Evolv Technology Appoints New Chief Financial Officer

Clara D. Flaherty

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Former CFO Transitioning to Go after CEO Part

Business Welcomes Verified Finance Government with Background in Significant-Progress SaaS, Cybersecurity and Networking

Mark Donohue to be a part of from Vestmark, Quick7, Cisco and Starent Networks

WALTHAM, Mass., May 19, 2022–(Business WIRE)–Evolv Know-how (NASDAQ: EVLV), a worldwide chief in weapons detection safety screening, these days announced the appointment of Mr. Mark Donohue to the position of Main Economic Officer, successful June 1, 2022. Mr. Donohue will realize success Mr. Mario Ramos, who has approved a part as CEO at a privately held economic services firm. Mr. Ramos will continue on in his present purpose until eventually May 31, 2022 to make sure a clean transition.

Mr. Donohue will presume global accountability for the Firm’s accounting, finance, treasury, chance compliance, information engineering, supply chain, manufacturing and trader relations functions. Mr. Donohue joins Evolv Technological innovation from Vestmark, a top economic technology provider of SaaS-based mostly portfolio administration and investing resources, exactly where he has served as Main Money Officer due to the fact 2018.

“We’re enthusiastic to welcome Mark to the govt management team,” claimed Mr. Peter George, President and Chief Govt Officer of Evolv Engineering. “Mark’s job has been formed around 25 a long time of executive leadership at category main technologies providers throughout the SaaS, cybersecurity and networking markets. We imagine his encounter and leadership will be significantly important as we put together for the subsequent phase of our growth.”

“I am thrilled to be signing up for Evolv Engineering, a leader in weapons detection safety screening,” said Mr. Donohue. “Evolv offers business-primary technologies that is serving to to clear up the extremely important problem of preserving the viewing public risk-free. I look ahead to joining the team as we get the job done to extend Evolv’s leadership posture in one particular of the speediest escalating markets across the technologies industry.”

Prior to joining Vestmark, Mr. Donohue served in various senior roles on the finance crew of Rapid7, (NASDAQ: RPD), a major company of protection analytics and automation, like Vice President of Finance. Right before that, he expended 7 a long time at Cisco (NASDAQ: CSCO), the around the globe chief in technologies that powers the World-wide-web, in which he served as Senior Director, Strategy, Finance and Organization Functions for the Mobility Company Team. Earlier he served as Director of Trader Relations and Assistant Treasurer for Starent Networks, Corp. (NASDAQ: STAR), a major company of infrastructure solutions that empower cellular operators to supply multimedia solutions to their subscribers. Before in his occupation, Mr. Donohue held numerous roles at IDC, Ferris Baker Watts, Teradyne and Quantum Corporation. Mr. Donohue earned an MBA and MSF from Boston Higher education and a Bachelor’s Degree from The University of New Hampshire.

“On behalf of the Board of Administrators and the entire leadership crew, I would like to thank Mario for the useful contributions he has manufactured considering that becoming a member of the workforce,” continued Mr. George. “During Mario’s tenure we designed important progress in the locations of persons, techniques, controls and know-how which positions us effectively in our growth options as a general public business. We would like Mario nicely in his upcoming chapter.”

About Evolv Engineering
Evolv Technological innovation (NASDAQ: EVLV) is a worldwide chief in weapons detection security screening. Our mission is Evolv Technological know-how (NASDAQ: EVLV) is a chief in weapons detection for protection screening, securing the world’s most legendary venues and organizations. Its mission is enabling a superior encounter and far better protection for venues, creating a safer earth to operate, study, and engage in by reworking bodily security to make almost everywhere safer. It gives sports lovers, topic park site visitors, concertgoers, consumers, workers, students, and other folks peace of intellect so that they can obtain without fear of violence. Its protection screening has scanned extra than 250 million people today, next only to the Division of Homeland Security’s Transportation Stability Administration (TSA) in the United States, and its engineering combines strong, highly developed sensors with verified synthetic intelligence (AI), safety ecosystem integrations, and detailed venue analytics to reliably detect threats 10 periods more quickly than regular steel detectors. Evolv Technologies, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered logos or logos of Evolv Systems, Inc. in the United States and other jurisdictions. For additional facts, take a look at https://evolvtechnology.com.

Ahead-Looking Statements
Selected statements in this push release might represent “forward-seeking” statements and data, inside the this means of Segment 27A of the Securities Act of 1933, Segment 21E of the Securities Trade Act of 1934, and the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995 that relate to our recent expectations and views of potential activities which includes but not constrained to statements concerning our anticipations pertaining to the govt administration changeover alterations. Ahead-searching statements involve the Company’s current expectations and projections relating to its fiscal ailment, aggressive place, foreseeable future economical results, designs, objectives, and business. All statements other than statements of historical facts contained in this push release are ahead-seeking statements. In some instances, these ahead-seeking statements can be identified by text or phrases these types of as “may possibly,” “will,” “expect,” “need to,” “could,” “anticipate,” “intention,” “estimate,” “intend,” “plan,” “imagine,” “possible,” “proceed,” “is/are very likely to” or the damaging of these phrases or other similar expressions. These ahead-wanting statements are issue to dangers, uncertainties and assumptions, some of which are beyond our handle. In addition, these ahead-wanting statements reflect the Company’s present-day views with regard to future activities and the Company’s effectiveness and are not a warranty of long run functionality. Real outcomes may well vary materially from the facts contained in the ahead-on the lookout statements as a final result of a quantity of aspects, such as, with no limitation anticipations about the Company’s procedures and long term economical overall performance, which include its upcoming enterprise plans or targets, prospective effectiveness and opportunities and rivals, revenues, products and solutions and companies, pricing, operating fees, market place trends, liquidity, income flows and makes use of of funds, money expenses the Company’s heritage of losses and lack of profitability the Company’s reliance on third celebration agreement manufacturing the charge of innovation necessary to maintain competitiveness in the marketplaces in which the Enterprise competes the competitiveness of the market in which the Company competes the capability for the Organization to acquire, retain, safeguard and implement the Company’s mental assets rights the concentration of the Company’s revenues on a single solution the Company’s means to timely layout, generate and launch its solutions, the Company’s skill to invest in development initiatives and go after acquisition prospects the minimal liquidity and investing of the Company’s securities geopolitical chance and alterations in applicable laws or rules the likelihood that the Corporation could be adversely influenced by other economic, business enterprise, and/or aggressive elements operational possibility risk that the COVID-19 pandemic, which include variants, vaccine roll-out efforts, and local, state, and federal responses to addressing the pandemic may perhaps have an adverse result on the Company’s company functions, as very well as the Company’s economic condition and final results of operations litigation and regulatory enforcement dangers, which includes the diversion of administration time and consideration and the further prices and calls for on methods and the threat variables established forth underneath the caption “Threat Things” in our Yearly Report on Sort 10-K for the calendar year finished December 31, 2021 filed with the Securities and Exchange Fee on March 28, 2022. These statements reflect management’s existing anticipations with regards to long term activities and operating effectiveness and talk only as of the day of this push release. You ought to not put undue reliance on any forward-seeking statements. Although we consider that the anticipations mirrored in the ahead-wanting statements are realistic, we are unable to promise that future effects, concentrations of action, general performance and events and instances reflected in the ahead-seeking statements will be realized or will occur. Other than as necessary by legislation, we undertake no obligation to update or revise publicly any forward-looking statements, irrespective of whether as a result of new info, potential events or usually, following the day on which the statements are created or to mirror the prevalence of unanticipated activities.

Check out supply edition on businesswire.com: https://www.businesswire.com/news/dwelling/20220519006014/en/

Contacts

Trader Relations:
Brian Norris
Vice President of Investor Relations
[email protected]

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