XL Fleet Announces Leadership Transition

Automotive and mobility sector veteran Eric Tech named CEO of XL FleetTech brings nearly 35 years of industry and leadership experience at Ford and NavistarAnnounces preliminary unaudited financial results for the third quarter of 2021BOSTON, November 1, 2021 – XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of vehicle electrification solutions for commercial and municipal fleets, today announced that its Board of Directors (the “Board”) has appointed Eric Tech as Chief Executive Officer of XL Fleet, effective December 1, 2021. Mr. Kazarinoff will support Mr. Tech to help ensure a smooth leadership transition through the end of the year. On behalf of the Board, we are excited to have Eric join the XL Fleet team.”Ms. Frodl added, “The Board thanks Dimitri for his contributions to XL Fleet, including guiding the Company as it transitioned to the public markets.”“I am honored to accept this new role and to be a part of the future of XL Fleet,” said Mr. Tech. XL Fleet expects to report cash and cash equivalents of approximately $367 million as of September 30, 2021. The earnings conference call can be accessed live by dialing 877-407-3982, or for international callers, 201-493-6780 and referencing XL Fleet.