Hyzon Motors Appoints Adam Kroll as Chief Administrative Officer

– Mr. Kroll brings extensive experience in corporate finance and capital markets to this newly established role
– Over the course of his career, Mr. Kroll has executed M&A, debt and equity transactions worth more than $150 billion

April 15, 2021 – Rochester, New York: Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, today announced the appointment of Adam Kroll as Chief Administrative Officer with immediate effect.

As announced on February 9, 2021, Hyzon has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB), a publicly-traded special purpose acquisition company (SPAC) that would result in Hyzon becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, and is expected to occur in the second quarter of 2021.

Mr. Kroll brings more than 20 years of corporate finance experience to Hyzon. Most recently he served as interim Chief Financial Officer for UPG Enterprises, a hyper growth family office founded in 2014 to acquire steel services businesses. Prior to his tenure at UPG, Mr. Kroll spent five years at PSAV, a $3 billion Blackstone backed global event technology services provider, where he served in roles of increasing responsibility, including Treasurer, Head of Corporate Development and Senior Vice President – Finance.

In the 10 years prior to his time at PSAV, Mr. Kroll was an investment banker, serving most of that time at JP Morgan. He covered the automotive sector as an advisor on many noteworthy transactions, including IPOs, secondary capital raises, acquisitions, divestitures and recapitalizations.
Mr. Kroll earned his MBA, with honors, from the University of Chicago Graduate School of Business, and his bachelor’s degree in accounting from the University of Wisconsin.

Craig Knight, CEO and Co-Founder of Hyzon Motors, said:

“We are thrilled to add someone of Adam’s caliber to our leadership team. Adam’s corporate finance and capital markets experience will be an asset to Hyzon Motors, and we look forward to leveraging his talents and skillsets as we continue to accelerate the energy transition and help our customers make the switch to hydrogen.”

Adam Kroll, newly appointed Chief Administrative Officer of Hyzon Motors, said:
“I am incredibly excited to be joining Hyzon’s leadership team at such a unique time in the company’s journey. Hyzon has an unmatched combination of advanced technology, talented executives and smart, committed employees. I look forward to working with everyone at Hyzon to deliver on our mission of decarbonizing the commercial vehicle sector in pursuit of zero emissions with zero compromises.”

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