VANCOUVER, BC, April 25, 2023 – Portable Electric Ltd., a Vancouver-based cleantech company and global leader in electric energy solutions, announced today the appointment of two new members to its Board of Directors in Scott Jarus and Joanne Yan. Both leaders bring significant execution and strategic value to the board of Portable Electric.
Mr. Jarus has a proven track record of building and scaling multiple businesses in various capacities in both private and public companies. Mr. Jarus has overseen rapid growth and financial execution resulting in significant increases in shareholder value. Jarus became a seed investor and Executive Chairman of the Board of EV Connect in 2014, resulting in a successful sale to Schneider Electric in 2022. He orchestrated the successful turn-around of Ironclad Performance Wear and served as the CEO of Cognition Technologies and j2 Global Communications (NASDAQ: JCOM), helping the latter achieve 15 consecutive quarters of revenue growth, 13 consecutive quarters of positive earnings, and a market cap which grew from $27 million to $1+ billion. Jarus is currently serving on the boards of several companies, including Food Forward, Wolf Connection, and AYSO Area 1D. Mr. Jarus has raised a combined USD$150M+ in private equity growth capital across multiple early-stage companies.
Mr. Jarus noted, “I am thrilled to have the opportunity to work with the innovative team at Portable Electric. Following my recent exit as Executive Chairman at EV Connect, which was sold to Schneider Electric, I am excited to be engaged with another industry leader in the rapidly evolving green energy distribution market. Portable Electric has built a solid foundation of industry-leading, forward-thinking customers, and is delivering a proven product in the market and with over 800 units deployed Portable Electric’s products are becoming the choice for remote power distribution. As industrial heavyweights such as John Deere, Volvo, Kamatsu, JLG, Netflix, NBCUniversal and others are executing on their electrification strategies, I look forward to helping the Company successfully execute its product, growth and financial plans.”
Ms. Yan comes to the Company with over 25 years of experience in cross-border investment and M&A operations in North America and South East Asia. With an extensive network in the investor, manufacturing and supply chain communities in the forenamed regions, Ms. Yan has advised, directed, and managed publicly listed companies in North America, Europe, and China on market access, strategic planning, governance, and compliance matters. She has also played a critical role in successful transactions such as mergers and acquisitions, investments, project financing, and joint venture operations. Joanne has served as a senior corporate executive and consultant and has been a director and chair of board committees for publicly traded companies in Canada and NASDAQ helping raise over $400M in equity.
“We are thrilled to welcome these two highly accomplished individuals to our Board of Directors,” said Rick Fitzgerald, Chairman of the Board, Portable Electric. “Their expertise and experience will be instrumental in helping us drive growth, innovation and sustainability in the clean energy industry. These individuals will bring diverse perspectives, expertise, and experiences that will enable us to navigate the complexities of the market and seize new opportunities. Their strategic guidance and leadership will expand our network, inspire innovation, drive efficiency, and increase profitability, propelling us toward a new era of success. We look forward to working with them as we continue to develop and expand our mobile e-Generator and e-Charging energy solutions.”
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