Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective November 29, 2022, the Board of Directors of Levere Holdings Corp.
(the "Company") appointed Ulrich Hoernke as Chief Financial Officer (the
Principal Financial Officer and Principal Accounting Officer of the Company),
replacing Martin Varsavsky who was serving as the Company's interim Chief
Financial Officer.
Mr. Hoernke, age 62, has more than 30 years experience in the automotive
business in Asia, Europe and the United States and has worked for global OEMs,
such as Mercedes Benz, Chrysler, FiatChrysler and Mitsubishi Motors. From
February 2022 to November 2022, Mr. Hoernke served as the chief financial
officer of Quantron AG, a platform provider and specialist for sustainable
mobility for people and goods, where he led the company's financial reporting
and accounting functions. Prior to that, Mr. Hoernke served as the Chief
Financial Officer of fox e-mobility AG, a Duesseldorf stock exchange listed
electric vehicle manufacturer, from December 2020 to January 2022 where he led
that company's reverse merger with Catinum AG and listing to the Duesseldorf
stock exchange and oversaw its strategy and business plan. Additionally,
Mr. Hoernke founded and ran Up Management Inc., an automotive consulting firm
specializing in advising electric vehicle startups, from February 2018 to
December 2021. Additionally, Mr. Hoernke previously worked at Faraday & Future
Inc., where he served as the senior director of finance and was responsible for
corporate planning, strategy, monthly financial reporting. Mr. Hoernke graduated
with a degree in Finance (Master) from the University of Stuttgart and
participated in executive programs at both Insead and Kellogg University.
In connection with Mr. Hoernke's appointment as Chief Financial Officer of the
Company, Mr. Hoernke will enter into (i) an indemnification agreement and (ii) a
joinder to the letter agreement, dated as of March 23, 2021, entered into by the
Company with its directors, officers and the other parties thereto in connection
with the Company's initial public offering. The Company's officer
indemnification agreements and the letter agreement were described in, and the
forms of such agreements were filed as exhibits to, the Company's registration
statement relating to the Company's initial public offering (File
No. 333-253105).
There are no arrangements or understandings between Mr. Hoernke and any other
person pursuant to which he was selected as the Chief Financial Officer. There
are no family relationships between Mr. Hoernke and any director or executive
officer of the Company. Mr. Hoernke does not have any direct or indirect
material interest in any transaction required to be disclosed pursuant to Item
404(a) of Regulation S-K.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses