Proterra Inc. announced that on February 1, 2024, in connection with the closing of the Powered Sale, David S. Black resigned as Chief Financial Officer and appointment of Justin Derek Pugh as acting chief financial officer. Justin Pugh, has served as Chief Transformation Officer of the Debtors since August 7, 2023. In his capacity as Chief Transformation Officer of the Debtors, Mr. Pugh has authority to act on behalf of the Debtors in connection with activities related to operational analysis and reporting, negotiation with counterparties, in each case as may be requested by the Debtors?

Chief Executive Officer. Effective as of February 1, 2024, the Restructuring Committee of the Boards of Directors of the Debtors approved that Mr. Pugh, in his capacity as the Debtors? Chief Transformation Officer, shall assume all of the responsibilities, and the authority to act on behalf of the Debtors, of the Debtors?

acting Chief Financial Officer until a permanent Chief Financial Officer is appointed; Mr. Pugh, age 42, is a Senior Managing Director at FTI, a global consulting firm, where he has worked since 2017. Mr. Pugh earned a bachelor?s degree in finance and a master?s degree in finance and mathematics from Louisiana State University and an MBA from the University of Rochester. He is a chartered financial analyst and certified public accountant.

FTI serves as financial advisor to the Company to support their contingency planning efforts.