Arcimoto Appoints Jesse Fittipaldi as Interim Chief Executive Officer
Founder Mark Frohnmayer named Chief Vision Officer
EUGENE, Ore., Aug. 12, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that Jesse Fittipaldi has been appointed to the role of Interim CEO. Fittipaldi joined Arcimoto in 2015 as the company’s Business Development Lead. From 2017 to 2020, Fittipaldi was Vice President of the Company and had been serving as Chief Strategy Officer since 2020.
“It’s an honor to lead this amazing organization, and I believe Arcimoto has the team in place to effectively lead the way in the manufacturing of rightsized EVs,” said Fittipaldi. “We endeavor to continue the vision set forth by our founder Mark Frohnmayer, who built Arcimoto from the ground up, starting with a napkin sketch and a dream to build the right tool for the job of daily driving. I will do my best to enable the entire team to fulfill its desire to make a difference in the world.”
Founder Mark Frohnmayer has been named Chief Vision Officer. Frohnmayer founded Arcimoto in 2007 and oversaw Arcimoto’s growth from a boutique R&D studio to a leading three-wheel electric vehicle manufacturer. As Chief Vision Officer, Frohnmayer will focus on long-term strategic initiatives and key technology development programs for the future of sustainable mobility. He will continue in his role of Chairman of the Board.
“The top-notch management team Arcimoto has assembled, including seasoned veterans we have cultivated within for many years, as well as the serious rockstar talent we’ve recently brought on board, has allowed me to focus directly on what I do best: articulating the long-term vision of the company through key partnerships and future product and technology initiatives,” said Frohnmayer. “I couldn’t be more thrilled that Jesse Fittipaldi, who has been helping me build the company hand-in-hand these last seven years, from a team of five to more than 300, is now stepping up to take on the daily leadership of Arcimoto’s plan to bring clean mobility solutions to the world.”
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About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.