TUGA Innovations Inc. (OTCMKTS:TUGAF) announced the appointment of Mr. Lucas Leonardi to its board of directors, on October 14, 2022 with immediate effect. Presently, Mr. Leonardi is the Automotive Global Accounts Team Director at Amazon Web Services EMEA based in Paris, France. He brings more than 25 years of experience in sales and product marketing, in software and related software as a service industry endeavor.
Trading Data
On Friday, TUGAF stock ended flat at $0.1000 with more than 3K shares, compared to its average volume of 10.56K shares. The stock moved within a range of $0.1000 – 0.1000 after opening trade at $0.1000.
TUGA Welcomes Lucas Leonardi to Board of Directors
He is well-known for his strategic skills, along with entrepreneurial leadership and managerial expertise in international and multicultural environments. He has recently served as SVP Mobility for Valtech (a software integrator) developing vertical strategies for group mobility as a service offering. Prior to that, he was with the Peugeot Citroën SA Group (now Stellantis) as Head of Worldwide Strategy & Partnerships Connected Cars, then as COO for Free2Move (Stellantis Mobility brand).
The company is presently engaged in developing solutions to address urban mobility challenges with the TUGA, a new type of electric vehicle. Lucas Leonardi has commented that the TUGA project is progressing on schedule. The vehicle, along with the digital elements, is an extremely appealing package, and the go-to-market concept is innovative and compelling.
Mr. Kraig Schultz has announced his resignation from his role on the board of directors. John Hagie, TUGA Innovations CEO and Chairperson of the board of directors, has acknowledged his efforts in helping to start the company, and wished him the best for the future.
Key Quote
Lucas Leonardi, newly appointed director at TUGA Innovations comments, “The TUGA project seems right on target in so many ways. The vehicle, along with the digital elements, is an extremely attractive package; and the go-to-market concept is innovative and compelling. The management team has an excellent focus to successfully develop the company.”
