– USA, CA – Quanergy Systems, Inc., a leading provider of OPA-based solid-state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the appointment of Karen Francis to its Board as an independent director.
“Karen and Jerry are valuable additions to the Quanergy leadership team,” said Chairman and CEO, Kevin Kennedy. “Their extensive corporate governance experience and domain knowledge will be key to help guide Quanergy to its next chapter as a public company.”
Karen’s appointment as a fourth independent Board member enables alignment with NYSE board composition future requirements.
About Karen C. Francis
Karen is an experienced CEO, director, and strategic advisor with a deep knowledge of corporate governance and a strong track record of successfully building companies and businesses across multiple industries. She is a visionary leader with strong strategic, marketing, technology, and management skills, with extensive experience in the transportation sector.
Karen currently serves as Chair of the Board of Directors of Vontier which provides mobility infrastructure solutions globally and was a $3 billion spin-off from Fortive Corporation. In addition, Karen currently serves as a board director for private and public companies including TuSimple, Nauto, and Wind River, and she serves as a Senior Advisor to TPG Capital. Karen previously served as a board director for AutoNation, Hanover Insurance Group, and Telenav. Karen has held multiple board chair and committee leadership roles, including lead independent director, is a Certified Board Governance Fellow, and was named “Top 50 Corporate Director in 2019” by the National Association of Corporate Directors.
Karen’s executive career includes roles as Chairman and CEO of AcademixDirect from 2009 to 2014 and Chairman and CEO of Publicis & Hal Riney from 2004 to 2007. Before that, Karen served as General Manager of the $8 billion Oldsmobile Division of General Motors and as a VP of Ford Motor Company. Her earlier career experience includes roles at Procter & Gamble and Bain & Company.
Karen holds an MBA from the Harvard Business School and holds a BA in Economics from Dartmouth College, where she served for nine years on the Board of Trustees.
About Quanergy Systems, Inc.
Quanergy Systems’ mission is to create powerful, affordable smart LiDAR solutions for automotive and IoT applications to enhance people’s experiences and safety. Quanergy has developed the only true 100% solid-state CMOS LiDAR sensor built on optical phased array technology to enable the mass production of low-cost, highly reliable 3D LiDAR solutions. Through Quanergy’s smart LiDAR solutions, businesses can now leverage real-time, advanced 3D insights to transform their operations in a variety of industries including industrial automation, physical security, smart cities, smart spaces, and much more. Quanergy solutions are deployed by over 350 customers across the globe.
In June, Quanergy entered into a definitive merger agreement with CITIC Capital Acquisition Corp. (NYSE: CCAC). Upon closing of the transaction, the combined company will be named Quanergy Systems, Inc. and is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol “QNGY.” The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.
For more information: https://quanergy.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
