GreenPower Announces Resignation of Sebastian Giordano; Transition to Advisory Role

Rhea-AI Summary

GreenPower (NASDAQ: GP) announced that Sebastian Giordano resigned from the Board of Directors effective May 1, 2026 and will continue with the company in a newly created advisory role. The company said the advisory position will support a smooth transition and provide strategic guidance on key initiatives.

Leadership thanked Mr. Giordano for his contributions and confirmed continued engagement as the company advances its strategic objectives.

Positive

• Sebastian Giordano will continue as an advisor effective May 1, 2026
• Advisory role intended to provide strategic guidance on key initiatives

Negative

• Board seat vacated by Sebastian Giordano effective May 1, 2026

News Market Reaction – GP

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In the May 4 session, GP declined 2.70%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower" or the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that Sebastian Giordano has resigned from the Company's Board of Directors, effective May 1, 2026. Mr. Giordano will continue to support the Company in a newly created advisory capacity, ensuring a smooth transition and providing strategic guidance on key initiatives.

"On behalf of the Board and the entire GreenPower team, I want to thank Sebastian for his invaluable contributions during his tenure," said Fraser Atkinson, CEO of GreenPower. "We are pleased that he will remain engaged with the Company as an advisor, where his expertise will continue to benefit our growth and innovation."

"It has been a privilege to serve on the Board and I look forward to continuing to support GreenPower in this new capacity," said Mr. Giordano. "The Company has a clear set of objectives, and I am pleased to contribute to its next chapter as it continues to advance its strategic initiatives."

For further information contact:

Fraser Atkinson, CEO
(604)220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com.

©2026 GreenPower Motor Company Inc. All rights reserved.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295565

FAQ

Why did GreenPower (GP) announce Sebastian Giordano's resignation on May 1, 2026?

He resigned from the Board effective May 1, 2026 and will move to an advisory role. According to GreenPower, this change is intended to ensure a smooth transition while retaining his strategic input on key initiatives.

What role will Sebastian Giordano hold at GreenPower (GP) after May 1, 2026?

He will serve in a newly created advisory capacity supporting the company. According to GreenPower, the advisory role is focused on strategic guidance and helping ensure continuity during the board transition.

Does Sebastian Giordano's resignation from GreenPower (GP) affect current leadership?

The announcement did not indicate any change to executive officers or board leadership beyond his resignation. According to GreenPower, he will remain engaged as an advisor to support ongoing strategic initiatives.

When did GreenPower (GP) make the resignation and advisory announcement for Sebastian Giordano?

The company announced the resignation and advisory transition on May 1, 2026, effective the same date. According to GreenPower, the advisory arrangement begins immediately to facilitate a smooth handover.

How should investors interpret GreenPower (GP) saying Giordano will remain engaged as an advisor?

It indicates ongoing access to his expertise without a board seat. According to GreenPower, the advisory role is designed to provide continuity and strategic support while he is no longer a director.