The Lion Electric Company creates new IR role ahead of Spac deal completion
The Lion Electric Company has appointed Isabelle Adjahi to the newly created role of vice president of investor relations and sustainable development, effective January 11, 2021, ahead of the closing of the transaction that will take the company public through a special purpose acquisition company (Spac).
Lion entered into an agreement to merge with Northern Genesis Acquisition Corp – a publicly traded Spac listed on the NYSE – on November 30, 2020. Lion is expected to be listed on the NYSE upon conclusion of the transaction.
A recent report from Business Insider described 2020 as ‘the year of the Spac’, with 219 companies raising $73 bn in proceeds up to December 20, 2020, according to Goldman Sachs.
In her new role, Adjahi will develop and implement the company’s investor relations strategy and lead its ESG strategy and activities. She will report into Nicolas Brunet, Lion’s executive vice president and chief financial officer.
Adjahi most recently served as the senior vice president of investor relations and communications at WSP Global, where she was also the global sustainability sponsor. Before that, she worked as the senior director of investor relations and corporate communications at Axcan Pharma. In 2016 she won the best investor relations officer (large cap) award at the IR Magazine Awards – Canada.
‘We are delighted to welcome Isabelle to the Lion management team,’ says Brunet in a company statement. ‘In addition to her extensive investor relations experience, Isabelle has an established reputation among the investment community. I am confident that her strategic acumen and proven track record will make her highly effective in this role. We look forward to her contributions as we are about to embark on our journey as a public company.
‘In parallel, building a more sustainable future is at the very core of Lion’s activities. Isabelle’s contribution will provide greater insight to our many stakeholders who consider environmental, social and governance as essential elements of long-term, sustainable growth.’