Nearly seven years after helping found Expion360, John Yozamp is relinquishing his role as company CEO.
Expion360’s board of directors appointed Brian Schaffner to take over for Yozamp as CEO. Yozamp’s role as board chair will be taken by independent company director David Hendrickson.
Yozamp will become the company’s chief business development officer. He made clear he initiated the changes to his role and titles.
“The changes occurring in the marketplace today have created a rare opportunity for Expion360 which we should seize with full force and expediency,” Yozamp said. “As co-founder and CEO of Expion360 and its largest shareholder, I have helped guide these management transitions which I believe will allow me to do what I do best and love to do the most—that is, being fully focused on building customer and partner relationships and selling the absolute best lithium-ion batteries on the market today.”
Yozamp said he believes the management changes will bring the most benefits to shareholders and customers.
“Taking my place as CEO and our new president are two of the best managers I have had the good fortune to work with,” Yozamp said. “Given their strong executive and operational backgrounds, I am confident they will lead our company to a new level of performance and innovation.”
Company Director and Chief Operating Officer Paul Shoun was also named company president. Chief Accounting Officer Greg Aydelott was promoted to chief financial officer.
The company’s board is comprised of four directors with three serving independently. The board plans to appoint at least one additional independent board member in the near term.
“These strategic management and board transitions further our plans to increase shareholder value,” Hendrickson said. “We believe the changes better align our senior executive experience and talent to effectively drive growth and new opportunities, enabling Expion360 to be an emerging leader in clean energy solutions.”
Schaffner thanked Yozamp for his leadership and continued contributions.
“His industry knowledge, salesmanship and drive for innovation are second to none,” Schaffner said. “We look forward to his continued leadership in his new role focused on business development, which we anticipate bearing great fruit in the near term.”
Expion360, Inc. is a lithium-ion battery power storage solution supplier.
