Holley Announces Appointment of Jesse Weaver as Chief Financial Officer
12 Décembre 2022 - 10:01PM
Business Wire
Holley Inc. (NYSE: HLLY), the leading platform serving
performance automotive enthusiasts, today announced the appointment
of Jesse Weaver as the Company’s Chief Financial Officer. Mr.
Weaver will succeed Stephen Trussell, who has served as the
Company’s Interim Chief Financial Officer since September 30, 2022.
Mr. Trussell will continue as the Company’s Vice President of
Finance, a role he has held since 2009.
Mr. Weaver, who has nearly 20 years of experience in finance,
strategy, and data analytics, will serve as a member of the
executive leadership team and report directly to President and
Chief Executive Officer, Tom Tomlinson. Most recently, Mr. Weaver
served as Senior Vice President of Finance at SmileDirectClub
(NASDAQ: SDC), a teledentistry company and direct-to-consumer
provider of dental and orthodontics products. Prior to that role,
he was Vice President of Financial Planning and Analysis at Dollar
General (NYSE: DG). Before joining Dollar General, Mr. Weaver held
multiple leadership positions in finance at Yum! Brands (NYSE: YUM)
U.S. Pizza Hut division.
“We are very pleased to welcome Jesse as our CFO,” said Tom
Tomlinson, Holley’s President and Chief Executive Officer. “He
brings extensive global finance and accounting experiences across
multiple industries and he has a proven track record of driving
results.”
“I am excited to join Holley at this exciting time in the
Company’s growth and development,” said Mr. Weaver. “I have gotten
to know the entire management team and Board, and I am impressed
with the team’s dedication to consumer engagement, new product
innovation, and the commitment to become the most compelling
platform in the performance automotive aftermarket space. I see a
tremendous amount of opportunity for future value creation at
Holley and I look forward to unlocking this potential for our
shareholders.”
Jesse Weaver holds a Bachelor of Science in Finance from Belmont
University and a Master of Business Administration from The
University of Chicago Booth School of Business.
About Holley Holley is a
leading designer, marketer, and manufacturer of high-performance
products for car and truck enthusiasts. Holley offers the largest
portfolio of iconic brands that deliver innovation and inspiration
to a large and diverse community of millions of avid automotive
enthusiasts who are passionate about the performance and
personalization of their classic and modern cars. Holley has
disrupted the performance category by putting the enthusiast
consumer first, developing innovative new products, and building a
robust M&A process that has added meaningful scale and
diversity to its platform. For more information on Holley, visit
https://www.holley.com.
Forward-Looking Statements
Certain statements in this press release may be considered
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Holley’s future financial or operating
performance. For example, projections of future revenue and
adjusted EBITDA and other metrics are forward-looking statements.
In some cases, you can identify forward-looking statements by
terminology such as “may,” “should,” “expect,” “intend,” “will,”
“estimate,” “anticipate,” “believe,” “predict,” “or” or the
negatives of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties, and other factors which could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements. These forward-looking statements are
based upon estimates and assumptions that, while considered
reasonable by Holley and its management, are inherently uncertain.
Factors that may cause actual results to differ materially from
current expectations include, but are not limited to: 1) the
ability to recognize the anticipated benefits of the business
combination with Empower LTD, which may be affected by, among other
things, competition, the ability of the combined company to grow
and manage growth profitably, maintain relationships with customers
and suppliers and retain its management and key employees; 2) costs
related to the business combination and Holley becoming a public
company; 3) disruptions to Holley's operations, including as a
result of cybersecurity incidents; 4) changes in applicable laws or
regulations; 5) the outcome of any legal proceedings that may be
instituted against Holley; 6) general economic and political
conditions, including political tensions and war (such as the
ongoing conflict in Ukraine); 7) the possibility that Holley may be
adversely affected by other economic, business and/or competitive
factors; 8) Holley’s estimates of its financial performance; 9) the
impact of the novel coronavirus disease pandemic and its effect on
business and financial conditions; 10) our ability to anticipate
and manage through disruptions and higher costs in manufacturing,
supply chain, logistical operations, and shortages of certain
company products in distribution channels; and 11) other risks and
uncertainties set forth in the section entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in the
Annual Report on Form 10-K for the year ended December 31, 2021
filed with the U.S. Securities and Exchange Commission (“SEC”) on
March 15, 2022, and that are otherwise described or updated from
time to time in Holley’s filings with the SEC. Although Holley
believes the expectations reflected in the forward-looking
statements are reasonable, nothing in this press release should be
regarded as a representation by any person that the forward-looking
statements or projections set forth herein will be achieved or that
any of the contemplated results of such forward looking statements
or projections will be achieved. There may be additional risks that
Holley presently does not know or that Holley currently believes
are immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. You should not
place undue reliance on forward-looking statements, which speak
only as of the date they are made. Holley undertakes any duty to
update these forward-looking statements, except as otherwise
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221212005591/en/
Investor Relations: Ross Collins or Stephen Poe Alpha IR
Group 312-445-2870 HLLY@alpha-ir.com
Holley (NYSE:HLLY)
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