BREAKING NEWS: Arcimoto’s Mark Frohnmayer Transitions To New Role, Jesse Fittipaldi Named Interim CEO
In a SEC filing on Thursday, Arcimoto announced that as of August 5th, 2022, Mark Frohnmayer would be departing from the role of CEO and instead transition from the role to a new position as Chief Vision Officer. Frohnmayer has been leading Arcimoto since the beginning in late 2007.
Also on August 5th, Jesse Fittipaldi, formerly Arcimoto’s Chief Strategy Officer, was appointed as interim CEO. Mr. Fittipaldi jointed the company in May of 2015 as the company’s business development lead and had also taken time as the vice-president of the company.
“It’s an honor to lead this amazing organization, and I believe Arcimoto has the team in place to effectively lead the way in the manufacturing of rightsized EVs,” said Fittipaldi in a press release by the company. “We endeavor to continue the vision set forth by our founder Mark Frohnmayer, who built Arcimoto from the ground up, starting with a napkin sketch and a dream to build the right tool for the job of daily driving. I will do my best to enable the entire team to fulfill its desire to make a difference in the world.”
As Chief Vision Officer, Frohnmayer will turn his attention to long-term strategic initiatives and key technology development programs for the company. He will also continue in his role as Chairman of the Board.
“The top-notch management team Arcimoto has assembled, including seasoned veterans we have cultivated within for many years, as well as the serious rockstar talent we’ve recently brought on board, has allowed me to focus directly on what I do best: articulating the long-term vision of the company through key partnerships and future product and technology initiatives,” said Frohnmayer. “I couldn’t be more thrilled that Jesse Fittipaldi, who has been helping me build the company hand-in-hand these last seven years, from a team of five to more than 300, is now stepping up to take on the daily leadership of Arcimoto’s plan to bring clean mobility solutions to the world.”