Arrival discloses the full slate of nominees for election to Global Board of Directors

– UK, London –  Arrival, the global company creating electric vehicles using its game-changing technologies, today announced that, in addition to the previously announced five members of its Board of Directors, it expects to appoint two additional members upon the consummation of the pending business combination between Arrival Group, Arrival S.à r.l, and CIIG Merger Corp. (NASDAQ: CIIC), a U.S. publicly-traded special purpose acquisition company.

Arrival Group, the combined company, will become a publicly listed company and its ordinary shares and warrants will be listed on NASDAQ under the new ticker symbols “ARVL” and “ARVLW” respectively, upon completion of the business combination.

“As Arrival nears becoming a public company, it is important for us to bring together a globally experienced and diverse Board of Directors who can help Arrival to achieve its goal of reinventing the automotive industry,” said Peter Cuneo, the current CEO and Chairman of the Board of Directors of CIIG and the nominee for Non-Executive Chairman of Arrival’s global Board of Directors. “Drawing on expertise from the forefront of the technology, media, financial and automotive industries, Arrival’s global Board of Directors will play a pivotal role in supporting the business through its journey as it accelerates the mass adoption of electric vehicles worldwide.”

“I am pleased that we have assembled the right Board that reflects Arrival’s culture and will support us in our transition to becoming a public company and the responsibility that brings,” said Denis Sverdlov, Founder and CEO of Arrival. “We are looking forward to working together as they bring their collective experience in scaling companies, managing rapid growth and building global brands to the business.”

Arrival has now announced all of its nominees for the global Board of Directors, including the final two members – Tawni Nazario-Cranz and Rex Tibbens. With these additions, the board is expected to consist of seven members who bring a wealth of experience from some of the world’s most innovative technology-enabled businesses. Together, they will play an important role in supporting Arrival through this initial phase of execution, as the company expands its global reach over the coming years.

Arrival’s initial global Board of Directors is expected to include:

Peter Cuneo, CEO, and Chairman of the Board of Directors, CIIG

F. Peter Cuneo has been CEO and Chairman of the Board of Directors at CIIG Merger Corp. (NASDAQ: CIIC) since its inception in 2019. A recognized leader in corporate value creation, Mr. Cuneo has reshaped the operations of seven companies in the global media and consumer products sectors in the past 40 years. Mr. Cuneo is the Managing Partner of Cuneo & Co, an early-stage private venture capital firm. Mr. Cuneo is active on numerous private, public and nonprofit boards. As President and CEO of Marvel Entertainment Inc. (NYSE: MVL), he led Marvel post-bankruptcy, to a prominent position in the entertainment industry, before serving as Vice Chairman of the Board and providing one of the world’s leading entertainment brands with active strategic leadership. This culminated in the company’s more than $4 billion sales to Disney at the end of 2009 when shares were trading at $54 per share, representing share price appreciation of approximately 57 times from the stock low. Mr. Cuneo previously served as President and CEO of Remington Products Company, President of the Security Hardware Group of the Black & Decker Corporation, President of Bristol-Myers Squibb Co.’s Pharmaceutical Group in Canada, and President of the Clairol Personal Care Division. At Arrival, he will serve as Non-Executive Chairman of the Board as well as a member of the Board’s Audit Committee.

Tawni Nazario-Cranz, Venture Operating Partner, SignalFire

Tawni Nazario-Cranz currently works as a Venture Operating Partner at the San Francisco-based venture firm SignalFire, as well as a strategic advisor to various VC firms throughout Silicon Valley. With more than 25 years of experience in scaling some of the world’s most innovative companies, Ms. Nazario-Cranz has led operational and cultural change at the likes of Netflix (NASDAQ: NFLX), Waymo, Cruise, and many more. During her time at Netflix (2007-2017), as Chief Talent Officer, she grew the company’s global business operations and enabled rapid international growth (overseeing the international campaign #NetflixEverywhere). Ms. Nazario-Cranz also pioneered the company’s innovative and high-performing business culture, authoring Netflix’s Unlimited Maternity & Paternity Leave policy and co-authoring the company’s first culture deck. Beyond Netflix, Ms. Nazario-Cranz also scaled and built out the core HR functions at Waymo (2018-2019) and Cruise Automation (2017-2018) as Chief People Officer. At Arrival, she will serve on the Board of Directors as Chairperson of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee.

Rex Tibbens, President, CEO & Director, Frontdoor Inc.

Rex Tibbens is an experienced executive with a proven history of building strong cultures, and repeated success in growing businesses and fostering work environments in which innovation and creativity are encouraged. Before being named President and CEO of Frontdoor, Inc. (NASDAQ: FTDR) in 2017, Mr. Tibbens served as COO of Lyft (NASDAQ: LYFT) from 2015-2018, where he worked to expand the on-demand transportation company’s service to every US state and launched a series of crucial strategic initiatives, including their Nashville support center and Express Drive. Mr. Tibbens also worked as a Vice President at Amazon (NASDAQ: AMZN) from 2011-2015, where he led the technical and product development of Prime Now, preceded by twelve years at Dell (NYSE: DELL) working in a variety of operations and logistics roles, and nine years at Toyota (LON: TYT) as Logistics Manager. At Arrival, he will serve as a member of both the Board’s Audit Committee and Compensation Committee.

Avinash Rugoobur, President, Arrival

As Arrival’s President, Avinash Rugoobur is responsible for the company’s business strategy and international expansion, encouraged by his passion for projects with positive social impact and delivering affordable zero-emission transportation to everyone. Before Arrival, Mr. Rugoobur was leading advanced technology activities at General Motors’ Silicon Valley Office and Strategy and M&A at Cruise Automation, after launching his own award-winning entrepreneurial ventures Curve Tomorrow and Bliss Chocolates. During his time at GM, Mr. Rugoobur was responsible for the ~$1Bn acquisition of Cruise Automation and played an integral role in Cruise’s subsequent valuation increase to $14B as Head of Strategy & Mergers & Acquisitions (2017-2019). This work was pivotal in accelerating the delivery of AVs, as well as supporting the creation of the OEM – Startup ecosystem that pervades the automotive industry today.

Jae Oh, VP & Head of Corporate Development, Hyundai Motor Group

Jae Oh currently oversees a broad spectrum of strategic investment activities for Hyundai Motor Group, ranging from Series A ventures to mergers and acquisitions. While at Hyundai, he has been responsible for leading early to late-stage investments in companies operating in sectors causing disruptions in the traditional automotive industry. Some of the transactions that he successfully led include equity financing rounds for Grab, Ola, Aurora, Rimac among others. Before joining Hyundai in 2017, Mr. Oh served across various international roles at leading investment banks, including Merrill Lynch (2014-2016), UBS (2013), Lehman Brothers / Nomura in Hong Kong (2008-2012). At Arrival, he will serve as a member of the Board’s Nominating and Corporate Governance Committee.

Kristen O’Hara, SVP & Chief Business Officer, Hearst Magazines

Kristen O’Hara is a strategic marketing executive with extensive experience driving the digital and data transformation of global businesses. She is currently serving as SVP and Chief Business Officer of Hearst Magazines. Before this, Ms. O’Hara brought her expertise in data, social and digital media to some of the world’s leading media and entertainment companies, as VP Business Solutions for Snap Inc. (NYSE: SNAP) throughout 2018 and Chief Marketing Officer, Global Media for Time Warner Inc. (now Warner Media, LLC, a division of AT&T Inc, NYSE: T) from 2011-2018. While at Time Warner, Ms. O’Hara led the enterprise-wide global data strategy as the business was shifting to a streaming model. Ms. O’Hara has experience building global blue-chip brands having held leadership positions at global marketing communications firm Young & Rubicam Inc. (now part of WPP PLC, NYSE: WPP) from 1993-2002. At Arrival, she will serve on the Board of Directors as Chairperson of the Nominating and Corporate Governance Committee as well as a member of the Compensation Committee.

Alain Kinsch, Former Managing Partner, Ernst & Young

Alain Kinsch served as a leading audit partner and management consultant across Ernst & Young S.A. from 2004 through to December 2020 and held several senior leadership roles. Mr. Kinsch served as Country Managing Partner leading EY Luxembourg in one of EY’s and the market’s fastest-growing and most successful country practices (2009-2020). Mr. Kinsch was also the EMEIA Private Equity Fund Leader (2009-2020) and the founder and leader of EY’s Private Equity practice in Luxembourg (2004-2012). Throughout his entire career, Mr. Kinsch supported a portfolio of clients including private equity funds, banks as well as industrial and commercial companies, as signing lead audit partner. Mr. Kinsch has been a member of the Luxembourg State Council since 2015 and was nominated as 2nd Most Influential Business Leader in Luxembourg by Paperjam Magazine in December 2018. Since May 2020, Mr. Kinsch has been serving as an independent director of Aperam S.A. (Euronext Amsterdam: APAM), a stainless and specialty steel producer, and serves on its Audit & Risk Management Committee and as Chairman of its Remuneration, Nomination & Corporate Governance Committee. At Arrival, he will serve on the Board of Directors as Chairperson of the Audit Committee.

About Arrival

Arrival is reinventing the automotive industry with its entirely new method to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials, and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, the UK, and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across Germany, Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first three Microfactories in North Carolina and South Carolina, USA and Bicester, the UK in 2021.

For more information: https://arrival.com/

About CIIG

CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo, and Michael Minnick to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. CIIG’s units, Class A common stock, and warrants trade on the NASDAQ under the ticker symbols “CIICU,” “CIIC,” and “CIICW” respectively.