Carbon Revolution Announces Board Changes - Bob Lutz Appointed Chair of the Board - Seite 2

Mr. Lutz has served as a director since November 2023 and brings to the Board significant board and executive experience in the automotive industry. In additional to his role as Vice Chairman of General Motors, Mr. Lutz held various positions at General Motors from September 2001 through May 2010, including Chairman of General Motors North America, Vice Chairman of Product Development and Vice Chairman of Marketing and Communications. Mr. Lutz also served as Chairman and Chief Executive Officer of Exide Technologies from 1998 until 2002 and served on its board of directors until May 2004. Prior to his service at Exide Technologies, Mr. Lutz served in a variety of positions at Chrysler between 1986 and 1998, including as President and Chief Operating Officer, and at Ford Motor Company between 1974 and 1986. Mr. Lutz earned a Bachelor’s degree in Production Management and a Master’s degree in Marketing, both from the University of California-Berkeley. Mr. Lutz served as a jet-attack aviator in the United States Marine Corps from 1954 to 1965 and attained the rank of captain.

To complete the Board transition, and as contemplated in the Structured Equity Facility with Orion Infrastructure Capital (“OIC”), Chris Leary and Jonathan Magaziner of OIC will shortly be appointed to the Board.

Following this transition the members of the Board will be Bob Lutz (incoming Chair), Jake Dingle (CEO and Managing Director), Jacqueline A. Dedo, Burt Jordan, Chris Leary, Jonathan Magaziner, Matti Masanovich and Dale McKee (Chair of Audit and Risk Committee).

About Carbon Revolution plc

Carbon Revolution plc (Nasdaq: CREV) is the parent of Carbon Revolution Limited, an Australian technology company, which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world’s most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world.