ECD Automotive Design Welcomes New CFO and Board Chairperson
Leadership Changes at ECD Automotive Design
ECD Automotive Design, Inc. (NASDAQ: ECDA) has made significant strides in its leadership with the appointment of Benjamin Piggott as Chief Financial Officer. This transition marks a pivotal moment as ECD continues to strengthen its position in the luxury vehicle restoration market.
New CFO Appointment Details
Effective immediately, Benjamin Piggott steps into the CFO role, taking over from Raymond Cole, who has opted to leave the position for personal reasons. Raymond will support the company in a consulting capacity through mid-2025, ensuring a smooth transition during this leadership change. ECD's CEO Scott Wallace expressed enthusiasm about Ben's appointment, highlighting his extensive experience in guiding successful enterprises.
Background on Benjamin Piggott
Benjamin Piggott, prior to joining ECD, was instrumental as the Chairman and CEO of EF Hutton Acquisition Corporation I, a special purpose acquisition company (SPAC). This firm played a crucial role in ECD's public listing. With a robust background in corporate development and investments, Piggott previously led corporate strategy at Laird Superfood, where he negotiated the sale of equity to Danone S.A. His rich history in finance includes a decade-long tenure with Fidelity Management & Research Company, solidifying his expertise as a research analyst and portfolio manager.
Future Vision for ECD Automotive Design
As ECD Automotive Design progresses, the leadership team sees great potential for growth and innovation. Scott Wallace expressed gratitude for Raymond's contributions while optimizing the company's direction in preparedness for future environments of luxury automotive demand.
Board Restructuring to Support Growth
Alongside Ben's appointment, there have been additional changes to ECD's Board of Directors. Both Mr. Piggott and Thomas Humble have resigned from their positions, allowing Scott Wallace to take over as Chairman of the Board. This restructuring is designed to enhance governance and support ECD’s strategic initiatives.
About ECD Automotive Design's Offerings
Renowned for transforming classic vehicles, ECD Automotive Design specializes in restoring and customizing models like the Land Rover Defender, Jaguar E-Type, and recently, the Ford Mustang. Each vehicle constructed is tailored to the client's specific desires, showcasing the artistry and craftsmanship of the ASE-certified team over an extensive 2,200-hour build process. The company, which values excellence and customer satisfaction, has built a reputation for producing bespoke luxury automobiles.
Corporate Headquarters and Production Facilities
The headquarters of ECD, known as the "Rover Dome," spans 100,000 square feet in Florida, employing a diverse team of over 90 certified experts. The dedication of the workforce is evident in the high standards of vehicles that emerge from this facility, each meticulously crafted to meet client expectations. Additionally, ECD operates a logistics center in the U.K. to manage the sourcing of vintage vehicles for restoration.
Contact Information for Investors
For investment inquiries, Brian M. Prenoveau, CFA, from MZ Group—MZ North America, serves as the point of contact. He can be reached at ECDA@mzgroup.us or by phone at +561 489 5315.
Frequently Asked Questions
What prompted the change in CFO at ECD Automotive Design?
The change was initiated due to Raymond Cole stepping down for personal reasons, with Benjamin Piggott being appointed as the new CFO.
Who will assist during the transition period?
Raymond Cole will remain with ECD Auto Design as a consultant to ensure a seamless transition through the first half of 2025.
What is the background of Benjamin Piggott?
Ben Piggott has significant experience in finance and corporate development, having worked previously with EF Hutton and Laird Superfood.
What notable changes occurred at the Board of Directors?
Along with the appointment of Piggott as CFO, he and Thomas Humble resigned from the Board, leading to the appointment of Scott Wallace as Chairman.
What services does ECD Automotive Design provide?
ECD specializes in restoring and customizing classic vehicles, offering a fully bespoke experience for clients, particularly in luxury automobiles.
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