. Meeks does not have a direct or indirect material interest in any transaction with the Company that requires disclosure pursuant to Item 404(a) of Regulation S-K, and there is no arrangement or understanding between Mr. Meeks and any other person pursuant to which Mr. Meeks was selected to serve as Hyzon's Interim Chief Executive Officer. Mr. Meeks is not related to any member of the Board or any executive officer of the Company.


Additionally, effective immediately, George Gu is transitioning from his role as the Executive Chairman of the Company to the role of non-Executive Chairman of the Board. All of Mr. Gu's operational and management decision making authority will become the responsibility of the Interim Chief Executive Officer, Mr. Meeks. In his role as non-executive Chairman, Mr. Gu will remain available to provide strategic counsel to Mr. Meeks, specifically in connection with R&D initiatives.


Any changes to Mr. Meeks' compensation as a result of his appointment will be determined by the Board at a later date.