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LMC stockholders elect two new independent directors

Daniel Ninivaggi tapped as CEO / board chairman

LORDSTOWN — Lordstown Motors Corp. stockholders at their annual meeting Thursday elected Joseph B. Anderson Jr., Laura J. Soave and Angela Strand as independent directors.

Anderson and Soave are new directors, each with extensive experience in the global automotive industry. Strand previously served a short period as CEO.

The board of directors also combined the roles of board chairman and CEO with CEO Daniel A. Ninivaggi placed in the role.

David T. Hamamoto, independent director, will serve as lead independent director.

Anderson is chairman and CEO of TAG Holdings, LLC, a company owning several manufacturing, service and technology-based companies that he founded in 2001. Prior to that, Anderson was chairman and CEO of Chivas Industries, LLC, a manufacturer of interior trim products and lighting assemblies principally for the automotive industry, and as president and CEO of Composite Energy Management Systems Inc., an automotive parts manufacturing company.

Soave has more than 20 years of marketing and brand experience, primarily in the automotive industry. She is chief brand officer of CrossCountry Mortgage, a retail mortgage lender. From April 2018 to January 2021, Soave served as executive vice president, marketing and merchandising of Icahn Automotive Group, LLC, an aftermarket parts distribution and service company.

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