Announces appointment of Roger A. Lazarus to
Board – veteran financial services executive brings decades of
management, operational and financial experience across developed
and emerging markets
Board establishes Corporate Strategy Committee
to advise and oversee execution of key strategic pillars to improve
shareholder value
Heliogen, Inc. (NYSE: HLGN) (the “Company”), a leading provider
of AI-enabled concentrating solar energy technology, today
announced updates to its Board of Directors (the “Board”) to
accelerate the successful implementation of the Company’s strategic
plan, pursue growth initiatives and enhance value for
shareholders.
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Roger A. Lazarus has been appointed a member of the Board,
effective March 2, 2023. Mr. Lazarus, a Chartered Accountant
(ICAEW), brings valuable financial and operational expertise across
both developed and emerging markets. He will serve on the Board’s
Audit and Compensation Committees.
Additionally, the Board has established a new Corporate Strategy
Committee (the “Committee”) to work with Heliogen’s management team
to advise and oversee management’s process for implementing the
Company’s strategic priorities and growth initiatives, immediately
targeted at (1) sales of the Company’s steam product for use in
industrial processes and in green hydrogen production and (2)
installation of commercial-scale projects. The Committee is chaired
by director and industrial energy transition veteran Barbara
Burger, and includes Christie Obiaya, Heliogen’s Chief Executive
Officer, and directors Stacey Abrams and Paddy Padmanathan.
Further, director Julie M. Kane has been elected chair of the
Board.
“I am committed to working closely with our Corporate Strategy
Committee as we focus on executing our strategic plan and
propelling our growth initiatives forward,” said Christie Obiaya.
“The Committee’s engagement will be invaluable as we tackle the key
pillars of our business strategy. With our world-class team and
Board, we are poised to scale our groundbreaking concentrated solar
thermal technology to decarbonize industry and deliver value to our
shareholders.”
“The entire Board is pleased to welcome Roger as a director to
support our mission of changing the world by decarbonizing
industry,” said Julie Kane. “Roger brings a wealth of finance and
business expertise, along with a more than three-decade track
record as an experienced leader, operator and strategist in
emerging markets. I am confident we will benefit from his valuable
perspectives as we execute on our strategic plan and continue to
grow Heliogen into a global leader in industrial
decarbonization.”
“I am excited to join Heliogen’s Board at such a pivotal time
for the Company," said Roger Lazarus. “I am energized to work
alongside this top-notch group of individuals united by the same
mission to accelerate the global energy transition, and I look
forward to bringing my finance, operational and management
experience to bear as Heliogen continues to execute on its global
growth strategy.”
Roger A. Lazarus Biography
Mr. Lazarus is a recognized global business executive, with a
proven track record of Board and C-suite experience and business
unit leadership roles for a range of emerging and established
businesses, as well as multi-country transaction advisory
expertise. He is currently the Chief Financial Officer of Chain
Bridge I, a NASDAQ listed special purpose acquisition company, and
is also a venture partner to Marcy Venture Partners and its
portfolio companies. Mr. Lazarus joined Ernst & Young LLP in
Boston as a partner in 1997 advising on acquisitions and
investments for corporate and private equity clients. During his
23-year career with Ernst & Young, he served in a variety of
roles, including as the Chief Operating Officer (“COO”) and Board
member of Ernst & Young’s LatAm North region, where he managed
internal operations and oversaw financial and operating reporting
for 13 countries, as a managing partner and COO of Ernst &
Young Colombia, and as the managing partner of Ernst & Young´s
West Region Transactions service-line. Mr. Lazarus is a director
and the chair of the Audit Committee and Compensation Committee of
LatAm Logistic Properties S.R.L, a 3PL real estate developer in
Costa Rica, Colombia and Peru. He is chair of the Audit Committee
of the Goldman Environmental Foundation, the sponsor of the annual
Goldman Environmental Prize. Mr. Lazarus is a Chartered Accountant
(ICAEW), holds a BA with honors in Economics from the University of
York, England and completed the international certification of the
Institute of Directors (London, England) in 2020.
About Heliogen Heliogen is a renewable energy technology
company focused on decarbonizing industry and empowering a
sustainable civilization. The company’s concentrating solar energy
and thermal storage systems aim to deliver carbon-free heat, steam,
power, or green hydrogen at scale to support round-the-clock
industrial operations. Powered by AI, computer vision and robotics,
Heliogen is focused on providing robust clean energy solutions that
accelerate the transition to renewable energy, without compromising
reliability, availability, or cost. For more information about
Heliogen, please visit heliogen.com.
Forward-Looking Statements This press release contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Statements that
are not historical in nature, including the words “anticipate,”
“expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,”
“targets,” “projects,” “should,” “could,” “would,” “may,” “will,”
“forecast” and other similar expressions are intended to identify
forward-looking statements. These forward-looking statements
include, but are not limited to, statements regarding (i)
implementation of the Company’s strategic plan and growth
initiatives, (ii) plans to prioritize sales of the Company’s
industrial steam product and installation of commercial scale
projects; and (iii) expectations for scaling the Company’s
concentrated solar thermal technology. Forward-looking statements
are predictions, projections and other statements about future
events that are based on current expectations and assumptions and,
as a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (i) our financial and business performance, including
risk of uncertainty in our financial projections and business
metrics and any underlying assumptions thereunder; (ii) changes in
our business and strategy, future operations, financial position,
estimated revenues and losses, projected costs, prospects and
plans; (iii) our ability to execute our business model, including
market acceptance of our planned products and services and
achieving sufficient production volumes at acceptable quality
levels and prices; (iv) our ability to maintain listing on the New
York Stock Exchange; (v) our ability to access sources of capital
to finance operations, growth and future capital requirements; (vi)
our ability to maintain and enhance our products and brand, and to
attract and retain customers; (vii) our ability to scale in a cost
effective manner; (viii) changes in applicable laws or regulations;
(ix) developments and projections relating to our competitors and
industry; and (x) our ability to protect our intellectual property.
You should carefully consider the foregoing factors and the other
risks and uncertainties disclosed in the “Risk Factors” section in
Part I, Item 1A in our Annual Report on Form 10-K/A for the annual
period ended December 31, 2021 and other documents filed by
Heliogen from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Heliogen assumes
no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230306005764/en/
Heliogen Media: Cory Ziskind ICR, Inc.
HeliogenPR@icrinc.com
Heliogen Investor: Louis Baltimore
Louis.Baltimore@heliogen.com
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