Ideanomics, Inc. announced that Mr. Steven Fadem has been appointed to its Board of Directors effective immediately. Mr. Fadem will hold this position until the Company's next annual meeting of stockholders. Mr. Fadem replaces Mr. Jin Shi, who recently stepped down after serving on the board for a number of years. Mr. Steven Fadem is an innovative executive and thought leader with substantial experience building media, entertainment, technology, information services, big data and cybersecurity companies with experience in the digital transformation of traditional businesses. Steven Fadem was the Chairman of Global Data Sentinel. In his capacity as Chairman, he has led the company's strategic development and capital formation. Previously, Mr. Fadem ran several private equity-backed companies in the media, energy and financial services areas; the business side of a top-five Am Law firm, Kirkland & Ellis; and a major financial services firm, Geller & Co. which, among other things, possesses a major multifamily office servicing the ultra-high net worth community and is the outsourced CFO for Bloomberg L.P.
Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobilityâs business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energyâs business unit focuses on charging and energy-related products and services. Ideanomics Capitalâs business unit focuses on providing financing support for the Companyâs Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.
IDEANOMICS, INC. 
