California-based electric vehicle (EV) start-up Faraday Future (FF) announced the appointment of Brian Krolicki as the first independent member of its board of directors.
SEE ALSO: Faraday Future Seeks Creditor Support as Founder Jia Yueting Struggles With Bankruptcy
Brian Krolicki, according to FF, is a veteran of the private banking industry and municipal finance and has 20 years of private and public sector work experience. He started his career on Wall Street, but later devoted himself to public services as Nevada Constitutional Offices of Lieutenant Governor and State Treasurer.
Before joining FF’s board of directors, Krolicki served as a founding member of FF’s Advisory Board, where he has provided guidance on policy, business development and public relations. He also currently serves on multiple corporate and non-profit boards.
As the latest addition to the board, Krolicki will help oversee corporate audit and compliance requirements and contribute to the Board’s governance, strategy, and oversight responsibilities. He’s also expected to help position FF in its fundraising activities, upcoming product launches and eventual IPO.
The EV-maker said the appointment is part of the company’s efforts to help bolster its leadership team, improve corporate governance, and secure funding for the planned delivery of the FF 91, the so-called “ultra-luxury production vehicle.”
Carsten Breitfeld, who was appointed as FF’s global CEO last year, said leadership changes will play an important part in product delivery planning, cost reduction, and most importantly, fundraising and financing strategy.