Charge Enterprises Appoints Jacky Wu as Independent Director

Strategic Insights -

Jacky Wu, the Executive Vice President and Chief Financial Officer of DigitalBridge Group, Inc., has been appointed as an independent director to Charge Enterprises' Board of Directors, effective June 16, 2023. This expansion brings the total number of Board members to ten, with six being independent directors. As a member of the Audit and Nominating and Corporate Governance Committees, Mr. Wu will play a crucial role in shaping the company's oversight, growth, and success.

Wu brings over 15 years of experience in the telecommunications industry, having served in various roles at Verizon Communications, American Tower Corporation, and Driven Brands, Inc. His expertise and skills are expected to drive the company's growth and success. As an independent director, Mr. Wu will provide valuable insights and guidance to the Board.

"We are pleased to have Jacky join Charge Enterprises' Board of Directors. He holds valuable expertise and varied skills that will help drive oversight, growth, and success of our Company," said Andrew Fox, Founder, Chairman and CEO of Charge Enterprises.

Key Takeaways:

  • Charge Enterprises has appointed Jacky Wu as an independent director to the Board of Directors, effective June 16, 2023.
  • With this expansion, the Board now consists of ten members, six of whom are independent directors.
  • Jacky Wu brings over 15 years of experience in the telecommunications industry, having served in various roles at Verizon Communications, American Tower Corporation, and Driven Brands, Inc.
  • As a member of the Audit and Nominating and Corporate Governance Committees, Mr. Wu will play a crucial role in shaping the company's oversight, growth, and success.
  • Mr. Wu will receive cash compensation of $40,000 per year, payable quarterly, as well as a non-qualified stock option under the 2020 Omnibus Equity Incentive Plan to purchase shares of Charge's common stock.

Statistics:

  • Charge's Board of Directors now consists of ten members, with six being independent directors.
  • Jacky Wu will serve as a member of the Audit and Nominating and Corporate Governance Committees.
  • Mr. Wu's cash compensation will be $40,000 per year, payable quarterly.
  • The non-qualified stock option granted to Mr. Wu allows him to purchase 120,000 shares of Charge's common stock at an exercise price of the closing price on June 30, 2023, and will vest fully on the earlier of July 1, 2024, or the date of the 2024 Annual Meeting of Stockholders.

Sources:

  • Form 8-K filed with the Securities and Exchange Commission (SEC) by Charge Enterprises, Inc. on June 20, 2023.
  • Press release issued by Charge Enterprises, Inc. on June 20, 2023.