Exro Technologies Inc. announced that Mark Godsy, long-time Chairman of its Board of Directors, has decided to step down, effective March 31, 2023. This transition aligns with Exro's evolution into series production in Third Quarter of this year and ongoing leadership enhancement as the Company prepares for a Nasdaq listing. In conjunction with Mr. Godsy's decision, the Board has elected Director Rod Copes to the position of Interim Chairman.

Copes' career of operational and commercial excellence will provide Exro with the guidance needed for its upcoming stages of growth. Copes joined the Board of Exro in May 2022 following his retirement as Chief Operating Officer at Rivian. Since joining Exro, Copes has been working closely with management as the Company prepares to launch series production of its Coil Driver™ technology for automotive, and Cell Driver™ technology for commercial & industrial energy storage, in Third Quarter 2023.

At Rivian, Copes was the company's first COO and was integral in operationalizing the company, helping lead the transition from a technology-focused company to a fully capable manufacturing and commercial company. Copes contributed to the successful launch of the three electric vehicles and initial production ramp. A key member of the c-suite, in 2021 Copes also supported Rivian's efforts to complete one of the largest Nasdaq IPOs in history.

Prior to Rivian, Copes held several executive roles over his 19-year career at Harley Davidson Motorcycle Company, including leading multiple manufacturing plants and responsibility for global sales and customer service.