ECD Auto Design Welcomes New CFO and Board Changes Amid Growth

ECD Auto Design Welcomes New Leadership

In a significant move, ECD Automotive Design, Inc. (Nasdaq: ECDA) has announced the appointment of Benjamin Piggott as its Chief Financial Officer. This announcement comes as the company is gearing up for future growth and innovation in the luxury vehicle restoration market.

Transition of Roles

Effective September 16, 2024, Benjamin Piggott takes over the CFO position from Raymond Cole, who is stepping down for personal reasons but will continue to offer his expertise in a consulting capacity through mid-2025. This strategic change is aimed at ensuring a smooth transition and stable financial oversight during a crucial time for the company.

The Journey of Benjamin Piggott

Prior to his new role, Mr. Piggott was serving as the Chairman of the Board at ECD Auto Design, where he played a pivotal role during the company’s transition to a public entity through a SPAC merger. His extensive background in corporate finance, especially at EF Hutton Acquisition Corporation I, complements his new responsibilities. Mr. Piggott also has vast experience in the investment sector, including notable positions at Laird Superfood, Inc. and Fidelity Management & Research Company.

Leadership Insights

Scott Wallace, the CEO of ECD Auto Design, expressed optimism about the change, stating, "We are excited to have Ben on board in a more operational role. His insight and experience will be invaluable as we continue our growth trajectory." This sentiment underscores the company’s commitment to elevating its operations and enhancing its corporate structure.

Recognition of Past Contributions

As ECD Auto Design transitions into this new phase, the leadership team acknowledges the significant contributions of Raymond Cole. Mr. Wallace stated, "Ray has been crucial in guiding ECD Auto Design to its current position, and we will miss his influence as we advance. We're thankful for everything he has accomplished during his tenure."

Board Restructure for Future Growth

Alongside Mr. Piggott’s new role as CFO, both he and Thomas Humble have stepped down from their positions on the Board of Directors. In a proactive step forward, Scott Wallace has been appointed as the Chairman of the Board. This restructuring aims to align the leadership more closely with the company’s vision as they prepare for the next chapter.

About ECD Auto Design

Founded in 2013, ECD Auto Design has established itself as a prominent player in the luxury vehicle restoration industry, particularly known for its bespoke modifications of classic cars, including the Land Rover Defenders and Jaguar models. Each vehicle is handcrafted by seasoned technicians with a passion for excellence, ensuring that clients receive unique and high-quality vehicles tailored to their specifications. The company operates out of its large facility in Kissimmee, Florida, which is home to a talented team dedicated to preserving the beauty of classic automobiles while integrating modern performance capabilities.

The Craftsmanship Behind the Brand

Every model produced by ECD Auto Design takes approximately 2,200 hours to complete, reflecting the company's commitment to quality and bespoke artistry. With a strong focus on customer satisfaction, clients participate in a luxurious design experience that allows them to create a vehicle that truly reflects their individual style and preferences.

Future Prospects

As ECD Auto Design continues to innovate and expand its offerings, the leadership changes signal a dedication to maintaining high standards of excellence and pushing the boundaries of what is possible in automotive design. The integration of new talents within the company's dynamic framework will be essential in navigating the complex landscape of the luxury vehicle market.

Frequently Asked Questions

What prompted the CFO transition at ECD Auto Design?

The transition was initiated as Raymond Cole stepped down for personal reasons, and Benjamin Piggott was appointed to ensure continuity in financial leadership.

Who is Benjamin Piggott?

Benjamin Piggott is the newly appointed CFO of ECD Auto Design, with a robust background in finance and investment, including previous roles at EF Hutton and Laird Superfood.

What is ECD Auto Design known for?

ECD Auto Design specializes in restoring and modifying classic luxury vehicles, particularly Land Rover Defenders and Jaguar models, offering a one-of-a-kind design experience.

How long does vehicle restoration take at ECD Auto Design?

Each vehicle restoration process at ECD Auto Design typically takes around 2,200 hours to ensure meticulous attention to detail and craftsmanship.

Where is ECD Auto Design located?

ECD Auto Design is headquartered in Kissimmee, Florida, where a talented team of craftsmen brings each bespoke vehicle to life.

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