Canoo has a new Executive Vice President of Operations, Tony Elias. Mr. Elias comes to Canoo from their manufacturing partner Valiant TMS. He was with Valiant for over 12 years, first joining them with the same role he now has with Canoo as VP of Operations in 2010. In 2017 he was named as CEO and held that position until his departure for Canoo. During his time as CEO, Valiant TMS saw stable growth and became an industry leader with 1,500 team members in 20 facilities in 11 countries.
We are comforted that he would leave such a highly esteemed position and company to come to Canoo during a time that the capital markets are calling into the question the future prospects of the company. Seeing as he was CEO of their manufacturing partner he would have a unique view of their operations and the ability to assess the risks and challenges Canoo faces in automotive manufacturing.
We look forward to seeing the experience and knowledge Mr. Elias brings to the table help Canoo execute their vision.
Authors disclosures: I am long Canoo - I own common shares, warrants and call options.