David Mucciacciaro named S – GuruFocus.com

VANCOUVER, BC, May 24, 2022 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the appointment of Mr. David Mucciacciaro as Senior Vice President and Chief Commercial Officer (CCO), effective May 23rd2022. Mr. Mucciacciaro will succeed Mr. Robert Campbellwho is retiring after serving as Ballard’s Chief Compliance Officer since 2017. Mr. Campbell will continue to support the Chief Compliance Officer transition process throughout July 2022.

Randy McEwenPresident and CEO of Ballard, said, “I am delighted to welcome David to the Ballard team. David brings over 25 years of global business leadership experience in the automotive industry. His complementary experience and skills will be invaluable to Ballard as it transitions into a commercial-scale deployment in the years to come.”

“I am delighted to join Ballard, especially at a time when we are seeing increased global momentum in the hydrogen fuel cell industry. I share the company’s passion for zero-emission mobility and the impact on decarbonizing our planet,” said Mr. Mucciacciaro. “I look forward to working with the Ballard team to accelerate its growth trajectory and increase shareholder value.”

Mr. Mucciacciaro has extensive executive level experience with a track record of success in global sales leadership roles with Tier 1 automotive suppliers including Magna, ZF Friedrichshafen, Faurecia, Lear Corporation and TRW Automotive. He was most recently Vice President, Global Sales, Mergers & Acquisitions and Marketing of Magna Electronics and a member of the Board of Directors of Magna Rohinni Automotive. Mr. Mucciacciaro began his career as a mechanical engineer and moved into sales where he held various management positions. Mr. Mucciacciaro holds a Bachelor of Science in Mechanical Engineering from Virginia Polytechnic Institute and State University.

Mr. MacEwen added, “It has been a privilege and a pleasure to work with Rob at Ballard over the past five years, and on behalf of the entire company, I would like to thank him for his contribution to the organization. Rob brought sophistication and business acumen to the position and brought significant value to the business during a dynamic period. We wish him a happy retirement.

Mr. Campbell said: “I retire with confidence in the future of the business and David’s ability to support Ballard’s transition to commercial scale. I am lucky to have worked alongside such a passionate and professional team. I have the utmost confidence in Ballard’s leadership and look forward to setting David up for success in the months ahead.”

About Ballard Power Systems

The vision of Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells enable the electrification of mobility, including buses, commercial trucks, trains, ships and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements regarding expected product performance and other specifications, product shipments and deployments. These forward-looking statements reflect Ballard’s current expectations as contemplated by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All of these forward-looking statements are based on Ballard’s assumptions regarding its financial forecasts and expectations regarding its product development efforts, manufacturing capacity and market demand.

These statements involve risks and uncertainties that may cause Ballard’s actual results to be materially different, including general economic and regulatory changes, adverse dependence on third parties, the successful execution of our business plans and the achieving and maintaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please see Ballard’s most recent Annual Information Form. Readers should not place undue reliance on Ballard’s forward-looking statements, and Ballard undertakes no obligation to update or release any revisions to these forward-looking statements, except as required by applicable law.

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SOURCE Ballard Power Systems Inc.

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