Hyliion Holdings (HYLN) Appoints Jon Panzer as CFO

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, has announced that Jon Panzer has joined the company as Chief Financial Officer. Panzer brings extensive expertise in leading financial activities for Union Pacific Railroad Company, one of the nation’s largest railroads, with a broad understanding of transportation, logistics and technology. He will oversee all aspects of Hyliion’s financial operations, including financial planning and analysis, accounting, treasury, tax and investor relations.

“With his long-tenured career at Union Pacific, Jon brings with him to Hyliion a wealth of financial leadership experience that is only matched by his significant background in strategic technology and transportation operations,” said Hyliion founder and CEO Thomas Healy. “I’m thrilled to have Jon join the leadership team and I look forward to his contributions and adept guidance as the company continues down its product development path toward commercialization,” added Healy.

Prior to joining Hyliion, Panzer spent 26 years at Union Pacific Railroad Company, where he was most recently Senior Vice President of Intermodal Operations. He also served as Senior Vice President of Technology and Strategic Planning, Vice President and Treasurer, and Vice President, Financial Planning and Analysis. Panzer’s financial experience includes treasury operations, investor relations, banking, capital budgeting, financial reporting and cost accounting. As head of the railroad’s information technology organization, Panzer was responsible for managing application development, technology infrastructure and cyber security.

Earlier, Panzer held executive positions in Marketing and Sales within the Union Pacific’s Intermodal and Chemicals business segments and served in the United States Navy as a nuclear engineer.

Panzer holds a Bachelor of Science degree in Electrical Engineering from the University of Nebraska-Lincoln, and an MBA from Carnegie Mellon University.

Panzer said, “I am excited to join Hyliion at such a pivotal time, as it’s experiencing incredible growth and strides in technology. There is so much opportunity as we look ahead to transforming the transportation industry, and I am proud to be a part of an organization whose ambitious mission is reinforced by true innovation.”

As of September 8, Hyliion’s former CFO Sherri Baker is no longer with the company.

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