Hyliion Announces Robert M. Knight Jr. to Join Board of Directors

Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles that has entered into a business combination agreement to merge with Tortoise Acquisition Corp. (TortoiseCorp) (NYSE: SHLL), today announced that Robert M. Knight Jr. will join the board of directors of the combined company upon the closing of the merger. Knight’s appointment is subject to TortoiseCorp shareholder approval.

Knight served as the chief financial officer of Union Pacific Corporation (NYSE: UNP), a transportation company that primarily operates one of the largest railroads in North America, from 2004 until his retirement in 2019. During that period, he was ranked as the Best CFO in the buy-side category of combined airfreight and surface transportation by Institutional Investor for the sixth consecutive year in its 2019 All-American Executive Team list.

“Rob Knight is well known and highly regarded as a top CFO in the transportation sector and we feel privileged that he has agreed to join our board,” said Thomas Healy, CEO and founder of Hyliion. “He brings decades of public company experience, and his knowledge of strategy development and finance in the transportation industry will be of immense benefit to Hyliion.”

Knight will serve as the chair of the audit committee. His appointment will bring the combined entity’s board to a total of seven members.

“Having spent my career in transportation, I share Hyliion’s vision for developing renewable natural gas-powered solutions and believe in the commercial potential of electrified powertrains,” Knight said. “I am delighted to be part of the company’s future.”

Upon the closing of Hyliion’s business combination with TortoiseCorp, Knight will join the other proposed members: Thomas Healy, CEO of Hyliion; Vince Cubbage, managing director at Tortoise Capital Advisors and CEO and chairman of TortoiseCorp; Stephen Pang, managing director and portfolio manager at Tortoise Capital Advisors and director of TortoiseCorp; Ed Olkkola, managing director at Teakwood Capital; Howard Jenkins, former chairman and CEO of Publix Super Markets; and Andrew H. Card Jr., former White House chief of staff and U.S. secretary of transportation.