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KCAC

Officers

Justin Mirro

Justin Mirro, our Chairman and Chief Executive Officer, provides leadership and expertise in sourcing, structuring, financing, and closing complex transactions. Mr. Mirro is the President of Kensington Capital Partners, which was formed in 1999 and is an affiliate of our sponsor. Kensington Capital Partners is a merchant bank focused on making investments and providing strategic advice to businesses in the automotive sector. Mr. Mirro has more than 25 years of experience in negotiating and structuring automotive transactions as head of automotive investment banking at RBC Capital Markets, Moelis & Company, and Jefferies & Company. Previously, Mr. Mirro worked as an engineer for General Motors in Detroit and Toyota in Japan. Mr. Mirro currently serves on the board of directors of Cooper Standard Holdings (NYSE: CPS) and Speedstar Holdings. Mr. Mirro earned his Master of Business Administration degree from New York University Leonard N. Stern School of Business and his Mechanical Engineering degree from the University of Michigan. Mr. Mirro served as the Chairman and Chief Executive Officer of Kensington SPAC I from April 2020 until it consummated its initial business combination with QuantumScape, a company that is developing next generation battery technology for EVs and other applications, in November 2020, currently serves as the lead independent director of QuantumScape and served as the Chairman and Chief Executive Officer of Kensington SPAC II from January 2021 until it consummated its business combination with Wallbox N.V., a leader in electric vehicle charging and energy management solutions, in October 2021. He has served as the Chairman and Chief Executive Officer of Kensington SPAC V since March 2021.

Dieter Zetsche

Dieter Zetsche, our Vice Chairman and President, provides leadership and management expertise. Mr. Zetsche has over 45 years of global automotive experience with broad experience in automotive engineering, sales, management, and leadership. Mr. Zetsche was the former Chief Executive Officer of Daimler AG (“Daimler”) and former Head of Mercedes-Benz Cars where he completed the demerger of Daimler and Chrysler in 2007 and helped lead Daimler to become a global leader for premium passenger cars and trucks. Mr. Zetsche started his career in 1976 in the research department of what was then Daimler-Benz AG. During his time at Daimler, Mr. Zetsche held various roles across the globe until he left the company in 2019. Mr. Zetsche serves as Chairman of TUI AG, a global leisure, travel and tourism company, since 2018. Mr. Zetsche has served on the Advisory Boards of Aldi Sued, a global supermarket chain, since 2019, Adobe since 2021, Volocopter, a pioneer in Urban Air Mobility (UAM), since 2020, Factorial Energy, a pioneer in battery technology, since 2021, Luminar Technologies Inc., a producer of advanced sensor technologies for the autonomous vehicle industry, since 2020, and Applied Intuition, Inc., a software company for the Automotive Industry, since 2021.

Robert Remenar

Robert Remenar, our Chief Operating Officer, provides expertise in sourcing potential business combinations and leadership in managing the due diligence analysis of operational and management performance of these businesses. Mr. Remenar has more than 35 years of experience in senior leadership positions at various global automotive companies where he has established long-standing relationships with customers, suppliers, labor unions and investors. Mr. Remenar served as CEO of Nexteer Automotive (OTC: NTXVF) and Chassix Inc. Mr. Remenar was previously an executive officer of Delphi Corporation and held executive positions within General Motors since 1985. Mr. Remenar currently serves on the board of directors of Cooper Standard Holdings and PKC Group. Mr. Remenar earned his Master of Business and Professional Accountancy degrees from Walsh College and his undergraduate degree from Central Michigan University. Mr. Remenar served as Vice Chairman and President of Kensington SPAC I from April 2020 until it consummated its initial business combination in November 2020 and served as Vice Chairman and President of Kensington SPAC II from January 2021 until it consummated its business combination in October 2021.

Simon Boag

Simon Boag, our Chief Technology Officer, provides expertise in sourcing potential business combinations and leadership in managing the due diligence analysis of the technical and market competitive performance of these businesses. Mr. Boag has more than 30 years of experience in senior leadership positions at various global automotive and commercial vehicle companies as well as expertise with emerging automotive technologies. Mr. Boag is managing partner at IncWell Venture Capital, an early stage investment company where he held the position of CEO in many of his portfolio companies. Previously, Mr. Boag was executive vice president of Case New Holland, president of MOPAR (Chrysler) and executive vice president in charge of global purchasing at Chrysler. Mr. Boag earned his Master of Business Administration from Stanford University and his Mechanical Engineering degree from the University of Toronto. Mr. Boag served as the Chief Technology Officer of Kensington SPAC I from April 2020 until it consummated its initial business combination in November 2020 and served as the Chief Technology Officer of Kensington SPAC II from January 2021 until it consummated its business combination in October 2021.

Daniel Huber

Daniel Huber, our Chief Financial Officer, provides leadership in sourcing, tracking, and evaluating potential business combinations in addition to managing our financials. Mr. Huber has over 20 years of experience working with intermediaries and managing sophisticated databases, which he utilizes in his analysis of businesses that meet our target criteria. He has also built strong financial modelling skills as an investment banker over the last ten years that will be beneficial as we develop proposals for potential business combinations. Mr. Huber was previously a director of corporate development at Conduent (NYSE: CNDT) and an investment banker at PI Capital, CRT Capital Group, RBC Capital Markets, and Moelis & Company. Prior to this, Mr. Huber was a lieutenant in the United States Navy. Mr. Huber earned his Master of Business Administration degree from New York University Leonard N. Stern School of Business and his undergraduate degree from the United States Naval Academy. Mr. Huber served as the Chief Financial Officer and Secretary of Kensington SPAC I from April 2020 until it consummated its initial business combination in November 2020 and served as the Chief Financial Officer and Secretary of Kensington SPAC II from January 2021 until it consummated its business combination in October 2021. He has served as the Chief Financial Officer and Secretary of Kensington SPAC V since March 2021.

Board of Directors

Thomas LaSorda

Thomas LaSorda is the former CEO of Chrysler and provides exceptional insights to traditional and emerging vehicle technologies as well as senior-level access to the executives running these companies. Mr. LaSorda has over 40 years of experience working with vehicle manufactures around the world, with specific expertise on evaluating management and technology. Mr. LaSorda is managing partner at IncWell Venture Capital, an early stage investment company that has made investments in over 40 technology businesses. Mr. LaSorda served as a director of Kensington SPAC I from June 2020 until it consummated its initial business combination in November 2020 and as a director of Kensington SPAC II from February 2021 until it consummated its initial business combination in October 2021.

Nicole Nason

Nicole Nason is the former Administrator of the U.S. Federal Highway Administration ("FHWA") and a leading advocate for critical advances in autonomous vehicles and safety. Before serving at FHWA, Ms. Nason was the Assistant Secretary at the State Department's Bureau of Administration, responsible for managing the global supply, shipping, logistics, and transportation services to more than 260 overseas locations. Ms. Nason was also the Administrator of the National Highway Traffic Safety Administration (NHTSA) and Assistant Secretary for Governmental Affairs at U.S. Department of Transportation. Ms. Nason is currently the Chief Safety Officer and Head of External Affairs at Cavnue, a company that combines technology and road infrastructure to unlock the full potential of connected and autonomous vehicles. Ms. Nason served as a director of Kensington SPAC II from April 2021 until it consummated its initial business combination in October 2021.

Anders Pettersson

Anders Pettersson is the former CEO of Thule Group, one of the leading automotive aftermarket brands in the world. Under Mr. Pettersson’s leadership, he transformed Thule from an automotive aftermarket accessories business into a lifestyle consumer brand company. Mr. Pettersson brings over 35 years of experience in sourcing, evaluating and acquiring businesses throughout the world. Mr. Pettersson is the current chairman of Brink NV, the leading towing hitch business in Europe. Mr. Pettersson served as a director of Kensington SPAC I from June 2020 until it consummated its initial business combination in November 2020 and served as a director of Kensington SPAC II from February 2021 until it consummated its initial business combination in October 2021. Mr. Pettersson is Chairman of Wallbox N.V., a provider of EV charging solutions. He is also a director of Kensington SPAC V.

Mitchell Quain

Mitchell Quain is an experienced investor and board member of multiple public companies serving the automotive and broader industrial segments. Mr. Quain has over 45 years of experience evaluating companies, initially as an equity research analyst at Schroders and more recently as a partner One Equity Partners, a senior advisor at Carlyle Group, and a member of the executive council at American Securities. Mr. Quain is currently on the boards of AstroNova, Digirad Corp and Jason Industries. Mr. Quain served as a director of Kensington SPAC I from June 2020 until it consummated its initial business combination in November 2020 and served as a director of Kensington SPAC II from February 2021 until it consummated its business combination in October 2021. He is also a director of Kensington SPAC.

Donald Runkle

Donald Runkle is one of the most recognized vehicle engineers in the world, with deep understanding of emerging automotive technologies and broad relationships with automotive executives and investors globally. Mr. Runkle has over 50 years of senior leadership experience at Delphi Automotive, EaglePicher, Autocam and EcoMotors, and was head of powertrain R&D and advanced engineering at General Motors. Mr. Runkle is currently a director of VIA Motors and senior consultant to Tennenbaum Capital Partners. Mr. Runkle served as a director of Kensington SPAC I from June 2020 until it consummated its initial business combination in November 2020 and served as a director of Kensington SPAC II from February 2021 until it consummated its business combination in October 2021.

Matthew Simoncini

Matthew Simoncini is the former CEO and CFO of Lear Corporation, with significant strategic and financial expertise in the automotive industry and extensive relationships with suppliers, business owners and intermediaries. Mr. Simoncini has over 35 years of experience in the automotive industry in evaluating companies, emerging technologies, and management teams, with significant expertise in due diligence and assessing the suitability of acquisition opportunities. Mr. Simoncini is currently a director of Luminar. Mr. Simoncini served as a director of Kensington SPAC I from June 2020 until it consummated its initial business combination in November 2020 and served as a director of Kensington SPAC II from February 2021 until it consummated its business combination in October 2021.